Blockchain and cryptocurrency investors realize that following the project from the start will provide higher profit potential. In addition, developers who are just starting their projects will need a lot of funds to expedite their development.
This is the reason for making a crypto launchpad so that there is a liaison between investors and business people or developers. In this discussion, we will discuss many things about the launchpad, including the steps for launching a project on a crypto launchpad.
Crypto Launchpad Definition
Launchpad crypto is used as a platform that allows blockchain developers to raise sufficient capital and provides an overview of initial projects which will be of great help to investors. In it, there are many Initial Coin Offerings or ICOs and also Initial Exchange Offerings IEOs. Its main purpose is to help fundraise and expedite cryptocurrency projects.
Example of good crypto launchpad platform is Kommunitas. This is the perfect platform to launch a project since it is a multichain oriented platform. This means that you have a freedom to launch project in any network, since Kommunitas is multi-chain including Ethereum, BNB Chain network, Fantom, Solana, Avalanche, and so on.
The information available on the launchpad for crypto projects includes assistance in determining the details of the offer, such as token price info, the sale as a whole, the conditions that must be followed before participating, and the specified sale time.
If investors decide to buy a project, then they can use the Bitcoin they have as a transaction tool on Launchpad. You also need to know that many transact using fiat currency, however, in general, more people use cryptocurrency for transactions.
Investors will have a great opportunity to make a profit. the trick is to go to Launchpad and find lots of projects to choose from and buy tokens that have the potential to provide many benefits. But keep in mind that large profits, of course, have a lot of risks, and of course, investors must avoid them. The trick is to do a lot of research and look at the initial stages of the launchpad carefully and calculatingly.
Steps to Launch Project for Developer
Developers, once you’ve decided on the launchpad you want, here’s how to launch a project on Launchpad.
- Choose and register yourself on the launchpad you want.
- Register by filling in your identity completely and verifying the account until it’s finished. After verification is complete, you can log in and enter Launchpad.
- Don’t forget to connect your crypto wallet and put the token into it.
- After that you will be asked to upload the project and fill in detailed information starting from personal information to information about the project that you are about to launch. Fill it.
- Then when finished, you will find a menu to start launching or uploading your project.
- Make sure that you have agreed to the terms and conditions before submitting your project.
- After the form is sent, it will be reviewed and after it has been received through the authentication process, if there is an offer, there will be an incoming notification email to your account. Then your project is registered successfully.
Read also : Get to know Crypto Exchanges
Steps to Use Crypto Launchpad for Investor
Let’s look at the steps so you can use Launchpad and start creating projects. Some steps may look different, and you only need to adjust it to the type of Launchpad you choose:
- The first step is to create an account on the Launchpad you chose, after you verify your email, you only need to enter the link provided and start logging in with the address and password that you created.
- After you log in, you need to complete the KYC verification process. In this process, you will need your ID card as well as a place and a bright background so that the photos needed for the verification process are good and visible.
- To be able to start participating in Launchpad, you need to fill your crypto wallet with the tokens that you have purchased. In this case, you need to pay attention to the rules that apply to each purchase because generally, the rules will be different.
- Enter to see the available projects and you start registering, then you can start participating if it’s allowed.
Advantages of Crypto Launchpad
The advantage of Launchpad for developers is the possibility for them to find sources of funds that can meet their needs in developing a crypto business.
The advantage for investors is that there is an early stage projection so that investors can get cheaper token or crypto prices because they get them before the coins go out to the public or the market.
If you look at the reviews above, the crypto launchpad has provided benefits for two parties. First, for developers, they will get a large flow of funds as needed. Meanwhile, investors will get a cheaper price at the initial stage. So it’s no wonder that Launchpad is in great demand and has been widely used lately.
Launchpad Types
The following is a list of several launchpads that you can choose according to the type of fundraising and also what projects are supported
- Launchpad IEO or Initial Exchange Offering
This site is widely used for fundraising specifically for crypto coins. Many business people use this platform to sell crypto tokens for profit like on MEXC or Binance.
- Launchpad ICO or Initial Coin Offering
Many people use it to start a project on a blockchain basis and to raise money by selling tokens or interacting directly with interested investors.
- Launchpad IGO or Initial Game Offering
This launchpad is a platform that targets investors who are interested in games virtual games or the like. Developers are allowed to interact directly with their potential investors and explain their projects in detail so that they can attract more interest. Examples are Seedify and GameFi which it includes.
- Launchpad INO or Initial NFT Offering
This is a container that facilitates token generators of the non-fungible type, also known as NFTs. Investors will have a choice of action, whether they will choose to collect money or immediately buy all the existing items. Polkastarter is included in the INO launch pad.
- Launchpad IDO or Initial DEX Offering
Many are also known as initial launches in a decentralized exchange system also called decentralized exchanges. Once found a project that uses the mechanism of this IDO model.
That is the information, and I hope it will give you more info about Launchpad and how to participate in it. You can also check the Kommunitas launchpad and enter the site so you can get more detailed profitable information.