Lauchpad: Choosing the right one for your web3 startup
As the interest in cryptocurrencies has been rising for a few years, so does the interest of investors. The increased popularity of the industry has led to the acceptance and adoption of investors as well as entrepreneurs. And since the best way to benefit a crypto project is to find it early, the emergence of crypto launchpads might be the best way to discover great projects in their early phase! As the number of projects keeps increasing (+ 7500 cryptos on the market at the end of 2021), it’s even more difficult for investors to find good projects and inversely for developers to attract investors and raise liquidities … Let’s start with the basics!
What is a launchpad? 🧐
To launch new crypto projects, developers need both liquidities, and visibility to attract early investors. Crypto launchpads are platforms allowing blockchain-based (ie crypto / NFT / DeFi) projects to promote early-stage tokens and raise capital by finding new investors. The deal is interesting for both sides since investors can have access to early-stage sales with generally low prices and discover promising projects with high potential returns on investment. Most crypto launchpads offer rigorous checkings and perform KYC (know your customer) processes to ensure more security about the new project. Finally, they help provide founders access to a big community of investors and crypto enthusiasts willing to explore new projects…
You got it, launchpads present several advantages in the crypto ecosystem: capital and exposure for founders!
They managed to become really popular and drive thousands of projects every month, benefiting both startups needing funds and investors. They are also a pledge of security since the vetting process of top launchpads ensures high-quality levels and prevents any rug pull or scam. Moreover, potential profits on crypto projects are earned thanks to this simple rule: the earlier seems to be the better… Since the market is still really volatile, it’s sometimes difficult to identify upcoming DeFi projects and tokens early. That’s why launchpads are very popular, especially IDOs.
How to find and contact new launchpads (for founders) 🕵️♂️
Launch pads are usually easy to find. A simple Google search will detect and list new launch pads. Most launch pads offer a form to submit project details and capital requirements.
Some famous launchpads:
The BSCPad platform provides cryptocurrency projects with a means to distribute tokens and raise liquidity. It is a platform for fair, decentralized launches. BSCPad aims to be the next generation of blockchain launchpads that addresses the issues with staking. Existing launchpads face a challenge due to an underlying problem, acquiring enough tokens to participate in the ecosystem is prohibitive, and even if you stake the tokens, the allocation spot is never guaranteed.
PolkaStarter is a very popular launchpad known for high-quality projects and great investment opportunities. The platform offers 2 ways to invest
Public pools: first come first served, you don’t need any POLS to access the pools, just be among the first to get the opportunity to invest.
Lottery: for members owning 3000 POLS during 7 days before the IDO, it’s possible to take part in a liquidity program.
DuckDAO is a community-backed incubator powered by the world's largest network of engaged investors in the digital asset ecosystem.
Seedify is a Blockchain Gaming focused Incubator and Launchpad. It’s an innovation hub providing both a decentralized incubator and a launchpad with a DAO Driven seed-stage fund. A great launchpad to empower innovations in the ecosystem, supported by a strong governance-driven community…
TrustPad is another safe multi-chain fundraising platform, providing users a full experience to execute, learn and earn from the ecosystem.