To say that cryptocurrency has morphed the fundraising sphere would be an understatement. It is becoming very hard for cryptocurrency businesses on a day-to-day basis to successfully tread in the industry due to the stark competition they face. Enter launchpads.
Launchpads are a crypto platform designed to help startups achieve their full potential and mainstream adoption. Generally, there is a plethora of methods available to raise funds in a secure fashion, some of which include ICOs, IFOs, STOs, IEOs, and IDOs.
Launchpads help new projects attract a community, thus making it easier for them to stay afloat. These platforms could be likened to advertising pools which additionally help garner crowdfunds. Meanwhile, the businesses listed in launchpads are vetted to protect sponsors’ investments.
Moreover, launchpads help reduce entry barriers like costs and regulatory requirements.
Following the examples of world-beaters like Binance, other popular platforms have implemented their own launchpads. They have become one of the most popular ways for companies to raise money for new projects.
Although a large number of launchpads exist, very few of them actually provide top-notch, reliable services. One thing to always keep in mind, though, is that investing is still highly speculative and comes with considerable risk. As with any other investment, be sure to conduct the proper research using independent sources before making any decisions.
We’ve presented below the most popular of these projects for your convenience.