Early investors in successful projects often reap the most rewards. Their commitment from the ground level allows them to enjoy the benefits of the project’s achievements. A crypto launchpad serves as an ideal platform to discover initiatives in their nascent stages.
Growing Cryptocurrency Landscape and Associated Risks
The cryptocurrency market is experiencing a continual increase in the number of available coins, with Statista reporting over 7,500 cryptocurrencies as of November 2021. However, this rapid expansion has also led to a rise in fraudulent schemes within the crypto space. According to The Independent, there was an alarming 30% increase in crypto scams in 2021 compared to the previous year. This is where a reliable crypto launchpad, like BullPerks, becomes essential.
Understanding Crypto Launchpads
This article will explore what a crypto launchpad entails and how it operates, while also highlighting some of the leading launchpads in the industry. The ongoing growth of the crypto sector and the need for projects to secure funding in a decentralized manner have given rise to numerous new crypto launchpads in 2021.
Defining Crypto Launchpads
Crypto launchpads, often referred to as crypto incubators, are platforms that enable blockchain-based projects to raise funds while granting investors access to early-stage token sales. This early access allows investors to secure tokens at discounted prices before the project goes public. Moreover, the low cost of launching on a crypto launchpad has prompted many projects to utilize these platforms for fundraising efforts.
Security and Community Benefits of Launchpads
Utilizing a launchpad for project initiation provides both founders and investors with a layer of security. Reputable crypto launchpads implement a thorough vetting process for new projects, and a Know Your Customer (KYC) procedure is generally conducted by a third party to verify new users. Additionally, launching via a launchpad connects new founders with a community of crypto investors eager to explore fresh opportunities.
Leading Crypto Launchpads in the Market
Several top crypto launchpads are at the forefront of incubating new blockchain projects. Let’s take a look at how each of these platforms functions and their standout features.
BSCPad: A Pioneer on the BSC Network
BSCPad is the first launchpad built on the Binance Smart Chain (BSC) network. The platform employs a fully decentralized protocol to assist blockchain projects with fundraising, token distribution, and enhancing liquidity. BSCPad is notable for its “two-round allocation model,” which guarantees allocations based on tier levels. Tokens can be purchased in the first round, and any remaining tokens are made available on a first-come, first-served basis in the second round. The platform’s native token, $BSCPad, allows users to stake and achieve higher tiers for better allocation.
BullPerks: A Transparent Decentralized VC
BullPerks functions as a decentralized venture capital (VC) platform and multi-chain crypto launchpad, recognized for its commitment to transparency and community engagement. The founders of BullPerks are known industry experts and advisors with extensive experience in fostering the growth of various tech and crypto startups. The platform is dedicated to providing a secure launchpad for projects while offering investors valuable investment opportunities through its decentralized six-tier system. The native token, $BLP, is also based on the BSC network and is utilized for tier upgrades through locking, staking, or farming, with the latter two options providing additional rewards.
TrustSwap: Innovating in Decentralized Finance
TrustSwap is a decentralized launchpad and protocol operating on the BSC network. Its native token, $SWAP, facilitates next-generation multi-chain swaps and addresses various challenges related to payment splitting and subscriptions. $SWAP is also utilized for staking, smart locks, and smart swaps, which enable any token to be wrapped into an ERC20 token. Founded in Canada in mid-2020, TrustSwap aims to popularize smart contracts and enable customizable transactions across the decentralized finance (DeFi) sector and the broader crypto ecosystem.
DuckSTARTER: Supporting Organic Growth
DuckSTARTER is a decentralized crypto launchpad that promotes blockchain projects to a large community of investors. As the native platform of DuckDAO, it operates under the $DUCK token, which is supported by both Ethereum and BSC networks. This token is essential for utilizing the platform, including tier upgrades. After successfully passing the platform’s vetting process, teams receive marketing support and professional guidance to foster organic and sustainable growth.
WeStarter: Cross-Chain Initial Swap Protocol
WeStarter is a cross-chain token initial swap protocol situated on the HECO network. Launched in the first quarter of 2021, it facilitates the initial exchange of projects based on BSC, Ethereum, and HECO, with plans to incorporate additional public blockchains such as Polkadot and Avalanche in the future. By accommodating multiple blockchains, WeStarter aims to meet the needs of Initial Wallet Offerings (IWOs) for various blockchain assets, having successfully launched 16 projects and achieving over $1 billion in IWO volume to date.
The Role of Crypto Launchpads in the Investment Ecosystem
Crypto launchpads serve as a vital connection between investors and startups, allowing new projects to secure necessary funding while providing early investors access to promising deals. By launching through a launchpad, founders can obtain the capital essential for advancing their projects while gaining exposure to a broad community of crypto enthusiasts. Early investors often benefit from acquiring tokens at significantly lower prices compared to public market launches. For instance, a recent project on BullStarter saw its token price soar by over 120 times from its initial offering. Over the past few years, launchpads have become increasingly popular, facilitating funding for startups and connecting crypto investors with tokenized projects before their market debut. The vetting processes employed by top launchpads also help mitigate the risks associated with fraudulent schemes, ensuring a safer environment for investors.
