How Launchpads Will Impact The Future of Crypto
December 07 2021 - 1:04AM
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As more people use Cryptocurrency to diversify their investment
portfolio, there has been a marked increase in the number of
investors that have turned to launchpads to further their chances
at success when considering where to invest or not. . Launchpads
have been around for a while and have established themselves as
important players in the crypto and blockchain industries. They’ve
progressed to the point where many tokens use them as part of their
main strategy to achieve market success and growth. To better
understand how launchpads will impact the future of crypto, one
needs to understand the following: What is a launchpad? How do they
function? What influence will they have on the future of
cryptocurrency? Launchpads Platforms are critical in the crypto
space. There is always a need for a platform to launch new coins
and crypto projects – these are called launchpads or IDO’s. Crypto
launchpads have garnered attention due to the loopholes in the
previously existing crypto investment system, as these launchpads
enable investors to spot early-stage cryptocurrency projects and
participate in pre-sales, often with lower prices. How Launchpads
Work Launchpads work as a filter for people to select the “best” or
“better” projects that have gone through some form of the vetting
process by the launchpad. Direct access to crypto projects and
crypto investment is what makes these platforms so sought after.
They have received the project proposals, filtered them for the
users, and then listed them to their website for further bidding.
Many launchpads have a priority system in project distribution.
Large shareholders get the guaranteed project share; however,
smaller shareholders must go through a lottery system. Launchpads
provide tokens to their subscribers, and they can invest these in
any crypto project listed on the launchpad. How Launchpads will
Impact Crypto in the Future Previously, there was a lot of fear for
scammers and trust issues about crypto, all of which posed a huge
hurdle in the growth of crypto projects. Scammers caused a number
of challenges for investors as well as for genuine crypto project
owners. Launchpads have entered the market to better serve the
people and their growing demand to refine the selection of
thousands of projects; although launchpads are also a form of the
crypto project due to their name recognition and trust, they are
used as a filter to effectively separate scams and genuine crypto
projects for both investors and the project owner. As mentioned,
crypto launchpads are reducing risks and increasing opportunities
for investors and project owners. Regular investors now have access
to previously unavailable opportunities traditionally reserved for
venture capitalists and other large-scale investors. More users are
looking to and making use of launchpads and investing in the
businesses due to the security and accessibility provided by these
launchpads. Now anyone can buy tokens, for any amount, with the
sense of security from scammers and guaranteed results. Going
forward cryptocurrency is likely to see a much larger number of
investors, as the growth of crypto leads to an increase in token
prices and competition. The biggest benefit is that investing
should be easy and safer due to these launchpads. Crypto launchpads
have been shown to improve over traditional fundraising approaches,
which the insider community has mostly ignored. However, many
launchpads platforms have many rooms for improvement that can be
considered, for example, guaranteed investment for everyone,
increasing transparency, and ensuring everyone can get a space for
investment. Best Crypto Launchpads Below is a list of some top
crypto launchpads with unique features and facilities. Each
Launchpad has its pros and cons, which users have to consider
according to their requirements. We have gathered a few of the top
launchpads for your reference. BSCPad ADAPad ShibaPad Unicrypt
Polkastarter Starpunk Binance Launchpad Polkastarter DAO Maker
Seedify GameFi An example of a successful launchpad is BSCPad,
which acquired similar aspects to Shibapad by empowering crypto
projects, and the power of token distribution which lead to
funding. BSCPad started at $0.022 and at its all-time high, reached
$6.87, a 31,227% increase. Another launchpad that can be referenced
is ADAPad. ADAPad is similar to BSCPad but it is the first
deflationary launchpad for the Cardano ecosystem. ADAPad started at
$0.004 and hit an all-time high of $1.23 – a 30,750% increase in
price. Let’s take a closer look at ShibaPad. ShibaPad is a
meme-friendly, community-based launchpad, with the aim of getting
the attention of every meme-lover on the Binance smart chain. In
view of the launchpad’s ideals of reliability and trustworthiness,
the Shibapad team has produced a launchpad that is controlled and
managed by the community itself (the same community that strives to
invest) with the possibility to apply and contribute to the
launchpad by voting for and holding the $SBP token. It is the
platform’s first governance token, which is currently in its early
stages and will provide a secondary income stream through staking.
Token Holders will be able to stake $SBP for the opportunity to
earn $SBP. Also, it comes with a governance feature that lets token
holders vote on important issues by escrowing tokens. Top holders
of the project will get Gen1 NFT airdrops, and the portion of their
$SBP will determine the launchpad levels. Launchpads brought new
life to the world of cryptocurrency. It provides opportunities to
regular investors that were once only for venture capitalists and
high-net-worth individuals. Launchpads have become a bridge between
investors and projects, decentralizing the world of investment
opportunities. The rise in the use of launchpads has created a
considerable shift in the cryptosphere, making investments easier,
faster, and more reliable.
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