Inventory of four noteworthy crypto launchpads: Polkastarter, Red Kite, Thorstarter, Binance Launchpad
ChinaDeFi
2021-11-29 11:35
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Launchpad provides ordinary investors with opportunities previously unavailable to venture capitalists and other large investors.

In the field of encryption, the early movers have achieved great success. Some crypto aggregators list projects as they gain significant traction to help potential investors track promising investments. It can be difficult to identify projects when they are in their early stages, and missing out on some of them can mean missing out on huge potential rewards.

Specific crypto platforms help investors discover early-stage projects as they enter the mainstream. These crypto platforms are known as crypto launchpads. Users can think of these launchpads as angelic codes. Crypto launchpads have gained a lot of attention in recent months. Users can use them to identify promising early-stage projects. They also come with certain vetting procedures to filter out scams and rug-pulling scams.

However, to launch an IDO, projects must provide liquidity to sell value and quote currency. Automated market makers then adjust the selling price of the tokens based on supply and demand throughout the sale.

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Polkastarter 

Polkastarter is a decentralized exchange based on the Polkadot blockchain protocol for token pools and auctions. Polkastarter Launchpad is a decentralized crowdfunding launchpad that helps early-stage projects raise funds, build a strong user community, and expand their reach.

Polkastarter allows projects to list at a fixed price, which remains the same as long as there are tokens left in the initial offering. This will provide less volatility in token issuance.

It also allows projects and their investors more transparency into how much money was raised and how many tokens were sold. This statistic is not so easy to calculate when token sales are highly volatile.

Polkastarter will also provide additional tools for projects seeking financing. This will also comply with anti-money laundering and identity verification measures. These tools are not mandatory, but they are available if the project requires them.

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Red Kite

There are many kinds of launch platforms in the market that can help a new project get off the ground properly. Red Kite is one of the recent companies entering the launchpad and IDO market. It's showing strong momentum and helping new projects get started the way they want to. Red Kite is assisting investors to participate in transparent token sales of new projects. New projects often fail to raise sufficient funding, most fundamentally because of the poor marketing techniques they use. Fear of scams is also a factor. Red Kite has built great relationships with influencers and marketing partners, leading new projects with good capital funding.

Items on the Red Kite website are rigorously checked to prevent any scams in the future.

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Thorstarter

As we all know, Marvel and Crypto space teamed up to sell NFT, but to clarify, Thorstarter has nothing to do with Marvel, but it is inspired by Thor's movie and adapted its name. Thorstarter provides liquidity rewards to early-stage crypto companies and helps them launch through IDOs. These projects can then exchange the assets pooled by THORChain in exchange for their tokens.

Thorstarter is a decentralized launchpad designed to bring cross-chain liquidity to long-tail crypto assets. The project changes the way new projects acquire liquidity by providing a launchpad to bring cross-chain liquidity to raise funds. It does this by issuing liquidity grants to early-stage projects and helping them with initial offerings (IDOs) on DEXs. Then IDO can exchange its tokens for projects with native THORChain pool assets. This is attractive to new projects for the following reasons:

  • Users of the project (holders, traders, supporters) can source liquidity from other blockchains without using synthetic or wrapped assets;

  • They received a substantial upfront grant and investment from Thorstarter;

  • They are supported by the THORChain and Thorstarter communities as well as the marketing department;

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Binance Launchpad

Binance is one of the most popular (and largest) exchanges in the world. It offers the lowest transaction fees and the highest liquidity among the major exchanges in the crypto space.

Binance Launchpad is a crowdfunding platform owned by Binance that helps startups raise funds by offering tokens to Binance users. It pioneered the Initial Exchange Offering (IEO) mechanism, a widely used funding method for crypto startups.

Binance provides comprehensive support and guidance to blockchain startups and helps them grow in the Binance ecosystem. Since its inception in 2019, Binance Launchpad has raised over $107 million for 49 projects.

Binance Launch is leading the crypto industry in fundraising and connecting investors with new and potential blockchain companies, and to celebrate the most successful projects, an award is given out each year to the top performers . The nominated projects include projects launched last year that had positive ROI during initial exchange offerings (IEOs) but were not acquired by Binance.

The six nominations for 2020 are Axie Infinity, Lab Sandbox, Safepal Tokocrypto, Injective Protocol, and Alpha Finance. The winner was Alpha Finance, a project that provides leveraged yield mining services for DeFi investors on Ethereum and Binance Smart Chain.

To sum up, Binance Launchpad is a platform to support and guide crypto startups on how to launch and promote their tokens as efficiently as possible, in addition to raising funds for the project.

in conclusion

in conclusion

Launchpad provides ordinary investors with opportunities previously unavailable to venture capitalists and other large investors. However, there are two solid reasons you may want to participate in a startup program. The first is wanting to gain access to the project. The second reason is the belief that the launchpad's native token will be popular.

The key reasons why crypto investors prefer IDOs over IEOs are accessibility and security. Through accessibility, anyone can buy tokens of any amount during the IDO and no additional checks are required. Additionally, there are no restrictions on investor permissions in an initial DEX offering, which can arise in an initial exchange offering.

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