IDO Launchpads: Token launches are one of the most critical events in the crypto sector. Getting it right says a lot about whether or not a project will succeed. However, there have been various challenges and flaws in determining the best platform to launch a token and properly raise funds.
The ICO (Initial Coin Offering) concept was one of the first token launch models used. It was initially used in 2013 and gained popularity around 2017. The ICO model was initially effective but quickly became unfeasible and unorganized. Several people lost money to fraudulent projects like Bitconnect, and the entire ICO “Trust system” collapsed.
There were various additional token launch models following the ICO buzz, such as Initial Uniswap Listing and Balancer Liquidity Bootstrapping, which had that hype for a while.
However, token launch models have changed significantly in recent years, with Initial DEX offering (IDO) restoring “lost” faith in crypto funding methods. This article will look at IDO Launchpads and how they’re the most efficient and effective way to fund cryptocurrency projects.
What Is An IDO?
An initial DEX offering (IDO) is a successful token launch mechanism in which a cryptocurrency project raises capital via a decentralized exchange. Before launching their project, crypto startups solicit funds from individual investors rather than the typical investment route from Venture Capitalists during an IDO.
IDOs were created as a superior fundraising method in the blockchain realm. The Initial DEX Offering (IDO) is an entirely self-organized, decentralized methodology for obtaining funding for blockchain initiatives. Furthermore, IDOs offer various advantages, such as decentralization, immediate liquidity, and cheaper listing fees, making IDOs accessible and available to anyone. In essence, IDO launchpads have been critical in streamlining IDO processes for DeFi startups.
What is A Crypto Launchpad?
The concept of crypto launchpads, also known as crypto incubators, is a form of platform that enables blockchain-based projects to raise capital while providing investors with access to early-stage token sales. On top of the launchpads infrastructure, projects can easily set up and distribute tokens for the investors who invested through the launchpad. The early-stage sales give investors a chance to make money before the public launch. In addition, since the cost of launching on a crypto launchpad is relatively low, there is a significant amount of crypto projects that are heading towards launchpads for fundraising. Investing through a crypto launchpad is becoming very popular these days and will continue to grow in the next few years.
IDO Launchpads You Can Easily Invest Through:BSCpad
BSCpad is the first decentralized IDO platform wholly dedicated to Binance Smart Chain (BSC) initiatives, benefiting all token holders and enabling fair launches, allowing traders of all sizes to engage in the network’s most promising DeFi projects. The BSCPad is working on a decentralized launch platform that will enable investors to select between a lottery tier and a guaranteed allocation tier. Investors will be guaranteed a position in the platform’s two-round IDO mechanism if they win the lottery. The BSCPad intends to make it easier to support crypto and DeFi initiatives. BSCPad has devised a solution to the fundamental problem of first come, first served by allowing automated bots to fill whitelist slots in existing launchpads swiftly. The BSCPad is distinguished by a two-round procedure that ensures an allocation to each tier level. As a result, there are no first-come, first-served, or bots; instead, all participants receive equally dispersed rewards.
SkyLaunch
SkyLaunch is an IDO platform that intends to break away from the traditional paradigm of IDO launchpads as solely a fundraising model by providing all necessary support, tools, and resources for projects listed on its website before and after the IDO. SkyLaunch’s business model, on the other hand, is more analogous to an IDO accelerator, as it was intended to ensure that projects would be successful when their IDO round was completed.
SkyLaunch assists blockchain startups in need of a platform to host their first IDO with product development, information security, law, finance, project marketing, and other services. The platform addresses the critical concerns that must be addressed if a project is to have a successful IDO and remain successful. SkyLaunch also goes above and beyond after a successful IDO round by giving post-IDO support. Projects who do their IDO on Skylaunch have access to a diverse group of experts that will guide and assist them in developing their projects. SkyLaunch is backed by the Synergia Capital VC fund, a prominent VC firm with a track record of successful blockchain companies.
TrustSwap Launchpad
The TrustSwap Launchpad is a full-service IDO launchpad where users can easily access and invest in the most promising crypto projects. Thanks to its dedicated community, TrustSwap allows users to stake 4000 SWAP tokens, the platform’s native token, to get in early on potential projects. TrustSwap’s revolutionary SmartLocks solution assists launchpad projects in maintaining their integrity and transparency. SmartLocks technology also helps teams and early investors safeguard and securely lock tokens.
A project launched on the TrustSwap Launchpad is subjected to a series of screening stages before approval by a panel of blockchain experts.
Furthermore, by securing liquidity, TrustSwap Launchpad aids in the prevention of rug pull and token dump after launch. The clarity of the vesting schedule of the projects considerably minimizes the possibilities of token dumping and rug-pulling, both of which have damaged token prices. Furthermore, the first 20% of each stakeholder’s allotment is released at launch, with the remainder released hourly.
IDO: Conclusion
IDO launchpads have revolutionised how crypto fundraising works by assisting blockchain initiatives and re-establishing “lost” faith in crypto fundraising methods. In addition, innovative IDO launchpads, such as Skylaunch, appear to be adequately positioned to provide pre and post IDO support, as well as a variety of ground-breaking proprietary tools, to the next generation of crypto projects.
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Source: https://beincrypto.com/ido-launchpads-the-easiest-way-to-invest-in-new-crypto-projects/