Crypto Launchpads and IDO Makers - Pt. 1

According to the GreySpark Partners ICO report that covers 1,900 ICOs, over 890 of the ICOs failed to raise any money. As a result, by July 2019 more than 800 cryptocurrencies were dead. With more than 50 percent of all Initial Coin Offerings (ICOs) that started in 2017 and 2018 failing to raise a single dollar.

What promised to become a valid alternative to Initial Public Offerings (IPOs) failed miserably. With the traditional institutions warming up to the crypto industry, the methods of crowdfunding are evolving.

Many of the budding crypto projects are opting for a crypto launchpad to raise capital because of the following advantages:

  • Crypto launchpad acts as a vetting process for new projects. Thus, they protect investors’ interest.
  • They also lower the barrier of entry for investors as the launchpads provide token purchasing privileges to investors at a reduced price before tokens hit the market.
  • Crypto launchpads also provide a way to raise capital for new projects, on safer platforms than ICOs.
  • Communities are convolute and create a network effect for better community building.
Exploring Some of the Revered Launchpads
1. Binance Launchpad

Binance, the largest cryptocurrency exchange in the world in terms of volume announced the launch of its Launchpad platform in Jan 2019. Alongside the Launchpad announcement, it also promised to launch new token fundraising events every month.

How Does It Work for Projects?

First, it has a strong selection process in place.

The launchpad features projects on the basis of the following parameters:

  • Relatively mature-stage project development
  • Readiness for large-scale adoption
  • A strong and committed team
  • Potential to facilitate the growth and development of the wider crypto ecosystem
How Does It Work for Users?
  • Users first need to have a verified Binance account.
  • They can then check out the featured projects on the Launchpad website.
  • The Launchpad makes use of crypto like BNB, BTC, ETH, etc. Once users have decided to take part in the token sale, click the “Buy Now” button. Depending on the terms of the token sale, you can use cryptos such as Binance Coin (BNB), Bitcoin (BTC), Ethereum (ETH), or others.

Projects Launched on Binance Launchpad to Date – 45
Total Funds Launched to Date – $ 91,575,466

First Token Sale – BitTorrent (raised $7.12 million in approximately 15 minutes)

Other Successful Launchpad Projects Include; Polygon (Previously known as Matic Network), Elrond, Band Protocol, Kava, Cartesi, and Injective Labs.

Binance native token is BNB, and it is currently the fourth-largest cryptocurrency by market cap. According to CoinGecko, at the time of writing, it was trading at $328.86.

2. DAO Maker

DAO Maker is well-known as a platform that helps start-up crypto projects gain retailer exposure at a very early stage. It also elevates the capability of retail investors to invest in potential projects. The early-stage retail investors can be issued with equity, unlike other launchpads where only project tokens are offered. Thus, it allows equal participation of both crowd equity and tokens.

DAO Maker Has Three Types of Products Namely:

Venture Bond Start-ups
  • This product has the ability to issue bonds that users can purchase.
  • They are also exposed to zero-risk venture investments.
  • The fund raised by issuing bonds is the principal sum for the start-up. The platform then generates interest on this principal amount by indulging in margin funding activities in dencentralized finance (DeFi) or centralized finance (CeFi).
  • This interest is used as the fund for the start-ups.
  • The start-up then distributes tokens/equity to the Venture Bondholders with a maturity date.
  • When the Venture Bond matures, the buyers receive the principal sum. Along with that they already have the tokens or equity.
Strong Holder Offering

Strong holder offering by DAO Maker is a product that supports building a customized community as desired by the team. There is also refunds as a clause in a Strong Holder Offering. This basically ensures only quality projects even bother applying as poor performers or uncommitted teams would end up giving a refund.

Dynamic Coin Offering

100% of the circulating supply is usually backed by a notable portion of the funds raised during the sale. DAO Maker then escrows this fund through a trusted and insured custodian, allowing the platform users the opportunity to claim their refund within a specified period. This helps to prevent a rug-pull.

Social Mining also enables any project to create token-based incentives that encourage community members to offer value. In other words, it helps energize a project’s community to participate in its growth and development.

Projects Launched on DAO Maker to Date – over 18
Total Funds Launched to Date – over $ 38,000,000
First Token Sale – Ecomi

Other Successful Launchpad Projects Include: LTO Network, Elrond Network, Orion Protocol, AnRKey X, Seascape, XEND Finance, Yield Protocol, and DAFI

DAO is the native token of DAO Maker. It recently hit an all-time high on March 19, 2021. According to CoinGecko, it is currently trading at $3.05.

3. TrustSwap

TrustSwap is a swiss army knife for the crypto space. It is a complete digital asset ecosystem driven by smart-contracts and Launchpad and is one product that allows new projects to raise funds. It does this by simply staking the native SWAP tokens, platform users get early access to the projects featured on its launchpad. The higher the staked amount, the greater the allocation.

TrustSwap currently supports two user categories namely;

  • Stake 4,000 SWAP and get an assured launchpad allocation, or
  • Stake 7,000 SWAP and get a double bonus on launchpad allocations.

It has facilitated accessible token launches, guaranteed allocations, no gas wars, 12-hour participation windows, low gas fees, easy application processes, and giving users the free will to decide to perform tasks on social media. This month, it also announced the launch of FlashLaunch. Similar to TrustSwap’s traditional Launchpad token offerings but will be only for raises under $750,000. Each FlashLaunch will have a set individual allocation of exactly $500 per person.

Projects Launched on TrustSwap to Date – 23
Total Funds Launched to Date – over $25,000,000

First Token Sale – Glitch

Successful Launchpad projects include Chain Games, Mobie Pay, Aubit, Yield App, and Modefi.

TrustSwap native token is known as SWAP. On March 3, 2021, it hit an all-time high. At the time of publication, the token was trading at $1.06.

4. Zeroswap

ZeroSwap is a multi-chain DEX aggregator designed to meet all the future needs of the DeFi space. It is also envisioned to be a fully equipped platform to help solve the stumbling blocks of existing decentralized exchanges (DEXs). ZeroSwap achieves this by enabling liquidity mining, DEX aggregation, and market-making suite in the DeFi space. The ZeroSwap ecosystem has now launched ZeeDO, its DEX Offering platform.

To participate in the sale event, users need to stake some minimum amount of Zee tokens. This will give them a ticket for participation in the event. The platform will also make use of Chainlink-powered VRF randomizer to draw winning lottery tickets. This is because ZeeDo is known for enabling fair, transparent, and completely decentralized token sales.

Projects Launched till date – over 10
Total funds launched till date– over $12,500,000

First token sale – Oddz

ZeroSwap native token is ZEE. The token, at the time of publication, was trading at $0.606378.

5. Ignition Launchpad by PAID Network

PAID Network on January 2021, announced the launch of Ignition, its Initial DEX Offering (IDO) platform. Ignition will enable PAID token holders to participate in curated and novel private and public token sales. The launchpad operates as a decentralized swapping protocol, leveraging both PAID Network and Polkadot technology. It also enables sales and global community building, and with Polkadot, it provides multi-chain support.

To participate in an IDO on Ignition, users will need to hold a minimum of 10,000 PAID tokens. Furthermore, participators in Ignition’s projects are incentivized to hold their new project tokens rather than sell them. The longer they hold the new tokens of the previous Ignition offerings the greater their chances of winning lottery tickets to future Ignition IDOs.

There are currently three pool tiers namely; Cosmos, Galaxy, and Moon

  • Cosmos – 150,000 PAID
  • Galaxy – 75,000 PAID tokens, and
  • Moon – 1,000 PAID tokens

Projects Launched till date – over 20
Total funds launched till date – over $5,000,000
First token sale – Oddz
Other Successful Launchpad Projects Include: Shadows

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