Launchpads are slowly becoming the backbone of the Decentralized Finance ecosystem, offering small and large cryptocurrency projects, whether it be gaming, metaverse or a Move-to-Earn app, access to a pool of investors wanting to find the next gem.
Launchpads are helping connect like minded individuals to enthusiastic developers, where anyone and everyone can invest and gain from this emerging market.
What is a Launchpad
Crypto Launchpads, also known as incubators, are platforms which allow decentralized crypto projects to raise funds by selling a percentage of the project’s token supply at a discounted price.
Launchpads satisfy two fundamental needs: Decentralized crypto projects acquiring capital to fund marketing and development and investors getting the opportunity at, in their eyes, undervalued tokens.
A launchpad most commonly makes money by taking a % of the total revenue generated by a project to fund their operations and as a reward for their service.
Corestarter
Corestarter is a multi-chain Initial Dex Offering (IDO) launchpad which aims to allow even the smallest of investors into the IDO space.
Running on the Solana blockchain, the CoreStarter ecosystem consists of more than just an IDO launchpad, offering a NFT marketplace and staking yield pools for each user through their native token, $CSTR.
Their expert team manually checks and authenticates each project before allowing them into their IDO process, to ensure their users are only investing in the most promising new startups.
Pancakeswap
Being one of the largest Decentralized Exchanges, and largest by user count on the Binance Smart Chain, Pancakeswap boasts a respectable launchpad for the most anticipated new tokens on the BSc.
Called Initial Farm Offerings, Pancakeswap users commit $CAKE, the native token of the DEX, to buy the new projects tokens. Once the IFO is completed, new tokens and any unspent CAKE is transferred to your wallet.
Their launchpad hosts some of the largest projects on the cryptocurrency market, taking advantage of the small transaction fees the chain offers. For example, FC Porto's recent sale saw over $300 million committed.
KCLpad
Unhappy with the current state of launchpad affairs, KCLpad was created in order to tackle the three main principles holding traditional launchpad platforms back:
- Bots
- Luck
- Lotteries
The team at KCLpad realized many launchpads don’t offer equal opportunity for every investor due to the three factors mentioned above. First come first serve IDOs are ruined by bots whilst lotteries make investing random!
Guaranteeing allocation in specific launches, based on token ownership, KCLpad offers equal opportunity to all IDO investors. Providing a fair, trustless and permisionless launchpad platform for all ‘size’ of investor to utilize is a massive hurdle that KCLpad may be able to overcome.
Enjinstarter
Directly focusing on blockchain and metaverse gaming IDOs, Enjinstarter promotes themselves as the next-generation launchpad. Next-generation means focusing on more niche markets such as Metaverse games, Augmented Reality gaming and more.
Enjinstarter is helping small developers push forward their ideas without limitations and granting them a chance to curate their own community through their launchpad.
A majority of the IDOs funds are raised through BUSD, with targets between $100,000 and $250,000. Recently, Enjinstarter helped games such as MetaFighter raise almost 5x their expected amount which will drastically improve development and community morale.
Poolz Finance
Boasting average return rates at All-time high of 22x, Poolz Finance is a comprehensive IDO launchpad. Having already completed over 80 IDOs, Poolz is well established in the market, boosting interoperability between all the biggest chains such as; Ethereum, Avalanche, Bsc, Solana and more.
Heavily focused on crypto-gaming IDOs, Poolz Finance gives smaller games the opportunity to grow and meet their early investors through their launchpad protocol.
Krystal
Based in Singapore, the Krystal launchpad, Krystal GO is a ‘community-focused’ launchpad with a mission to find the next big cryptocurrency project in its infancy.
Krystal GO is a multi-chain launchpad, meaning projects from different blockcahins such as Ethereum or Avalanche can all participate on their launchpad. As of now, supported blockchains include; Ethereum, BSc, Avalanche and Polygon.
Using a ‘tiered’ investment system based on their native token, $KNC, users can guarantee IDO spots and remove tasks for whitelists based on the amount of KNC staked or total amount traded.
CODI Finance
Within the growing ecosystem of CODI, their decentralized launchpad is coming soon, aimed at exposing upcoming and awaited cryptocurrency projects.
Expected to be released in Q2 of 2022, their launchpad will fit seamlessly within the ecosystem, bolstering their other products such as their NFT marketplace and lending protocol.
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