Crypto launchpads are fundraising events that help crypto startups issue tokens and raise money for their projects. Launchpad is a platform where token issuers can offer their tokens in exchange for other cryptocurrencies.
Here are some of the top crypto launchpads in web3:
Binance Launchpad
Binance Launchpad is one of the leading crypto launchpads and is a part of the Binance exchange. It provides an easy way to invest in new cryptocurrency tokens through Initial Exchange Offerings (IEOs). The platform offers investors access to high-quality projects, with monthly token sales reviews providing insights into which projects may have potential.
How it works
Binance is committed to providing the most rigorous scrutiny before approving a project for the Launchpad launch platform. Their evaluation process includes an in-depth review of the crypto project’s scalability and long-term viability to ensure it will ultimately benefit the blockchain and cryptocurrency communities.
Once accepted, Binance provides full support for the successful completion of the project, including consulting services before launch, marketing assistance, and follow-up support for token listing. Ideally, Binance seeks projects with innovative visions that create active engagement within its community and with the larger crypto sphere. Through its comprehensive evaluation system, Binance Launchpad offers a secure platform for teams to make their mark on the ever-expanding world of blockchain and cryptocurrency.
Huobi Prime
Huobi Prime is one of the oldest crypto launchpads, having launched in 2019. It is part of Huobi Global, one of the world’s leading cryptocurrency exchanges. The platform allows users to buy newly-issued tokens directly from the issuing company at a discounted rate. In addition, its design provides companies with a secure and compliant way to list their tokens on Huobi Global.
How it works
Huobi Prime offers a unique coin offering method that involves three rounds, each lasting thirty minutes. As a result, buyers can get great discounts on the coins offered, with discounts increasing each round.
For example, if Huobi Prime were listing a coin called Huobi Premium Example Token (HPET), then in the first round, there would be a 30% discount, 20% off in the second, and 10% off in the third. Additionally, coins purchased through Huobi Prime are deposited quickly into your account, so you can start trading immediately without any pre-sales or other delays. However, remember that individual purchases made with Huobi Token cannot exceed $1,000 equivalent.
Kraken Launchpad
Kraken Launchpad is a platform developed by Kraken, one of the world’s longest-standing and most trusted cryptocurrency exchanges. It offers an alternative to traditional Initial Coin Offerings (ICOs) by allowing crypto projects to raise funds directly from their users. In addition, the platform supports token sale processes with features designed to protect the interests of both buyers and sellers.
How it works
Kraken Launchpad has a fixed-tier system based on the number of tokens held. The system encourages users to accumulate as many KRP tokens as possible to qualify for a higher class, giving them more chances to get their hands on the launch project.
As part of this system, one guaranteed round is available exclusively for holders of $KRP tokens: The $KRP Round.
By considering each project’s allocation requirements, the exact allotment size for each class may vary from one project to another.
Overall, this new system incentivizes the long-term accumulation of KRP and gives users more opportunities to become involved with emerging projects launched through Kraken Launchpad.
OKX Jumpstart
OKX Jumpstart is a token launch platform developed by OKX, one of the largest digital asset exchanges in the world. The platform offers projects a secure and compliant way to raise funds and list their tokens on the exchange. Unlike traditional ICOs, OKX Jumpstart provides innovative features such as project scores and community ratings that help protect buyers from fraudulent projects and scams.
How it works
OKX Jumpstart provides two exciting token gain methods – Mining and On Sale.
At the Mining event, the exchange rewards users with token incentives for participating in OKB staking. Each model has different requirements for staking periods and total staking limits, allowing more participants to increase their reward likelihood.
In On Sale events, pledges of OKB tokens are drawn from a system based on set criteria, allowing users to earn rewards through luck! Participation only applies in certain regions so please read OKX’s announcements before getting involved.
BitMart Launchpad
BitMart Launchpad offers an exciting opportunity for users looking to secure IEO tokens. This feature is a great way to get involved in the token purchasing process and have a chance of winning the lot. The opportunity allows users to hold BMX tokens before the event date, granting them tickets for a random selection drawing that could award them a lot of IEO tokens.
How it works
BitMart’s Launchpad is a new way to buy into exciting blockchain projects. Before listing on the launchpad, all projects undergo a strict evaluation process to ensure that only high-quality projects get listed.
Users can buy tokens at a discounted price through a lottery when listed. This price is lower than the current market price and is only available for a limited time. Once the token sale ends, the price will return to the market price.
To protect buyers, all projects listed on the launchpad have a 72-hour price guarantee. As a result, the token’s price will stay above the listing price within the first 72 hours after it is listed.
KuCoin Spotlight
KuCoin Spotlight is a token-launching platform for early-stage crypto projects. It allows users to invest in their preferred projects at the outset and earns significantly higher returns than those possible with larger market projects. While the requirements for investment are low, the potential rewards of using this platform could be massive.
With KuCoin Spotlight, investors can access new projects and join in on the ground floor of potential booming investments without breaking the bank.
How it works
KuCoin Spotlight is known for its high level of security and quality in its listed projects. Its selection process spans four independent reviews by teams of 20+ experts from KuCoin Research.
These experts assess candidates from almost 100 perspectives under six important categories; project background, technical prowess, team capabilities, financial standing, marketing endeavors, and third-party review. This demanding protocol weeds out over 90% of potential candidates, and only those projects of a high caliber make it to the listing stage on KuCoin’s premier platform.
Poloniex LaunchBase
Poloniex LaunchBase is a platform that allows users to invest in early-stage crypto projects. Through this platform, users can purchase tokens before they are listed on the exchange and have the potential to earn high returns on their investments.
The platform also offers some of the best security measures available, with detailed analysis conducted by multiple teams of experts throughout the entire selection process. How it works
How it works
Poloniex LaunchBase uses a strict selection process to list only the highest-quality projects. This process includes detailed reviews by teams of experts from different perspectives, ensuring that investors can trust the projects listed.
Once a project is approved and listed on LaunchBase, users can purchase tokens on a first-come, first-serve basis.
Benefits of using crypto launchpads
1. Access to early-stage projects: Crypto launchpads give users access to projects that are still in their early stages and have the potential for large profits.
2. Potentially lower prices: Many launchpad platforms offer discounts on tokens during their launch, which could result in you paying less than those who wait until the exchange lists it in the market.
3. Security measures: Launchpad platforms, such as Poloniex LaunchBase, conduct detailed analyses on listed projects before making them available, ensuring that your investments are secure and trustworthy.
4. High returns: By investing early, you can earn significantly higher returns than those possible with larger market projects.
5. Diversification: Crypto launchpads provide investors with a wide range of projects to consider, allowing them to diversify their portfolios and find a suitable investment.
Risks associated with crypto launchpads
1. Unclear regulations: The crypto market is still largely unregulated, and launchpads may operate in a legal grey area, making it difficult for investors to understand the risks associated with their investments.
2. Volatility: Crypto markets are volatile, and prices can fluctuate significantly over short periods, which means it is possible to lose your investment if the project doesn’t perform as expected.
3. Limited liquidity: Launchpad platforms often require investors to hold their tokens for an extended period before being able to trade them on secondary markets, which could result in limited liquidity or a lack of buyers when attempting to sell.
4. High competition: With so many projects launching at once on launchpad platforms, it can be challenging to determine which ones are the most promising, which could result in some projects failing to perform as expected.
5. Scams: There is always a risk that launchpad projects may be fraudulent, so investors should always research before investing in any project.
Conclusion
Crypto launchpads offer investors a unique opportunity to invest in early-stage projects with the potential for high returns. However, knowing the risks involved before investing is crucial, as the market is still largely unregulated, and prices can be volatile.
Launchpad platforms also tend to have high competition, so it is essential to research and ensure you are investing in a project that will likely perform well. Nevertheless, with the right approach, crypto launchpads can be a great way to build wealth and diversify your portfolio.
