Decentralized Cryptocurrency Launchpads Reinforces New Coin Platform Compliance And Governance In 2022

4 min read

For Crypto investors and enthusiasts, 2022 will be a pivotal year. Investors anticipate the ‘birth’ of hundreds of new projects on the horizon as has been done in 2021. Among these many upcoming offerings, applications a trend of new platforms known as ‘launchpads, each providing a centralized gateway to their own particular offerings while removing the need for an individual to research and invest in these various blockchain opportunities. Crypto launchpads, also known as crypto incubators, allow blockchain-based projects to raise capital and give access to early-stage token sales. Getting access to early-stage sales means a bargain price for the investors before the public launch on the market. Also, because the cost of launching in a crypto launchpad is low (or insignificant), increasingly more projects are heading towards launchpads for fundraising. Hekuran Gashi provides an overview of what a Crypto Launchpad is, how it works and why companies like his use it.

Specifically, launching through a prestigious launchpad provides new founders with access to the crypto community, and investors ready to invest in new projects. When it comes to launching new projects based on blockchain technology, these top crypto launchpads have you covered. Here is a brief overview of each and why they’re the best.

What Is A Crypto Launchpad And How Does It Work?

Early joiners of successful projects always benefit the most. Because they stick with the project from the bottom, they deserve to enjoy the fruits of success. A crypto launchpad is the best place to find a project in its early stage.

a launchpad

The number of cryptocurrencies keeps rising on a monthly basis. As of November 2021, Statista confirms that there are over 7500 cryptocurrencies on the market. However, with the rise of the coins, has also come the rise of crypto scams. According to the Independent, crypto scams in 2021 have risen by more than 30% compared to just a year prior. That’s when a trusted crypto launchpad (such as BullPerks) comes in.

In this article, we will go through what is a crypto launchpad, how it works. We will also discuss the top crypto launchpads on the market.

Because the crypto industry is expanding tremendously and plenty of projects are depending on the decentralized world to raise capital for their projects, 2021 has presented us with a generous number of newborn crypto launchpads.

Crypto launchpads, also known as crypto incubators, are platforms that allow blockchain-based projects to raise capital while giving access to early-stage token sales for their group of investors. Getting access to early-stage sales means a bargain price for the investors before the public launch on the market. Also, because 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 offers security to both founders and investors. Top crypto launchpads have a rigorous vetting process for new projects, while a KYC (Know Your Customer) process is usually performed by a third party as part of new users’ verification.

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.

When it comes to incubating new projects based on the blockchain, these top crypto launchpads lead the way. Let’s go briefly through how each of them works, and their best features!

BSCPad 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 stands apart from other launchpads due to its now-famous “two-round allocation model”. The model offers guaranteed allocation per Tier, which investors can purchase in the first round, while any leftover from the round will be sold on an FCFS (First Come First Serve) model in-between the BSCPad users on the 2nd 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.

BullPerks 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. The developing and marketing team of the platform have numerous years of experience in building, promoting, and expanding various tech and crypto-related startups in the past.

BullPerks is fully dedicated to catering to its community’s needs, providing a safe launchpad for projects and great investment opportunities for investors. BullStarter’s fully decentralized nature offers a transparent 6-Tier system, aiming to provide each investor with a fair share of allocations.

The official token of the platform, $BLP, is based on the BSC Network and is used for upgrading the Tier through locking, staking, or farming (the two latter ones will also earn you rewards).

TrustSwap is a decentralized launchpad and protocol based on the BSC Network. The platform operates under its native token, $SWAP, that 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.

TrustSwap was founded in Canada in mid-2020, and its main goals include making smart contracts mainstream and empowering “customizable transactions” in decentralized finance (DeFi), and the whole crypto world.

DuckSTARTER 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, including the upgrading of Tiers.

Once a team passes the vetting process of the platform, DuckSTARTER supports them with marketing and professional advice for organic and solid growth.

WeStarter is a cross-chain token initial swap protocol based on the HECO Network. The platform was launched in the 1st Quarter of 2021, and it 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.

By supporting multiple blockchains, WeStarter plans to cater to the needs of IWO (Initial Wallet Offering) for most blockchain assets, and the investment demands of its investors. Up until now, the platform has launched a total of 16 projects, with more than $1 billion IWO volume in total.

Crypto launchpads act as a bridge between investors and startups — startups get access to the needed fund for the development of the project, while early investors get access to early-stage deals. Let’s go through this scenario in more detail:

  • Projects — By launching their projects through a launchpad, 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.
  • Investors — Early investors (especially in VC deals) tend to get tokens at a way better price compared to when the token launches on the public market. Like in the CryoWar deal on BullStarter where the price skyrocketed by more than 120X from the initial rate.

Launchpads have grabbed the mainstream in the past few years, benefiting both startups requiring funds and crypto investors. Crypto launchpads connect interested investors with tokenized projects before they hit the market, offering a bargain price per token.

Also, a vetting process, which top launchpads perform, prevents the launching of a rug-pull or projects without intrinsic value, providing security for their community of investors.

Via this site: What Is A Crypto Launchpad And How Does It Work? | by Hekuran Gashi | Dec, 2021 | DataDrivenInvestor