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By exposing nascent crypto startups to a diverse group of investors, an IDO launchpad can assist them navigate the huge crypto industry.
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Top 5 Best IDO Launchpads in 2022-2023 Know More
As we all know, IDO launchpadsare platforms where entrepreneurs can raise funds from investors by listing their tokens on decentralized cryptocurrency exchanges (DEXs). These launchpads use the nature of decentralized exchanges for project tokens to be traded. Since the concept first went live in 2019, it has been welcomed by the crypto community in unison. Many IDOs have since gone live and have attracted investors to pour money into those projects. In this blog, we will see why IDO launchpads give such levels of hope and more about the top 5 IDO launchpad platforms in 2022-2023.
Why an IDO Launchpad? An IDO launchpad can aid new crypto projects in finding their way in the vast crypto world by exposing them to a wide range of investors. Even though IDO launchpads are also decentralized, vetting projects is undertaken by the community around the platform, which ensures that only good projects are up for grabs. Also, with IDO launchpads, we can say that investors get a lot of benefits than in other initial crypto offering methods.
Benefits of Developing an IDO Launchpad • Investors can immediately start trading the tokens bought from an IDO event as they use decentralized exchanges. DEXs do not impose a cool-off period between coin sale and trading. • An IDO launchpad also has allowed new entrepreneurs to enter the vast crypto world, as they charge a lower project listing price compared to the other Fundraising models. • Since IDO launchpads extensively use decentralized exchanges (DEXs), we can be sure that immediate liquidity will be present without any slippage, which attracts more investors. • IDO launchpads also provide a fair model for fundraising, where instant liquidity for tokens is available. It is also important to note that token development for an IDO event can be done in a short time.
Create Your IDO Launchpad – A Brief Guide • Creating your IDO launchpadstarts with devising the required plans. Market analysis, business possibility, software solution, and target markets are some of the points to be considered here. • Then, you can go ahead with front-end development, where user-end features are developed. Having an easy-to-use user interface giving a great user experience can provide added benefits to your IDO launchpad. • Afterward, you can build the back-end features of the launchpad, which help execute all the functionalities inside the platform. Blockchain integration and token development are also made at this juncture.
Then, you should test your IDO launchpad platform for possible deficiencies and troubleshoot them if any arise. Alpha and Beta testing are carried out where user feedback is collected and implemented. The final stage of launching the platform comes next, before which you must provide liquidity to the platform. Frequent updates should be developed to keep up in the race.
Top 5 IDO Launchpad Platforms 1. BSCPad 2. TrustPad 3. Solstarter 5. DAO Maker 4. CardStarter
BSCPad The official IDO launchpad of the Binance Smart Chain (BSC), BSCPad is a platform that allows to distribute tokens and raise capital using a decentralized exchange. The launchpad also intends to address the problems associated with staking in IDOs. The launchpad also has a two-round system for fundraising that ensures that every level receives sufficient tokens.
TrustPad TrustPad is one of the few multi-chain IDO launchpads in the current day, which was initially based on the Binance main chain. TrustPad also extends support to Ethereum, MetaMask, Solana, TrustWallet, and Wallet Connect. The platform allows new users to learn about transaction operations through execution that provides monetary returns.
Solstarter Solstarter is based on the Solana network, which has been recently famous. The launchpad serves as a crowdfunding platform and an incubator for exciting crypto projects based on the Solana blockchain. One of the extra benefits of Solstarter is that it also works on features such as bridge, NFT auctions, OTC portal (where users can trade IDO tokens), DEV toolkit, and DEX.
CardStarter Running on the Cardano blockchain, CardStarter is an IDO launchpad platform with many exciting features. The platform gives early adopters special benefits during project launches based on a subscription model. In addition to other features, CardStarter also provides projects with services such as token engineering, security audits, graphical and Web3, social media, and branding support.
DAO Maker DAO Maker is a platform focusing on creating more retail investors to get into venture capital by funding startups. Many blockchain-based applications have benefited from the DAO Maker platform. The platform also has other products that allow staking of DAO tokens, NFT launchpad, and stable coin farming.
Hence, we can say that owning an IDO launchpad platform can be a wise option in the current crypto climate as there have been many promising blockchains. With many crypto startups requiring some funding, IDO launchpads can help them realize their ideas. If you are planning to develop an IDO launchpad from scratch or similar to the ones above, there are a few firms that pioneer in the process while being customer-friendly in all aspects. Conclusion