How Do Crypto Launchpads Work?
A token crypto presale sale on a launchpad uses a blockchain-based approach for regular investors to invest in early stage crypto projects, by ensuring a fairer distribution of tokens across the board. This is because blockchain enables greater transparency through closer tracking of token allocation. This kind of opportunity was only previously available to venture capitalists (VCs) and other institutional investors.
With crypto launchpads, even regular retail investors have an opportunity to invest in a promising project at a low price, before it launches publicly and prices shoot up. This fairer distribution of tokens also protects crypto projects from sudden price depreciation due to pump and dump schemes that whales are normally guilty of.
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What Are the Best Crypto Launchpads?
Launchpads organized by centralized exchanges such as Phemex have emerged as a popular choice, as they combine the best of both worlds–DeFi capabilities as well as user security and convenience. This is because centralized exchanges conduct thorough due diligence to safeguard against scams and rug pulls. In addition, centralized exchanges offer a one-stop platform for users to buy, stake and trade tokens, as long as they have an account with that exchange.
Crypto launchpad list
In addition to launchpads supported by exchanges, here are a few other decentralized crypto launchpads offering similar services:
Polkastarter: Polkastarter is a decentralized exchange based on the Polkadot (DOT) crypto airdrop blockchain for token pools and auctions. It’s a crypto launchpad designed with many familiar auction systems such as sealed-bid auctions, dutch auctions, and also dynamic and fixed ratio swaps. Like other top launchpads, it also features a password-protected private pool, whitelisting, smart contract token swaps, and price notifications.
TrustSwap: TrustSwap is another decentralized launchpad and protocol, founded in Canada in mid-2020. It strives to popularize smart contracts and empower “customizable transactions” in DeFi as well across the entire crypto space. The platform’s native token, SWAP, offers next-generation multi-chain swaps and other functionalities pertaining to splitting payments and subscriptions. Its Smart Swaps feature enables users to turn any token into an ERC-20 token in order to access more DeFi DApps.
WeStarter: WeStarter is a cross-chain token initial swap protocol based on the HECO Network, established in early 2021. One of its highlights is that it supports the initial exchange of projects based on BSC, Ethereum, and HECO. By supporting multiple blockchains, it can fulfill the needs of Initial Wallet Offering (IWO) for most crypto projects. IWO is a crowdfunding technique where crypto wallet users directly participate in the new project’s crypto presale and possibly enjoy the benefits of high transaction speeds and zero gas fees. To date, WeStarter has launched a total of 16 projects, with over $1 billion IWO volume in total. In the future, the platform plans to add Polkadot (DOT), Avalanche (AVAX), and other public chains into its ecosystem.
BullPerks: BullPerks is a decentralized VC and multi-chain crypto launchpad that highlights transparency and follows a community-dedicated approach. The platform applies a transparent 6-tier system to render its users a fair share of allocations. Users can join BullPerks’s crypto pre-sales by locking or staking the platform’s official BLP tokens.
The number of BLP tokens locked corresponds to the user’s tier in the platform. The launchpad reviews the level and number of tokens every two months according to the price performance of the crypto project. This process lowers the barriers for users to move between tiers while allowing new users to join the platform. Users can use the BLP tokens to upgrade their tier via locking, staking, or farming to earn rewards.
The Qube Launchpad: The Qube Launchpad is a crowdfunding platform designed for DApps. It aims to tackle the shortage of quality crypto launchpads in the crypto sphere, which has hindered early investors from getting into the whitelists. A whitelist is a list of identified investors that are allowed to participate in a crypto presale. The Qube Launchpad offers simplified entry and fair selections to solve this drawback. It also plans to deploy on multiple chains, including Polygon (MATIC), Avalanche, and so on.
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Conclusion
Crypto ico calendar launchpads have become one of the main crowdfunding models in the crypto world, benefitting both new projects and investors. On the one hand, launchpads offer new projects the funds and exposure they need. At the same time, they help investors access a group of promising crypto projects and early-stage token sales. In addition, the vetting process associated with top launchpads helps safeguard investors from potential crypto frauds and scams.
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