Blockchain technology is finding more and more uses. In particular, the process we call the tokenization of enterprises is advancing quickly.
In tandem, companies/startups require platforms for both funding and tokenization. In this scenario, we come across Crypto Launchpads.
Here’s the plain reality about investing in crypto ventures: If you could get early in the most promising projects, you’ll win big. However, finding the correct initiatives when they are still in their infancy might be difficult.
What exactly are crypto launchpads?
The process of raising cash using decentralized exchanges is dubbed the Initial DEX Offering (IDO), and the platforms that support it are called IDO launchpads. They let investors acquire tokens of new crypto ventures before the public. Crypto launchpads make it simpler for investors to invest in potential businesses before their coins are launched to the public.
What is an IDO launchpad?
Projects offer tokens on crypto launchpads to give investors trust. Because these platforms give confidence to the investor at least in some issues. Projects also aim to seek investors using launchpads.
We can practically split these launchpads into two.
The first is IEO (Initial Exchange Offering) issued by controlled exchanges, such as Binance Launchpad. Platforms like Binance have very severe restrictions for IEO. Therefore, relatively few projects can use these platforms.
The second is IDO (Initial Dex Offering) given by several platforms. In this article, we will evaluate the platforms that give additional IDO services.
There are a lot of IDO launchpads out there. So, which sites do we follow to identify good projects? Each platform has its merits and downsides.
Also, each platform has its regulations. We may even call it perplexing for people who are not very familiar with this business.
But, we would encourage you to keep scrolling through our articles to get a piece of broad information about crypto launchpads.
Here we named the top 3 launchpads in 2021 and why they are so popular.
Launched in 2017, Binance, as a platform, has not confined itself to merely being a cryptocurrency exchange. Instead, it has developed into a whole ecosystem for all types of crypto services as it develops a firm presence in the fastest-growing industry.
The platform is renowned for its contributions to the DeFi sector and crypto ecosystem through its native token launch platform, Binance Launchpad. Binance Launchpad also assists emerging crypto sites in raising funds through IEOs.
Binance Launchpad is considered the first successful example of a crypto launchpad.
Based on Polkadot, Polkastarter premiered in December 2020. Polkastarter allows crypto projects to build their own decentralized and interoperable token pools effortlessly. It provides investors with a trustless means to acquire access to additional money.
SuperStarter is SuperFarm’s crypto launchpad. For the uninitiated, SuperFarm is a cross-chain DeFi protocol based on the Polygon platform. It allows projects to install NFT and crypto farms with specific incentives and controls.
Staking, governance, NFT drops, fees, and more can all be done with SUPER, the utility token of SuperFarm.
BEX Crypto Bank
This is not a classic launchpad. BEX is a cryptocurrency ecosystem that allows you to implement any solutions including fundraising and tokenization.
Crypto launchpads have altered the way new ventures raise financing and investors engage in token launches.
They bridge the barrier between new ventures and investors and bring the trust element in negotiations. New ventures can raise millions of dollars fast to speed their development utilizing one of these launchpads in 2021.