In the former part of this Launchpads article, we mentioned the meaning of Crypto Launchpad and a brief history of them. Now we touch on Major Crypto Launchpads in this part.
Firstly Binance is the world’s biggest centralized cryptocurrency exchange according to the market volume and users. It also has a launchpad platform to launch new projects. Moreover, it is a safe and secured platform. Until now 58 projects were launched from this platform. For example Polygon, Kava Labs, Bittorent, Axie Infinity, and some biggest soccer team fan tokens launched from Binance Launchpad.
If an investor is interested in the launching project, must hold BNB –Binance incorporated native token. in other words, the token is purchased in return for BNB. The minimum amount to participate is 0.1 BNB (approx. $55) It gets exposure to the millions of Binance users around the world.
BSCPad is a decentralized platform. It primarily supports projects built in Binance Smart Chain Ecosystem. More than 110 projects launched from BSCPad until now. BSCPad has a tier-based system for participating in Initial Dex Offering. So what does it mean? That is, BSCPad users must stake a fixed number of BSCPAD tokens to participate IDOs. Even when you participate in IDO, you can guarantee allocation round according to staked BSCPAD token. For detail click here.
MakerDAO is a decentralized lending and borrowing platform. It primarily supports projects built in the Ethereum blockchain. First IDO in the MAkerDAO launchpad made in 2019. To get an allocation for participating in an IDO, you must lock DAO (the native token of MakerDao) in your wallet. High-profile Elrond Network, ALICE, Orion projects launched from MakerDao before. Although MakerDao launched highly profited projects, the user must lock up 500 DAO (approx. $3000) to buy tokens of the projects. So, it is a high rate for small investors.
Avalanch platform was founded in 2020 and gained massive popularity since then. Now Avalanche native coin AVAX has the 10th largest market capitalization.
Avalanche has a launchpad named Avalaunch. Likewise, you must stake XAVA (Avalaunch native token) for participating in an IDO launched in Avalaunch. It has no tiered systems requiring arbitrary minimum stakes. Though there is a maximum per person allocation limit in place. There is also a staking reward system on the platform.
Solana is a third-generation smart contract alleged to be the fastest blockchain in the World. Its mainnet set up in 2020 despite that now gained 5th largest market capitalization. After this big achievement, Solana established Solanium Launchpad providing a secure way to distribute tokens to IDO participants. Likewise, it uses a stake system. Users need to hold xSLIM tokens (it is obtained by staking Solanium token) to participate in IDO and also the level of xSLIM you have grant allocation for participating IDOs.
- (100 xSLIM) Tier 1: 1 lottery ticket
- (1,000 xSLIM) Tier 2: 12 lottery tickets
- (5,000 xSLIM) Tier 3: 100 lottery tickets
- (10,000 xSLIM) Tier 4: Guaranteed allocation
- (50,000 xSLIM) Tier 5: Larger guaranteed allocation
Polkastarter is a decentralized platform. So it primarily supports projects built in Binance Smart Chain, Ethereum, and Polygon (MATIC) Ecosystem. To get an allocation for participating in an IDO, you must similarly lock some POLS (the native token of Polkastarter) in your wallet. Also the level of POLS you have grant allocation for participating IDOs.
- 250+ POLS Power = Every ticket is worth 1 ticket
- 1,000+ POLS Power = Every ticket is worth 1.1 tickets
- 3,000+ POLS Power = Every ticket is worth 1.15 tickets
- 10,000+ POLS Power = Every ticket is worth 1.20 tickets
- 30,000+ POLS Power = Every ticket is worth 1.25 tickets & No Cooldown
Kucoin is a Centralized Exchange that has a Launchpad named Kucoin Spotlight. It has the same tier system is like Binance or MakerDao. You must have Kucoin’s native token KCS for participating in the project. You do not need to hold much KCS but the negative side of Kucoin is that is not available in the US and more than 40 countries.
TRON is a smart contract platform and a common choice for DApp developers. It is favorable because of its speed and cost-efficiency. Since April 2021, Tronpad has hosted approximately 20 IDOs. TRONPad uses a tier-based access system that determines how users can participate in its IDOs.
- Earth (15,000 TRONPAD): 1 lottery ticket
- Moon (50,000 TRONPAD): Guaranteed allocation (pool weight: 10)
- Mars (200,000 TRONPAD): Guaranteed allocation (pool weight: 45)
- Sun (500,000 TRONPAD): Guaranteed allocation (pool weight: 70) + private allocations
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create a possibility for the many, as well as the few, and bring about positive global change. It is the 4th popular smart contract platform behind Ethereum, Binance Smart Chain, and Solana. CARDstarter is the dominant Cardano launchpad for now. It primarily supports projects built in the Solana ecosystem. Their staking requirements:
- Singles (100 CARDS): 25% chance of winning an allocation
- Duces (500 CARDS): 25% chance of winning an allocation
- Trips (1,000 CARDS) 50% chance of winning an allocation
Guaranteed allocation tiers:
- Jacks (1,500 CARDS): guaranteed 2x IDO allocation
- Queens (4,500 CARDS): Guaranteed 6x IDO allocation
- Kings (9,000 CARDS): Guaranteed 12x IDO allocation
- King of Clubs (16,000 CARDS): Guaranteed 22x IDO allocation
- Aces (20,000 CARD): Guaranteed 28x IDO allocation
PulseChain is an upcoming Ethereum fork. So it is interoperable with Ethereum. PulsePad is the premier IDO platform for projects building on PulseChain — a new Ethereum sister chain designed to provide an idyllic environment for building powerful new applications, while simultaneously reducing the load on the Ethereum network.
Luna-Pad is a peer-to-peer innovative Launchpad to launch new projects in the TerraLuna ecosystem & Binance smart chain. There are many variations in security and use cases for Lunapad holders. Luna-Pad comes up with the most transformative technologies since the Terra ecosystem adoption is increasing massively. It stands firmly in support to give exposure to the upcoming projects willing to join Terra and BSC ecosystem. In addition, Luna-Pad gives liberty to its investors to participate in a token sale conducted by Luna-Pad on its Launchpad. Furthermore, mobile wallet enables credit card or debit cards from VISA or Mastercard payments.
GameFi is a e-sport platform. It includes fantasy gaming, lottery, betting, Player vs Player Games, and NFT Marketplace. GameFi has the purpose of becoming a global platform for players. It offers a launchpad for game-specific projects. It uses Solana blockchain technology to secure user data. GameFi records and displays every action in the game on the blockchain to create transparency and make for fair gameplay.
TrustPad is a decentralized multi-chain fundraising platform enabling projects to raise capital and promise safety to early-stage investors. Stake TrustPad tokens to get priority access to promising projects. It is based on Binance’s blockchain. It is tier-based also. TPAD is native token of Trustpad.
Red Kite is a cutting-edge launchpad and Defi platform powered by PolkaFoundry. It has built good connections with influencers and marketing partners leading new crypto projects with good capital funding. Red Kite works on a multi-chain support technique which means that it supports both Ethereum and BSC pools.
To Sum Up
There are also much more launchpads. Yet we have mentioned only some of the big ones. By the courtesy of Launchpads, investors can get in IDOs or ICOs safely. Some of them are tier-based and need to get allocation for participating. Some of the other small ones are much accessible but a bit risky. There are no restrictions related to the investor’s authority in the Initial DEX Offering there. In the next part, we will mention these small ones. Much more IDO Launch, much more profitable, and much more risk.