The crypto space is rising as more people flock to the industry. The trend is indicative of the acceptance of crypto and its value in the eyes of keen investors. The popularity of crypto paves the way for many important investor-friendly innovations, which accelerates crypto acceptance and adoption on a global scale.
One such innovation is the crypto launchpad. As we progress, crypto launchpads become the backbone of the decentralized finance ecosystem. It gives a platform for small and large crypto projects access to various investors wanting to find the next big thing worth their time and money.
We examine what crypto launchpads mean and what benefit they could be to the crypto ecosystem.
What is Crypto Launchpads?
Also known as crypto incubators, crypto launchpads are unique platforms that assist blockchain-based projects in taking off. Such platforms act as fundraisers for any crypto project. Additionally, they give a group of investors access to token sales in the early stages.
This access ensures that investors can achieve bargain prices on sales before they become publicly available.
Launching anything on a crypto launchpad involves buying tokens at low fees, which is an advantage for investors, signifying low investment costs. As a result, many projects approach crypto launchpads to raise necessary funds.
Besides, crypto launchpads safeguard investors and get more capital by screening out scams or rug pulls.
Different Types of Crypto Launchpads
1. Initial Dex Offering (IDO) Launchpads
Initial Dex Offering (or IDO) is a decentralized crowdfunding platform that is a relatively new way of raising funds in the crypto industry. Usually, this kind of fundraising is done by swapping tokens representing various assets hosted on a decentralized exchange (DEX).
IDOs offer businesses a tool for engaging their communities in an economy that enriches their products and services while allowing them to make smart business decisions regarding their assets.
2. Initial NFT Offering (INO) Launchpads
The Initial NFT Offering (INO) launchpad is a new cryptocurrency crowdfunding mechanism. It is based on the same fundamentals that involve offering a set of limited NFTs for sale. INO involves offering a set of NFTs on launchpads or marketplaces for sale to public investors.
3. Initial Coin Offering (ICO) Launchpads
Initial Coin Offerings (ICO) is an ingenious approach to raising funds using cryptocurrencies. Usually, investors engage in Initial Coin Offerings with the hope and expectation that the digital token (or coin) and its corresponding company will be successful.
4. Initial Game Offering (IGO) Launchpads
Despite not being very popular, Initial Game Offerings Launchpads are platforms hosting Initial Game Offerings (IGOs), gaming metaverses, P2E projects, in-game utilities, and marketplaces for trading gaming/metaverse NFTs. Some IGOs include Game starter, Enjin Starter, and PlayPad.
Takeaway
Crypto launchpads play a significant role as a bridge between investors and developers to develop a project. Startups need good funding for next-stage project development, while investors have access to some sweet early-stage deals.
These launchpads basically allow many projects to be created often, and most rely on a decentralized world to raise income for their projects.
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