Those who are among the first to join a successful enterprise always get the greatest rewards. They deserve to reap the benefits of success since they stuck with the project from the beginning. The greatest location to look for a startup in its early stages is a crypto launchpad.
On a monthly basis, the number of cryptocurrencies increases. According to Statista, there are about 7500 cryptocurrencies in circulation as of November 2021. However, as cryptocurrency has grown in popularity, so has the number of crypto frauds. Crypto frauds have increased by more than 30% in 2021 compared to the previous year, according to the Independent. This is where a reputable crypto launchpad (like BullPerks) can help.
We shall discuss what a crypto launchpad is and how it operates in this post. We’ll also go through the most popular crypto launchpads.
What Is a Crypto/NFT Launchpad, and Why Do You Need One?
Because the crypto business is booming and many projects rely on the decentralized world for funding, 2021 has a slew of new coin launchpads to choose from.
Crypto launchpads, also known as crypto incubators, are platforms that enable blockchain-based enterprises to acquire funds while also allowing its investors access to early-stage token sales. Having early access to sales implies that investors may get a good deal on a product before it is released to the general public. Additionally, since the cost of launching on a crypto launchpad is inexpensive (or non-existent), a growing number of companies are turning to them for funding.
Both creators and investors may feel safe when launching a product using a launchpad. New projects are subjected to a thorough screening procedure at top crypto launchpads, and new users are often verified via a third-party KYC (Know Your Customer) process.
Furthermore, using a launchpad to launch a business gives new entrepreneurs access to a network of crypto investors and enthusiasts who are eager to learn about new projects.
Top platforms for launching cryptocurrencies/NFTs
These top crypto launchpads are leading the way when it comes to incubating innovative blockchain-based enterprises. Let’s have a look at how they each function and what their finest characteristics are!
BSCPad, for starters.
The BSCPad is the network’s initial launchpad. The platform’s completely decentralized architecture aids blockchain-based projects with token distribution, financing, and greater liquidity.
The now-famous “two-round allocation methodology” of BSCPad distinguishes it from other launchpads. The approach provides investors with a guaranteed allocation per Tier, which they may acquire in the first round, with any remaining shares offered on an FCFS (First Come, First Serve) basis in the second round, in between BSCPad users.
$BSCPad is the native token used by the platform. The higher a user’s Tier and allocation are allocated, the more tokens they bet.
BullPerks
BullPerks is a decentralized venture capital firm and multi-chain crypto launchpad noted for its openness and community focus.
The creators of BullPerks are well-known speakers, entrepreneurs, and consultants to a number of significant and rapidly-growing initiatives. The platform’s development and marketing staff has extensive expertise in the past in founding, promoting, and growing different digital and crypto-related enterprises.
BullPerks is completely devoted to meeting the demands of its community, offering a secure launchpad for initiatives as well as excellent investment options for investors. BullStarter’s totally decentralized nature allows for a transparent 6-tier structure, with each investor receiving an equal part of allocations.
The platform’s official token, $BLP, is based on the BSC Network and is utilized for Tier upgrades through locking, staking, or farming (the two latter ones will also earn you rewards).
TrustSwap
TrustSwap is a BSC Network-based decentralized launchpad and protocol. The platform’s native currency, $SWAP, provides next-generation multi-chain swaps as well as additional answers to current payment and subscription splitting difficulties.
Staking, Smart Locks, and Smart Swaps are all possible with $SWAP, with the latter enabling any token to be wrapped inside an ERC20 token.
TrustSwap was formed in mid-2020 in Canada, with the primary purpose of mainstreaming smart contracts and enabling “customizable transactions” in decentralized finance (DeFi) and the crypto industry as a whole.
DuckStarter
DuckSTARTER is a decentralized cryptocurrency launchpad that puts blockchain-based initiatives in front of a huge investor community.
DuckSTARTER is DuckDAO’s native platform, and it uses the same $DUCK token as DuckDAO. The native coin is supported by Ethereum and BSC Networks and is a necessary component of platform operation, including Tier upgrade.
Once a team has passed the platform’s verification process, DuckSTARTER provides marketing and professional guidance to help them develop organically and sustainably.
WeStarter
WeStarter is a HECO Network-based cross-chain token initial swap system. The platform was established in the first quarter of 2021, and it now supports the trading of projects based on BSC, Ethereum, and HECO, with Polka, Avalanche, and other public blockchains being added in the future.
WeStarter intends to meet the requirements of IWO (Initial Wallet Offering) for most blockchain assets, as well as the investment desires of its investors, by supporting numerous blockchains. Until far, the platform has launched a total of 16 projects, totaling over $1 billion in IWO volume.
What are the Benefits of Using Crypto Launchpads?
Crypto launchpads serve as a link between investors and entrepreneurs, allowing businesses to obtain funds for project development while early investors have access to early-stage agreements. Let’s take a closer look at this scenario:
• Initiatives – When entrepreneurs use a launchpad to launch their ventures, they acquire what they need: funding to drive the projects forward. A launchpad also provides exposure to a project by exposing it to a large community of crypto enthusiasts.
• Investors – Compared to when the token opens on the public market, early investors (particularly in VC transactions) tend to obtain tokens at a much lower price. For example, the CryoWar bargain on BullStarter surged by more than 120X from its original price.
Which Crypto Launchpad Is the Most Effective?
Each of the five crypto launchpad platforms, as previously established, has a stronghold as the finest crypto launchpad. Each launchpad has its own features and is a reliable and outstanding NFT launchpad.
Depending on your needs, you may invest in crypto launchpad platforms from any of them.
If we must select one, we propose NFTb since it is designed to accommodate everyone’s interests and demands. The information given here may help you understand more about the launchpad.
Who Will be the First to Launch Their NFTs From Their Launchpad?
Crypto launchpad platforms that are allowed onto the launchpads are subjected to a number of inspections to verify that they are one-of-a-kind in terms of artwork or infrastructure. The project is also looking for teams with prior expertise in the cryptocurrency industry and who will not desert the project after its first public offering.
Conclusion
Because of its artworks, use cases, and future application possibilities, crypto launchpad platforms have been ingrained in everyone’s consciousness. It’s no surprise, therefore, that the crypto launchpad market is exploding with innovation, with many big corporations and celebrities joining on board. So, if you’re looking to start your own crypto launchpad, we recommend checking out the best crypto launchpad platforms.