Bitcoin was probably one of the earliest things to smash the world with blockchain technology. Then came Ethereum in 2014, fixing the technology in the real world with the concept of smart contracts. It favorably allowed a variety of domains to find their space in the crypto world.
Consequently, there was a deluge of new projects launching on various blockchains. Thus, the requirement for supporting these new crypto projects. Initially, ICO, IEO, and others came as a source of fundraising, but they had their own set of flaws. Thereby, IDO or Initial DEX offering came in as a decentralized exchange-based platform for launching new coins, tokens, and crypto projects.
IDOs are becoming increasingly popular, and new launchpads frequently join the crypto world. In the upcoming blog, we will analyze the top 10 IDO launchpads for web3 projects in addition to discussing IDO launchpads, their importance, and the steps to launch an IDO on a launchpad
What is an IDO launchpad?
Table of Contents
IDO(Initial DEX offering) Launchpad is a crowdfunding methodology for new crypto projects. Here, projects can raise funds through decentralized exchange platforms by releasing their IDO tokens.
Look at the following schematic to understand the IDO launchpad in a nutshell.
Importance of an IDO launchpad
Trending in the crypto world for some time now, IDO launchpads have become almost synonymous with the new projects launching on the mainnet.
Advantages of IDO Launchpad:
The decentralized platform on which the coins are launched contributes to improving liquidity.
- Possibility for Growth
IDO Launchpad improves the project’s clarity and aids in getting support for the project’s expansion.
- Chance for Investment
The way it highlights viable crypto initiatives aids people in acquiring the funds they deserve.
- Beginner centric
Provide an opportunity to invest in early crypto projects before they are listed publicly. It enables investors to buy tokens at a low cost, giving them chances to maximize their ROI.
How do projects launch an IDO on Launchpad?
A fundraising strategy known as an Initial DEX Offering (IDO) aggregates investment funds from retail investors.
IDOs are successful because DEXs can offer instant token liquidity. DEXs can function without any unanticipated interruptions for their use because of liquidity.
Most projects give the DEX liquidity by distributing a portion of the funds to aid trading.
Following is a step-by-step methodology for projects to raise their IDO using an IDO launchpad:
In reality, launchpads are becoming congested. Not all are consistently successful in securing top-notch projects for their users. Due to this, choosing a launchpad might be difficult in itself. Keeping this in mind, we will look at the top 10 dominant launchpad platforms for web3.0 projects.
Step 1: Create a business plan
Devise a tentative timeline, the project’s aim, the problems it addresses, and fund allocation for every project component.
Step 2: Provide whitepapers, websites, and other marketing collateral.
A clear and comprehensive white paper covering every detail of your project’s functioning, and the aim it seeks to achieve, is of utmost importance. The white paper employs statistics to convince investors that the project is an effective investment option.
Additionally, a well marketed is usually beneficial to push the investor’s confidence.
Step 3: Choose a DEX launchpad of your choice
In this blog itself, we have mentioned the top 10 launchpads for web3 projects. Choose the one that best suits your requirements. Read about its terms and conditions, and go ahead with your project’s listing.
Step 4: Generate the crypto-token
There are many applications that users can use before generating their crypto token. Following the completion of the IDO and Token Generation Event (TGE), the tokens are listed for trading on the DEX.
Step 5: Launch the token and start raising funds for your projects.
The project team creates a token pool. Investors can prepay for their tokens in a token pool.
Once the TGE occurs, shortly after the IDO, the investors will receive their tokens. By conducting an auction in this way, the issuer can achieve a price determined by supply and demand as opposed to setting a fixed price.
Top 10 IDO launchpads
- DAO Maker
The DAO maker built on the Ethereum platform is considered one of the most trusted IDO launchpad platforms, citing its longevity and high standards. Through IDO-like offers, the platform was one of the first to start democratizing access to new initiatives.
DAO Maker creates and invests in growth technologies and funding habitats that develop ways to reduce the concerns of investing in cryptocurrencies. To launch a project with DAO Maker’s IDO platform, which works with 1inch, Wanchain, and Ronin, among others.
Additional Read: What is DAO?
A permissionless DEX, Polkastarter, created for cross-chain token pools and bids, allows projects to raise funds in a decentralized and open-source setting based on Polkadot. The platform enables ICO projects to raise money by creating a swap pool with a defined token purchase rate. Until the initial supply has been purchased, the swap pools preserve the token price throughout the sale.
Community members are not allowed to participate in IDO listing provided they offer liquidity or hold a particular quantity of POLS in their wallet, currently held at 250 POLS over a week.
- Red Kite
Red Kite is a relatively new player in the launchpad and IDO marketplaces. It supports investors who want to participate in open token sales for emerging crypto ventures. Red Kite utilizes $PKF, the native utility token of the PolkaFoundry platform, as part of its ecosystem.
Red Kite projects are carefully scrutinized to stop fraud in the future. It has a multi-chain support method appropriate for both BSC and Ethereum pools. With the addition of Polkadot support, it will be the first Polkadot network platform to provide a selection of pool kinds and whitelist requirements.
This is one of the most significant crypto gaming launchpads in the market today. It integrates some of the most famous networks so that it becomes easier to bring home the best experience and allows users to play to earn.
It is a one-stop destination for game finance. The platform is useful for gamers, investors, and traders in one guild and aggregator and is also exclusively available for games. It has a lot in store for game projects, game investors, and game players.
BSCPad is renowned for the periodicity and caliber of its IDOs, being one of the first platforms to support projects developing on the Binance Smart Chain network.
BSCPad uses a tier-based mechanism to control user allowance to participate in its IDOs. To access their tier on the platform, users must stake a specified minimum amount of BSCPAD tokens, after which they will either participate in the lottery round or guaranteed allocation.
BullStarter is the ultimate platform that helps users streamline their crypto journey. It is the fairest and most community-oriented decentralized VC and multichain launchpad.
The platform unleashes the power of blockchain and tremendous opportunities for people who want to invest in the best crypto projects. They focus on bringing only those deals to the table that have the highest quality, resulting in the generation of promising returns for the community members.
- PAID Network (Ignition)
Users get an opportunity to maximize the potential of their project with the Ignition Launchpad of the PAID Network. This IDO launchpad platform has a track record of debuting the best within this space.
Industry experts guide users in launching their blockchain projects with the support of the PAID community and other ecosystem partners.
Built on the Binance Smart Chain (BSC) network, TrustPad is a decentralized multi-chain fundraising platform. It intends to make it possible for projects to generate capital and to provide traders with security.
For staking, users require TPAD to take part in IDO. There are three ways to obtain IDO for new blockchains: guaranteed allocation, lottery, and FCFS (first come, first served) basis.
Additionally, there is no charge for staking pools. Every transaction or transfer is subject to a single redistribution cost of 1%, dispersed among all TPAD owners. Users must create a cryptocurrency wallet and link it to their Trustpad profile to participate in IDOs (initial DEX offers) of new projects.
Seedify is another crypto-gaming launchpad that is based on the play-to-earn revolution. The platform provides Initial Game Offerings (IGO) and aids the games in reaching crowdsourced funding, enhancing marketing, and community building.
Also, it helps the users get the tokens of upcoming games that still need to be listed on the exchanges.
Within less than one year of its launch, Starter became the leading IDO launchpad by ROI. This IDO launchpad platform. It has created over 50 times growth for its launch projects.
With its innovation, Starter has solved the three main challenges Blockchain faces. These include securing investors from scams, introducing interoperability and scalable technology, and recognizing all the potential projects within the realm of never-ending startups.?
Other Notable IDO Launchpad
Other than these crypto token launchpads, another promising one is Tokonomo.
These are some of the features that will make it a significant one this year and in the near future.
- More options for editing the IDO after launch (the ability to reschedule the IDO date, for example)
- Save on Gas with Tokonomo’s optimized smart contracts
- Faster operation of smart contracts and displaying data from the blockchain
- Fast, automatic, and free KYC (which links identity and your web3 wallet)
- Tracking project metrics after they are listed on the DEX
- Automatic smart-contract scanner
- ROI tracking for users
- Lower Fees
IDOs were developed to address many of the issues that ICOs raised. Project teams can allow investors to engage more directly with their preferred projects by using IDOs.
IDOs’ lower admission requirements may also be viewed as advantageous. If it weren’t for IDOs, many worthy listing initiatives would not have been able to raise money through other channels.
Having said that, scams like rug pulls are not new to the DEX environment. Hence, it is always recommended to do your due diligence before participating in any IDO.