If you’re looking to invest in a new crypto project, the official crypto launchpad is the best place to start. Crypto launchpad allows you to invest in a project that is still in the early development stage.
As a investor, you have to make sure that you’re not putting money into a scam, therefore official crypto launchpads like this on the list are the best way offers you a platform to do that, and you can even do it in a decentralized way. The crypto market has seen the rise of DEXes and launchpads in recent times, and with that, you can find many projects that are actually doing the right thing by the crypto community.
Crypto fundraising has gained popularity because of increased access to a larger pool of investors, and of course the lower entry barriers.
Crypto launchpad is assisting projects in raising capital on their platform via offerings such as initial coin offerings (IDOs).
The vetting process takes into account the project’s development roadmap, potential for widespread adoption, the team behind it, and the project’s benefits to the crypto ecosystem.
On the completion of the process, the launchpad decides which few project would be featured on their platform.
There has been few advantages of using IDO launchpad like gaining access to a sizable pool of investors and potential projects and much more secure ecosystem, where both startups and investors have huge benefits from the launchpad.
Startups have amazing opportunity to present their project all over the globe, and the only barrier to entry is the vetting process.
On the other hand, the investors gain early access on variety of projects on single platform, which benefits them in buying the tokens on much lower prices.
Thanks to the verifications of the projects, the investors are now protected from scums and from loosing their money. Launchpads eliminate the possibility of rug pull scams, in which startup founders defraud you of your money and then vanish, also the prices for launching a project are not high.
There have been numerous launchpads in the recent years, I’ve compiled a list of most well-known on the market and my conclusion is that the best crypto launchpads are:
BoostX is the only platform that allows investors to invest in DeFi projects on multiple blockchains. It selects cryptocurrency projects on variety of blockchains like, Polkadot (DOT), Ethereum (ETH), Binance Smart Chain (BSC), Avalanche (AVAX) and Terra ( Luna).
Polkastarter was launched in October 2020, and ever since has reached around 200,000 investors. The startups have a chance to raise substantial amount of money, as the launchpad enables them to do decentralised auctions.
The protocol launched on Polkadot network, Polkastarter is live on the Ethereum, Kusama, Polygon, Solana, Celo, Avalanche and Binance Smart Chain networks. According to project’s roadmap, more features are planned in future.
POLS token holders will be able to vote on product features, token utility, types of auctions and even decide which projects get to be featured by Polkastarter.
Popular projects that have raised funds via Polkastarter include Wonder Hero, Ethernity, Convergence, WilderWorld Blockchain Cuties and HighStreets, with almost $46m raised capital.
Binance is the world’s largest cryptocurrency exchange in terms of trading volume and number of users. Binance was among the pioneers of the IEO process, launching its launchpad platform to help new crypto projects raise money from token sales. Binance launchpad was launched in 2019 and with over $135m value funds raised, it was first example of successful crypto launchpad. They offer tokens and provide mentorship and marketing for startups.
As with the majority of its products, Binance incorporated its native token, BNB, into the token sales process. Interested participants hold BNB in the days leading up to the token sale, while payment for the newly purchased tokens must also be made in BNB at the end of the subscription period.
Projects that have successfully raised funds on Binance’s Launchpad include Polygon (MATIC), Perlin (Perl), Kava Labs (KAVA), Axie Infinity (AXS), WazirX (WRX), FC Barcelona fan token (BAR), Anchor protocol (ANC) and many more.
Kucoin’s version of the Binance launchpad called Spotlight gives investors early access to projects that subsequently get listed on the exchange. The process isn’t much different, with users needing to hold Kucoin’s native token, KCS, to participate in the token sales. Users will have to lock their KCS in the days leading up to the sale, and then sign back into their account during the activity to make the purchase. Kucoin has organised ten token sales on it’s launchpad with the most notable projects including Chromia (CHR), Trias (TRY), Bitbns (BNS), Coti (COTI). While the returns on Kucoin Spotlight projects are not as explosive as Binance’s, investors have made a decent return from participating.
GameFi is an e-sport ecosystem that includes fantasy gaming, betting, lottery, PVP games, and NFT marketplace. GameFi is aiming to become a global platform where users can interact with players and play games without any restriction from any country. The only game-specific launchpad, designed to be chain-agnostic.
MakerDAO is a popular lending and borrowing decentralised application built on the Ethereum blockchain. In 2019, the MakerDAO project launched its Launchpad, allowing upcoming projects to sell ERC-20 tokens to interested investors. To get an allocation for token sales, users must lock the project’s native token, DAO, in a vault on their account.
The token sale process could happen in two ways, including Strong Holder Offering (SHO) and SEED (special seed rounds through which investors can increase their allocations). SHO targets all holders of the DAO token while SEED seeks to allow more people to participate in the fundraising. Several projects have reportedly raised a $40M combined on the Maker DAO pad, which includes Elrond Network, My Neighbor Alice (ALICE) and Orion Protocol (ORION).
Other notable Crypto Launchpads are PancakeSwap, Biswap, Bounce, Seedify, TrustPad and others.