Launchpads also make it possible to buy new cryptocurrencies at a lower cost. The cost of creating a project on cryptocurrency launchpads varies depending on the preferred launchpad platform. Creating a project on a launchpad builds trust between project owners and project investors. Many launchpads have different security measures. For this reason, launchpad platforms give confidence to their users and investors.
How Do Launchpads Work?
The goal of Launchpad platforms is to get funding for the project, build trust in the community and reach the target audience in the right way. On Launchpad, projects set out to build a community. KYC (Know Your Customer) verification is required to ensure the authenticity of users and investors. This makes for a more transparent and unbiased system. Launchpads vet new projects and bring them onto the platform, giving interested potential investors access to new projects. During the review process, the project can be rejected if fraudulent activities and similar situations are detected. This vetting process gives confidence to investors and developers using launchpad platforms.
What Are the Types of Cryptocurrency Launchpad?
There are several types of cryptocurrency launchpads. These types are as follows:
- Launchpad for Initial NFT Offering (INO)
- Launchpad for Decentralized Initial DEX Offerings
- Launchpad for Initial Game Offering
- Launchpad for Initial Coin Offering
Launchpad for Initial NFT Offering (INO)
The INO consists of an initial offer for the sale of a limited number of NFTs. INO can be issued for financing any project. It is built on the same foundations. INO's surge in popularity has been an opportunity for singers, artists, athletes, content creators, and investors. INO is the sale of a collection of NFTs on an NFT launchpad or marketplace in order to attract potential investors.
Launchpad for Decentralized Initial DEX Offerings (IDO)
IDO is a decentralized crowdfunding platform in the cryptocurrency sector. Most of the time, it represents different assets stored on a decentralized DEX. When any project produces a cryptocurrency with a decentralized liquidity market, IDOs are carried out as part of this phase.
IDO launchpads allow institutions to engage in the economy that not only improves the quality of products and services to users but also allows them to make quick decisions on the assets owned.
Launchpad for Initial Game Offering (IGO)
IGO is relatively underutilized. In crypto launchpads, IGOs offer marketplaces for game metadata repositories, P2E (Play to Earn) projects, in-game helpers, and NFTs.
In IGO launchpads, the more assets hosted, the higher the level can go, which can increase the allocation earnings.
Launchpad for Initial Coin Offering (ICO)
ICO is a method of using cryptocurrencies to raise capital for newly created projects. Blockchain-based products or platforms prefer ICOs more often.
What Are the Advantages of Launchpads?
Launchpads offer some advantages for new projects and investors. These advantages are as follows:
- Lower Cost
- Secure
- Fast
Lower Cost
DEXs can be utilized for asset listings with reduced fees or completely free of charge.
Secure
Launchpads do not hold user funds and therefore offer a secure structure. Investors can control their assets.
Fast
Digital assets can be used for trading and there is no waiting period.
What Are the Benefits of Crypto Launchpads to the Ecosystem?
Crypto launchpads have some advantages that they offer to investors and project managers within the ecosystem. These benefits and advantages are as follows:
- Crowdsourcing
- Early Stage Investment
- Security of Projects
- Community Building
Crowdsourcing
For developers or content managers, launchpads are a fundraising opportunity. Launchpads have a critical role in raising funds that help development and growth. Launchpads are a good way to raise awareness of new cryptocurrencies before they are listed on a trading platform.
Early Stage Investment
Launchpads allow people to get involved early in the project, allowing the asset to be bought at the minimum price and investors to benefit from the maximum profit.
Security of Projects
It shows that investors should not worry about their investment in the project. Another reason to access projects early is the possibility that the asset may rise in the future.
Community Building
Launchpads help build a community and create fertile ground for the project. With the project taking off, there will be more investors interested in joining the project and buying cryptocurrencies.
What Is MetaLaunchpad?
MetaLaunchpad is a platform that can be used easily and quickly by people who want to take their place in the digital market, produce and promote their projects. MetaLaunchpad is a launchpad platform developed in the Metatime ecosystem, where users who want to design their own projects can create and list their products by editing their projects in detail.
With the MetaLaunchpad Wizard feature, all guidance and information can be easily followed simultaneously in a single tab. Users can produce or showcase their digital assets in a faster and simpler way.
With MetaLaunchpad Advanced Mode, users can easily create even the most difficult digital product structures by providing the customization and detailing they desire.
Thanks to the artificial intelligence-based social media data collection tools pioneered by Metatime, airdrops of digital products created by individuals can benefit from the MetaAirdrop feature, unlike the normal airdrop process.
