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Boost Your Crypto Portfolio with the Best and Most Active Launchpads of 2023
As the crypto ecosystem continues to expand and evolve, crypto launchpads are becoming increasingly instrumental in shaping the industry's future. Understanding and selecting the right launchpad for investment or project launch is paramount.
What are crypto launchpads
Cryptocurrency launchpads have emerged as a pivotal decentralized finance (DeFi) ecosystem component. As platforms that host and promote initial decentralized exchange offerings (IDOs) or initial coin offerings (ICOs), they provide a springboard for budding projects to gain exposure, attract interest, and secure the necessary funding. By listing and advertising these new projects weeks before the initial whitelist opens, launchpads allow potential investors ample time to research, ensuring due diligence and drawing in a more informed investment crowd.
The burgeoning popularity of crypto launchpads can be attributed to their manifold benefits to project teams and investors. Investors enjoy early access to investment opportunities, often getting a chance to buy tokens at lower prices before they hit the public market. The risk of falling for scams is significantly reduced as launchpads provide a more secure environment for investments, and the rigorous vetting process ensures that only high-quality projects are listed. On the other hand, blockchain startups find launchpads an easy avenue for fundraising and connecting with early investors.
However, not all launchpads are created equal, and several factors must be considered when evaluating their potential. Firstly, accessibility is key. A good launchpad should be user-friendly, with minimal restrictions on participation and a straightforward interface. Lastly, a launchpad's track record is a testament to its reliability and success. Consider the performance of the projects it has launched, the returns it has provided to investors, and how it has handled any issues or problems.
As the crypto ecosystem continues to expand and evolve, crypto launchpads are becoming increasingly instrumental in shaping the industry's future. Understanding and selecting the right launchpad for investment or project launch is paramount. This article aims to guide you through the leading launchpad projects, focusing on their accessibility and track record.
Best Crypto Launchpad Projects
Binance Launchpad is a token launch platform created by Binance, one of the world's largest cryptocurrency exchanges. It focuses on providing blockchain startups with the knowledge, networking, and resources required to raise funds via an Initial Exchange Offering (IEO). The platform helps projects increase their reach across the crypto ecosystem and offers a full advisory service, benefiting from Binance's insights and experience. To participate in token offerings on Binance Launchpad, projects undergo a rigorous review process to ensure they meet Binance's standards. Factors considered include the project's team, product, and market potential. This vetting process helps ensure that only high-quality projects are featured on the platform.
Binance Launchpad ensures that projects can focus on developing their product and increasing adoption. Before a project is listed on the Binance Launchpad platform, it thoroughly reviews to determine if it meets Binance's standards. Users can participate in token offerings by committing an amount of BNB (Binance Coin) towards a token sale, where their final allocation of the new token is determined by the ratio of their committed BNB against the total committed BNB by all participating users.
Some successful projects launched on Binance Launchpad include Polygon and Axie Infinity. According to Cryptorank, Binance Launchpad has raised $130 Million for projects. These projects have gained significant traction and demonstrated growth after their launch on the platform, attracting more projects and creating a virtuous loop for investors.
The Camelot Launchpad is a platform that provides infrastructure for projects wishing to launch on Arbitrum, a Layer 2 scaling solution for Ethereum. Unlike traditional launchpad models, the Camelot Launchpad allows everyone to participate in upcoming sales without any eligibility requirements.
It currently uses the same fair launch model that launched Camelot but aims to make it fully permissionless and provide more launch models soon. The main objectives of Camelot are to provide the Arbitrum ecosystem with flexibility and control over liquidity, support new protocols launching on Arbitrum, and offer permissionless tools for projects of all sizes.
Using Camelot Launchpad is relatively easy, using a fair auction and price discovery approach.
The offering token and USDC form an Automated Market Maker (AMM) pair, and all participating users deposit into the USDC pool. The price of the offering token for all participating users is determined by the ratio of the pair at the end of the auction.
Camelot Launchpad is considered secure, as it is part of the Camelot ecosystem, which has not experienced any security crisis events.
Camelot Launchpad has successfully launched eight projects on its platform. According to Cryptorank, projects launching on Camelot have raised over $35 million. Some notable projects are Perpy and FactorDao; all eight projects have raised over seven figures.
Avalaunch is a launchpad powered by the Avalanche blockchain, providing interoperable token pools and fundraising for early-stage crypto projects. It aims to help new and innovative projects prepare for launch while focusing on fair and broad distribution. For teams, Avalaunch is built by investors to grow strong communities within the Avalanche ecosystem.
Avalaunch offers projects to informed users aligned with the long-term aims of the fast-increasing application ecosystem. The platform charges fees for its use, but these fees are returned to XAVA stakers rather than being taken by Avalaunch.
Investors and participants must own and stake XAVA tokens in Avalaunch to participate in public token sales. Staking XAVA on Avalaunch comes with more XAVA token rewards, and depending on the amount of XAVA staked, users may receive additional airdrops. According to Cryptorank, projects launching on Avalaunch have raised over $21 million. Some successful launches through Avalaunch are Roco Finance and Platypus.
BSC Pad is the first decentralized Initial DEX Offering (IDO) platform for the Binance Smart Chain Network. It aims to empower cryptocurrency projects with the ability to distribute tokens and raise liquidity. BSC Pad is dedicated to launching projects on the Binance Smart Chain and provides holders of its exclusive token access to pre-sales of projects selected for the launchpad. The platform is designed to benefit all token holders and allows for fair launches, allowing traders of all sizes to participate in new projects.
BSCPad is creating decentralized launches, you can choose between a lottery tier or a guaranteed allocation tier, and if you win the lottery, you get a guaranteed allocation in the first round (Allocation round). The hallmark of the BSCPad is a two-round system that guarantees every tier level an allocation. There are no first come, first serve or bots; only fair distributed rewards for all participants. In Round 1, the allocation round, both lottery (Bronze, Silver, and Gold tiers) and guaranteed tiers (Platinum, Diamond, and Blue Diamond tiers) can participate. In Round 2, any leftover allocations from the first round are distributed among the guaranteed tier holders (Platinum tiers and above) on a first-come-first-serve (FCFS) basis.
According to Cryptorank, projects launching on BSC Pad have raised over $16 million. Some notable projects to have launched on BSC pad are, Qmall, Gamezone and Crosswallet.
GameFi Launchpad is a game-dedicated launchpad designed to launch blockchain-based game projects through Initial Game Offerings (IGO). It aims to connect promising gaming crypto projects with interested investors, using the decentralized venture capital dynamic to enlarge the range of possible contributors and help finance more initiatives.
The platform serves blockchain game players, shareholders, and investors interested in NFT gaming, which operates primarily on a play-to-earn concept. GameFi Launchpad allows investors to have the opportunity to purchase tokens and NFT assets at an early stage of a project before they are made available to the public with higher prices and rising value.
To participate in GameFi IDOs, users must create an account on the platform and stake the $GAFI token. The GameFi ecosystem utilizes a four-tier ranking system based on the amount of $GAFI staked: Rookie, Elite, Pro, and Legend. The Rookie rank requires a minimum of 20 $GAFI staked, offering participation in Initial Game Offerings (IGOs) with an individual maximum allocation of $60. The Elite rank demands at least 100 $GAFI, with a maximum allocation of $300, and each 20 $GAFI staked equals one lottery ticket for IGO token allotment. The Pro rank necessitates a minimum of 500 $GAFI, raising the maximum allocation to $700. Lastly, the Legend rank guarantees allocation and allows participation in exclusive pools but is limited to 12 holders of the GameFi Launchpad Legendary NFT card.
According to Cryptorank, projects launching on GameFI have raised over $7 million. Some notable gainers on their platform are Xana, Sidus and Rebel Bots.
DAO Maker is a launchpad platform that provides fundraising services for new cryptocurrency projects. It allows users to explore the best incubation and non-fungible token (NFT) projects before their official release. The platform is trusted by over 1,000,000 users worldwide and offers various services, including staking, farms, and vesting. The platform uses a decentralized approach to connect new blockchain projects with potential investors, and projects selected for launch undergo a vetting process to ensure they meet specific criteria.
Using DAO Maker is relatively easy, as it is designed to provide a seamless experience for users to participate in ICO, IDO, and IGO projects. Users need to hold DAO tokens in their MetaMask wallet to participate in the launchpad. The platform uses a tier system, and the chance of winning an allocation increases with higher tiers. Some successful projects launched on DAO Maker include Rejuve.AI, CryptoGPT, and MTG. According to Cryptorank, projects launching on DAO Maker have raised over $56 million.
Polkastarter is a decentralized fundraising platform that enables crypto projects to raise funds efficiently through cross-chain token pools and auctions. It is built for interoperability and is based on the Polkadot network. By offering compatibility with multiple blockchains, including Ethereum and Binance, Polkastarter ensures swift and seamless transactions for both project creators and IDO participants.
Polkastarter features fixed swap pools that offer tokens at a predetermined rate and permissionless listings with a rigorous review process for quality and security. Fair access is ensured through whitelisting, and liquidity providers are incentivized through rewards. POLS token holders govern the platform, and it integrates KYC processes for enhanced security and regulatory compliance.
Polkastarter takes meticulous steps to ensure the integrity and quality of all IDOs listed on its platform. Every IDO must undergo a rigorous evaluation process, assessing the project's legitimacy and quality. This transparency also extends to users, who are given comprehensive access to the projects' background information and roadmaps, enabling them to make informed decisions regarding the trustworthiness of the projects. Polastarter has raised over $49 million for projects launching on the platform. Some notable projects to launch on Polkastarter are DFYN Network, Polytrade and Impact Market.
Solster Finance is an ecosystem that allows investors access to the best crypto projects on the Solana blockchain. The Solster Launchpad is designed to facilitate upcoming Solana ecosystem projects to raise funds in a decentralized manner. Unlike conventional launchpads, Solster Launchpad does not have high financial barriers to entering the market and does not rely on first-come, first-served whitelist spots.
The Solster Launchpad fundraising follows a trilogy system marked in three rounds, ensuring guaranteed fund allocation to participants based on the quantity of Solster Tokens they own. In Round 1, all STR token holders who meet staking requirements can contribute over a six-hour period through an Initial Distribution Offering (IDO). Round 2, optional and open to all STR holders irrespective of staking, mandates Know Your Customer (KYC) and whitelisting procedures, with a six-hour window for token purchases. Round 3, dependent on unsold tokens from Round 2, only requires whitelisting, but all rounds adhere to regulations set by IDO projects.
This approach aims to make crypto investment fair and open for everyone while rewarding token holders. In addition to the launchpad, the Solster ecosystem includes staking and lottery platform features. Twenty-one projects have raised $1.7 million on the Solster Launchpad.
FireStarter conducts Initial Metaverse Offerings (IMOs) for projects, which include familiar facets like whitelisting for public pre-sale but focus solely on Metaverse projects. By incubating strong teams and supercharging their launch, FireStarter provides highly sought-after opportunities to eager communities.
Developers can list their DApps on the platform and receive FLAME tokens for user engagement. The FLAME is a utility token that provides access to the FireStarter platform. To participate in Firestarter projects, holders of the $FLAME Token can gain early access through the Firestarter dApp by staking their tokens to establish their tier and allocation amount.
The more $FLAME staked, the higher the allocation. Participants must be whitelisted, which involves KYC procedures, performing specific actions like following social media accounts, locking a specific amount of $FLAME Tokens on the platform or staking a particular amount of FLAME-USDC QuickSwap LP Tokens. According to Cryptorank, projects launching on Firestarter have raised over $1.6 Million.
Bounce is a decentralized launchpad platform that connects new blockchain projects with potential investors. Projects selected to launch on the platform go through a vetting process to ensure they meet certain criteria and are a good fit for the platform's audience.
Users can participate in Initial Token Offerings (ITOs) by staking tokens and engaging with the projects. Bounce works by curating a selection of projects that they believe have the potential to be successful and then offering early-stage token sales to a select group of investors.
Bounce Launchpad offers three types of auctions for participation. In Fixed Swap auctions, transactions are made at a predetermined price, with both parties receiving swap assets simultaneously. Closed Bid auctions automatically fill bids from highest to lowest in the smart contract until all pool tokens are sold. Dutch auctions have a starting price that decreases until all assets are sold. In both Fixed Swap and Dutch auctions, tokens are automatically received regardless of whether the pool is partially or filled.
Some successful projects launched on Bounce include Moma Protocol, NFTb, and Zkchaos. According to Cryptorank, Bounce has completed 17 auctions and has raised over $800,000.
In conclusion, the crypto launchpad sphere is increasingly showing its indispensability in the blockchain universe by aiding in the birth of innovative projects and becoming the cornerstone for their success. A broad spectrum of launchpads, ranging from Binance Launchpad and Camelot to Avalaunch and DAO Maker, including more niche platforms like GameFi and FireStarter, are paving the way for a diverse range of blockchain initiatives.
These best crypto launchpads cater to a wide range of investors and blockchain enthusiasts, revealing the versatility and potential of the crypto ecosystem. They offer a secure, open, and efficient environment for investment activities, reducing risk exposure and ensuring early access to promising crypto projects. As the popularity of these crypto launchpads continues to surge, we can expect to see an even more diverse array of options catering to the ever-evolving needs of investors and project creators.
Moreover, these platforms are successfully demonstrating their capacity for empowering projects with the necessary exposure, funding, and community support while maintaining high security and transparency. As these crypto launchpads grow and establish new partnerships, it will be interesting to see how they evolve and impact the broader crypto ecosystem. Their success so far speaks volumes about their potential and the future of blockchain-based projects. As we watch this space, it is clear that the role of launchpads will continue to be pivotal in the growth and success of the blockchain universe.
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