Cryptocurrency is considered the dawn of the modern world. It can be called a revolution because it ensures people’s financial freedom. However, before entering the cryptocurrency market, certain steps need to be completed. These methods are primarily used for fundraising. This process has been ongoing for more than a decade. Among these, the most popular are ICO (Initial Coin Offering) and IEO (Initial Exchange Offering).
Meanwhile, a new method of fundraising has emerged, known as IDO (Initial DEX Offering). This method has also been able to address some of our issues.
What are crypto launchpads?
When a new token or currency enters the market, it helps maintain a strong position and in some cases, ensures the security of the coin. Not only that, but it also organizes crypto coins and delivers their tokens to investors in a regulated manner. These launchpads typically work with ICOs, IDOs and IEOs.
Coin founders need to convert a portion of their coins into Ethereum or another widely used coin and deposit it with the launchpad. After that, regular buyers can collect or sell the coins.
Additionally, crypto launchpads conduct strict monitoring, regular project evaluations and credibility checks to ensure users can buy and sell their coins seamlessly. They function similarly to regular money exchanges.
Types of Crypto Launchpads
- ICO (Initial Coin Offering): ICO is one of the oldest and most popular methods for fundraising in the crypto market. Here, companies offer their coins through Bitcoin, Ethereum or other tokens. However, the disappointing aspect is that due to the lack of regulation in the crypto market, many scams occur. As a result, many people are now hesitant to collect tokens through ICOs.
- IEO (Initial Exchange Offering): IEO was primarily developed to address the issues of ICOs. In this method, tokens are sold through specific exchanges, which thoroughly vet the tokens before listing them. Users can easily collect tokens using these exchanges.
- IDO (Initial DEX Offering): IDO is a method built on the principles of blockchain. Like IEO, IDO (Initial DEX Offering) operates without intermediaries. Here, users can easily sell their tokens and if desired, trade directly from their wallets.
- INO (Initial NFT Offering): INO offers NFTs. Currently, creating, buying, and selling NFTs in Metaverse crypto projects has become very easy. INO has made these projects even more accessible to users. It is also a fundraising method for NFT platforms.
- IGO (Initial Governance Offering): IGO (Initial Governance Offering) is managed through its DAO (Decentralized Autonomous Organization). Tokens are distributed among participants in IGOs. Decisions made through on chain governance influence the token prices.
Best Crypto IDO Launchpads List
DAO Maker is somewhat different from traditional DAO launchpads. It primarily focuses on consumer centric startups. There are numerous retail or small scale investors here. DAO Maker strives to keep investors funds risk free. If someone wants to launch a project using DAO Maker’s IDO platform, it seamlessly integrates with other platforms such as 1inch, Wanchain and Ronin.
The most attractive feature of Seedify is that it allows users to invest in a coin before it is listed. Anyone can submit their ideas or projects here. However, not all submissions are approved, only those deemed eligible through community voting can raise funds via IDO. Good news for newcomers is that Seedify provides new projects with an easy opportunity to promote themselves.
BullPerks is a dependable IDO platform in the crypto market, providing comprehensive support for major blockchains such as Binance Smart Chain, Solana, Cardano and the widely recognized Ethereum. Since 2022, it has assisted over 60 projects in successfully raising funds, making it one of the top crypto launchpads.
It employs a 6 tier system , where users tiers are determined by the amount of native BLP tokens rhey lock.
BullPerks also serves as a thriving blockchain innovation hub, supporting the development of gaming projects by facilitating investments and exposure in the crypto space.
GamesPad is an IDO launchpad established for crypto gaming, NFTs and the metaverse. It plays an effective role across multiple blockchains. By collaborating with top projects on Ethereum, Binance Smart Chain and Polychain, GamesPad prioritizes investor access to its IDO platform.
Regarding security, it provides users with the highest level of protection. Their NFTs are expected to offer whitelist opportunities in upcoming crypto projects through IGOs.
Polkastarter is a leading platform for decentralized fundraising. It is designed to support cross chain token pools and bids, allowing use in an open source manner without requiring permissions. In simple terms, it is undoubtedly an open source platform.
To ensure the safety of users funds, Polkastarter keeps token prices stable during the sale period until the initial supply is sold. To list an IDO, community members must provide liquidity or hold a specific amount of POLS tokens in their wallets. A delightful fact is that in 2020, they raised $500 million in funds and distributed it among users.
Conclusion
In today’s article, we have discussed in detail what a launchpad is, how it works, how many types of crypto launchpads exist in the market and how they function. We have also provided you with information on the best crypto IDO launchpads. Additionally, we have discussed the workings and features of these launchpads. Therefore, I hope you have read the article attentively and learned from it.
In this era of cryptocurrency, if you lack knowledge about crypto, you will be left behind in many ways. That is why various information about cryptocurrency. We will meet again next time with another topic. Until then, stay well and stay healthy.