We can say that cryptocurrencies have changed the fundraising sphere. It is becoming very hard every other day for cryptocurrency businesses to successfully tread in the industry due to the high competition. As a solution to the problems facing businesses, launchpads were introduced.
It is a crypto platform designed to help startups reach their full potential and mainstream adoption. Generally, there are many ways to safely raise funds, including ICO, IFO, STO, IEO, IDO, etc.
Launchpads help new projects attract the community, thus making it easier for them to tread in crypto. The platforms are like advertising pools which, in addition, help garner crowdfunds. Businesses listed in launchpads are vetted for the utter protection of the sponsors’ wealth.
Moreover, launchpads help reduce the barriers of entry like costs and regulatory requirements.
Following the example of the biggest projects like Binance, other popular platforms implemented their launchpads. They have become one of the most popular ways for companies to raise money for new projects.
Although there are multiple launchpads, very few provide excellent and trusted services. You should keep in mind that investing is still highly speculative and comes with considerable risk. As with any other investment, be sure to conduct research with the help of independent sources before making any decisions.