The platforms known as “crypto launchpads” aid in the funding and launch of new cryptocurrency initiatives. They offer a variety of services, such as token sales, assistance with fundraising, community building, and marketing. Here are a few popular kinds of cryptocurrency launchpads:
1) IDO (Initial Dex Offering) Launchpads
A decentralised crowdfunding platform called Initial Dex Offering (or IDO) is a relatively new approach to raise money in the cryptocurrency sector. This type of fundraising is typically conducted by exchanging tokens for various assets contained on a decentralised exchange (DEX). With the use of the integrated DEX, IDO launchpads help projects distribute their tokens to the general public directly.
2) INO (Initial NFT Offering) Launchpads
An INO launchpad is a platform which is created especially for starting and managing Initial NFT Offerings. The platform serves projects who want to make their non-fungible tokens (NFTs) available to the general public.
Adoption of NFTs is increasing day by day. It is gaining massive popularity worldwide. Thus,INO offers a set of NFTs on launchpads or marketplaces for sale to public investors.
3) ICO (Initial Coin Offering) Launchpads
Platforms known as ICO (Initial Coin Offering) launchpads let cryptocurrency projects introduce their token sales to the general public. An ICO (Initial Coin Offering) is a fundraising event where new cryptocurrencies or tokens are sold to early investors in return for well-known cryptocurrencies like Bitcoin or Ethereum.
ICO launchpads offer a variety of services, such as the creation of tokens, the establishment of smart contracts, marketing, and community building.
4) IGO (Initial Game Offering) Launchpads
To raise money for blockchain games, one can use an IGO (Initial Game Offering) launchpad. Game producers can earn more money for their game project while giving players early access to games. Participants in the project typically have access to in-game resources needed to play the game in addition to the early access it provides.
IGO (Initial Game Offering) Launchpads allocate resources according to a tiered system. The more tokens you stake over a longer period of time, the higher your tier, and the better your priority status and chances of receiving guaranteed allocations are.
Benefits of Crypto Launchpads
Crypto launchpads provide stellar benefits for both project founders and retail investors, including:
Faster Launch Process
Crypto launchpads provide a structured fundraising environment that significantly refines and streamlines the launch process, reducing the time from concept to market. This allows project founders to capitalize on their ideas with a lower upfront investment and barrier to entry.
Access to a Larger Pool of Investors
Cryptocurrencies aren’t tied to specific countries, and the crypto market spans the entire globe. This means that project founders can attract a global pool of investors and unlimited fundraising opportunities without geographic barriers.
Marketing and Exposure
A crypto launchpad gives prospective projects worldwide exposure and increases brand awareness. Many also offer post-launch marketing and business development services to help ventures thrive.
Regulatory Guidance
Crypto laws and regulations continuously evolve and vary significantly by country. A crypto launchpad will offer regulatory guidance and support to founders who are launching crypto projects to a worldwide audience. Project founders can then ensure compliance in each jurisdiction they’re targeting.