Today, there are many terms related to cryptocurrency among which is the crypto launchpad. The rise of cryptocurrency and the use of blockchain has birthed new ideas.
You must have heard about crypto staking, lending, farming, and so on, crypto launchpad is another system in the crypto world. It is another possibility of making a profit via crypto and the blockchain.
There are over 17, 000 crypto projects out there according to the CoinMarketCap listing. Among these digital assets are some which are fake. As scam in the industry is on the increase, the crypto launchpad has been a way out.
In this post, we’ll learn about the crypto launchpad, how it works and the top ones out there.
What is a Crypto Launchpad?
A crypto launchpad is a platform that allow blockchain-based projects to raise capital while giving access to early-stage token sales for their group of investors.
It can also be referred to as crypto incubators because investors get to know about a project before it gets to the market. A crypto launchpad is the best place to find a project in its early stage.
Early joiners of successful projects always benefit the most. Because they stick with the project from the bottom, they also share in its success when it grow.
The Crypto Launchpad is a one-stop solution for all new crypto projects.
How does Crypto Launchpad work?
Crypto launchpad works by assisting its client from developing a token to its listing and marketing.
It has been found that the cost of launching in a crypto launchpad is low (or insignificant), increasingly more projects are heading towards launchpads for fundraising.
Launching a project through a launchpad is beneficial to both founders and investors. Additionally, launching the project through a launchpad provides new founders with access to a community of crypto investors and enthusiasts, ready to explore a new project.
Top 5 Crypto Launchpad Platforms
The crypto industry is expanding tremendously and plenty of projects are depending on the decentralized world to raise capital for their projects. This has birthed a generous number of crypto launchpads.
However, the top crypto launchpad platform are listed below in no particular order.
1. BSCPad
This is the first launchpad based on the BSC Network. The platform’s fully decentralized protocol assists blockchain-based projects with fundraising, token distribution, and increased liquidity.
BSCPad is known for its two round allocation model. The guaranteed allocation for investors is in two phases i.e. first round and second round.
The native token the platform operates with is called $BSCPad. The more tokens a user stakes, the higher Tier and allocation will be assigned.
2. BullPerks
This is a decentralized VC and multi-chain crypto launchpad, best known for its transparent and community-dedicated approach.
BullPerks founders are well-known speakers, entrepreneurs, and advisors to multiple large and fast-growing projects. It is fully dedicated to catering to its community’s needs, providing a safe launchpad for projects and great investment opportunities for investors.
The official token of the platform, $BLP, is based on the BSC Network. It is used for upgrading the Tier through locking, staking, or farming (the two latter ones will also earn you rewards).
3. WeStarter
WeStarter is a cross-chain token initial swap protocol based on the HECO Network. The platform supports the initial exchange of projects based on BSC, Ethereum, and HECO, while in the future they aim to add Polka, Avalanche, and other public blockchains.
It works by supporting multiple blockchains. It also plans to cater for the needs of IWO (Initial Wallet Offering) for most blockchain assets, and the investment demands of its investors.
4. TrustSwap
This is a decentralized launchpad and protocol based on the BSC Network. The platform operates under its native token, $SWAP.
The token offers next-generation multi-chain swaps and more solutions to existing issues on splitting payments and subscriptions. $SWAP is also used for Staking, Smart Locks, and Smart Swaps, with the latter allowing to wrap any token into an ERC20 token.
5. DuckStarter by DuckDAO
This is a decentralized crypto launchpad that launches blockchain-based projects in front of a large community of investors.
DuckSTARTER is the native platform of DuckDAO and operates under the same token, $DUCK. The native token is supported by Ethereum and BSC Networks and is a key ingredient of operating within the platform.
DuckStarter works by supporting a team with marketing and professional advice for organic and solid growth. This is usually done after passing the vetting process of the platform.
Why Use a Crypto Launchpad?
As stated earlier, a crypto launchpad is beneficial to a crypto project and its investors. At their starting point, they both stand to gain in their mutual relationship.
As for the crypto project, its founders get what they need which is capital to move the projects forward. Additionally, a launchpad offers exposure to a project by bringing it in front of a massive community of crypto enthusiasts.
The early investors also get tokens at a way better price compared to when the token launches on the public market. With this, their profits would be in multiple folds. Some projects also allow its early investors to be part of community decision-makers (governance).
Conclusion
Crypto launchpad has come to be due to the effect of rising increase of crypto projects which is not without scams. Launchpads have benefitted both startups requiring funds and crypto investors.
It also connect interested investors with tokenized projects before they hit the market, offering a bargain price per token. This a sure way of making profits from crypto investments as well as getting a chance to be a part of the development team.
Also Read- What are Crypto Faucets?
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