How can they help you make money? – Cryptopolite
Crypto launchpads are fundraising events that help crypto startups issue tokens and raise money for their projects. Launchpad is a platform where token issuers can offer their tokens in exchange for other cryptocurrencies.
Here are some of the best crypto launchpads in web3:
Binance Launchpad
Binance Launchpad is one of the leading crypto launchpads and is part of the Binance exchange. It provides an easy way to invest in new cryptocurrency tokens through Initial Exchange Offerings (IEOs). The platform gives investors access to high-quality projects, with monthly token sale reviews providing insight into which projects may have potential.
How it works
Binance is committed to providing the most rigorous vetting before approving a project for the Launchpad platform. Their evaluation process includes a thorough review of the crypto project’s scalability and long-term viability to ensure that it will ultimately benefit the blockchain and cryptocurrency communities.
Once accepted, Binance provides full support for the successful completion of the project, including pre-launch consulting services, marketing assistance, and follow-up token listing support. Ideally, Binance seeks projects with innovative visions that create active engagement in the community and with the larger cryptosphere. Through its extensive evaluation system, Binance Launchpad offers a secure platform for teams to make their mark on the ever-expanding world of blockchain and cryptocurrency.
Huobi Prime
Huobi Prime is one of the oldest crypto-launchpads, having launched in 2019. It is part of Huobi Global, one of the world’s leading cryptocurrency exchanges. The platform allows users to purchase newly issued tokens directly from the issuing company at a discounted price. In addition, the design provides companies with a secure and compliant way to list their tokens on Huobi Global.
How it works
Huobi Prime offers a unique coin offering method that involves three rounds each lasting thirty minutes. As a result, buyers can get great discounts on the coins on offer, with discounts increasing each round.
For example, if Huobi Prime listed a coin called Huobi Premium Example Token (HPET), in the first round there would be a 30% discount, a 20% discount in the second, and a 10% discount in the third. In addition, coins purchased through Huobi Prime are quickly deposited into your account, so you can start trading immediately without pre-sales or other delays. However, keep in mind that individual purchases made with Huobi Token cannot exceed USD 1000 equivalent.
Kraken Launchpad
Kraken Launchpad is a platform developed by Kraken, one of the world’s longest running and most trusted cryptocurrency exchanges. It offers an alternative to traditional Initial Coin Offerings (ICOs) by allowing crypto projects to raise funds directly from users. Additionally, the platform supports token sale processes with features designed to protect the interests of both buyers and sellers.
How it works
Kraken Launchpad has a fixed level system based on the number of tokens held. The system encourages users to collect as many KRP tokens as possible to qualify for a higher tier, giving them more chances to get their hands on the launch project.
As part of this system, one guaranteed round is available exclusively to holders of $KRP tokens: the $KRP round.
By considering each project’s allocation requirements, the exact allocation size for each class may vary from one project to another.
Overall, this new system encourages long-term accumulation of KRP and gives users more opportunities to get involved in new projects launched through the Kraken Launchpad.
OKX Jumpstart
OKX Jumpstart is a token launch platform developed by OKX, one of the largest digital asset exchanges in the world. The platform offers projects a secure and compliant way to raise funds and list tokens on the exchange. Unlike traditional ICOs, OKX Jumpstart offers innovative features such as project results and community ratings that help protect buyers from fraudulent projects and scams.
How it works
OKX Jumpstart offers two exciting token gain methods – Mining and On Sale.
At the Mining event, the exchange rewards users with symbolic incentives for participating in OKB efforts. Each model has different requirements for wagering periods and total wagering limits, so that more participants can increase the probability of reward.
In On Sale events, OKB tokens are pledged from a system based on set criteria, allowing users to earn rewards through luck! Participation is only valid in certain regions, so read OKX’s announcements before getting involved.
BitMart Launchpad
BitMart Launchpad offers an exciting opportunity for users who want to secure IEO tokens. This feature is a great way to get involved in the token buying process and have a chance to win the lot. The feature allows users to hold BMX tokens before the event date, giving them tickets to a random selection draw that can give them lots of IEO tokens.
How it works
BitMart’s Launchpad is a new way to buy into exciting blockchain projects. Before being listed on the launchpad, all projects undergo a rigorous evaluation process to ensure that only high quality projects are listed.
Users can purchase tokens at a discounted price through a lottery once listed. This price is lower than the current market price and is only available for a limited time. When the token sale ends, the price will return to the market price.
To protect buyers, all projects listed on the launch pad have a 72-hour price guarantee. As a result, the token’s price will stay above the listing price during the first 72 hours after it is listed.
KuCoin’s spotlight
KuCoin Spotlight is a token launch platform for early stage crypto projects. It allows users to invest in their preferred projects at the beginning and provides significantly higher returns than those possible with larger market projects. Although the investment requirements are low, the potential benefits of using this platform can be huge.
With KuCoin Spotlight, investors can gain access to new projects and get in on the ground floor of potential booming investments without breaking the bank.
How it works
KuCoin Spotlight is known for its high level of security and quality in its listed projects. The selection process spans four independent reviews by teams of 20+ experts from KuCoin Research.
These experts evaluate candidates from nearly 100 perspectives under six important categories; project background, technical prowess, team characteristics, financial status, marketing efforts and third party review. This demanding protocol weeds out over 90% of potential candidates, and only those high-caliber projects make it to the listing stage on KuCoin’s premier platform.
Poloniex LaunchBase
Poloniex LaunchBase is a platform that allows users to invest in early crypto projects. Through this platform, users can purchase tokens before they are listed on the exchange and have the potential to earn high returns on their investments.
The platform also offers some of the best security measures available, with detailed analysis performed by multiple teams of experts throughout the selection process. How it works
How it works
Poloniex LaunchBase uses a strict selection process to list only the highest quality projects. This process includes detailed assessments by teams of experts from different perspectives, to ensure that investors can trust the projects listed.
Once a project is approved and listed on LaunchBase, users can purchase tokens on a first-come, first-served basis.
Benefits of Using Crypto Launchpads
1. Access to early-stage projects: Crypto-launchpads give users access to projects that are still in their early stages and have the potential for big profits.
2. Potentially lower prices: Many launchpad platforms offer discounts on tokens during the launch, which can lead to you paying less than those who wait until the exchange lists it in the market.
3. Security measures: Launchpad platforms, such as Poloniex LaunchBase, perform detailed analysis on listed projects before they are made available, ensuring that your investments are safe and reliable.
4. High return: By investing early, you can achieve a significantly higher return than is possible with larger market projects.
5. Diversification: Crypto launchpads give investors a wide range of projects to consider, allowing them to diversify their portfolios and find a suitable investment.
Risks associated with crypto-launchpads
1. Unclear Regulations: The crypto market is still largely unregulated, and launchpads can operate in a legal gray area, making it difficult for investors to understand the risks associated with their investments.
2. Volatility: Crypto markets are volatile and prices can fluctuate significantly over short periods of time, meaning it is possible to lose your investment if the project does not perform as expected.
3. Limited Liquidity: Launchpad platforms often require investors to hold their tokens for an extended period of time before they can trade them on secondary markets, which can result in limited liquidity or a lack of buyers when trying to sell.
4. High competition: With so many projects launching simultaneously on launchpad platforms, it can be challenging to identify which ones are most promising, which can lead to some projects not performing as expected.
5. Fraud: There is always a risk that launchpad projects can be fraudulent, so investors should always do their research before investing in a project.
Conclusion
Crypto launchpads offer investors a unique opportunity to invest in early-stage projects with the potential for high returns. However, it is crucial to know the risks before investing, as the market is still largely unregulated and prices can be volatile.
Launchpad platforms also tend to have high competition, so it’s important to research and ensure you’re investing in a project that’s likely to deliver good results. Still, with the right approach, crypto-launchpads can be a great way to build wealth and diversify your portfolio.