Kamal Swami

Crypto Launchpads – A Guide: Their Benefits and Types

In the fast-growing market of cryptocurrency, every year, new projects are launched by developers aiming to bring fresh ideas to the market. To extend these ideas, they need investors — and investors, in turn, are always looking for the next big opportunity. To make all these activities simple and easy to operate, Crypto launchpads have emerged as an effective platform. They are platforms where founders and investors meet, share ideas, and work together to build successful blockchain projects.

A crypto launchpad is a website or platform that helps new blockchain projects raise funds and attract investors. The Launchpad provides a robust platform to project creators for extending their ideas to investors, often at little or no cost.

For investors, launchpads are a great way to get early access to new tokens before they are available to the public. This means they can buy tokens at a lower price and may earn huge profits if the project performs well later.

To use the launchpads, the users usually need to sign up, complete KYC verification (a simple identity check), and then browse through the list of available projects. After that, they can check project details like launch dates, token prices, and investment options.

Each crypto Launchpad is different from others in terms of its functioning. The main types are:

• IDO (Initial DEX Offering) Launchpads

These launchpads help projects launch their tokens on decentralised exchanges (DEXs). The buyers can immediately invest in these tokens after launch, which increases liquidity. Investors often use coins like BNB or ETH to buy tokens through a lottery or auction.

• IEO (Initial Exchange Offering) Launchpads

These are managed by big crypto exchanges such as Binance. Every project undergoes a detailed review process before being launched. This increases the faith of investors in the project and makes them feel more confident about their safety and reliability.

• ICO (Initial Coin Offering) Launchpads

These were the first type of crypto fundraising platforms. They enable investors to purchase tokens that may hold value or utility within a project. However, ICOs are less regulated, so investors need to be careful and do research before investing.

Crypto launchpads are beneficial for both project creators and investors:

• Helpful in raising the funds quickly

They help projects in raising funds quickly and launch crypto faster.

• Global Access

Anyone from across the world can use these launchpads.

• Marketing Support

Many launchpads provide a strong platform to promote new crypto projects to larger communities.

• Guidance and Compliance

They assist founders in following legal and crypto regulations.

The working of crypto launchpads is explained as follows:

• Project Review

Each project is checked carefully to ensure it’s authentic and has good potential

• Fundraising Setup

Tokens are sold either at a fixed price or through an auction

• Marketing Help

The platform helps promote the project before and after its launch

• Token Distribution

Once the process of raising the funds is complete, investors receive their tokens listed on exchanges for trading

The popular launchpads for crypto are

• Binance Launchpad

A well-known platform that has helped raise over $180 million for 90+ projects

• Polkastarter

A decentralised platform that supports multiple blockchains like Ethereum and BSC

• Cardstarter

Built on Cardano, offering added safety through an insurance fund

• Seedify

Focuses on blockchain gaming, NFTs, and Web3 projects

• BSCPad

Based on the Binance Smart Chain, known for its fair token distribution process

• KuCoin Spotlight

Known for its strict project screening, it has raised over $48 million

• GameFi

Specialises in gaming, NFTs, and Metaverse projects

Crypto launchpads have changed the way blockchain projects find investors and raise money. They make the process faster, safer, and more transparent for everyone involved. With their growing popularity and global reach, launchpads have become an important part of the crypto world, helping both creators and investors in exploring new opportunities.