The popularity of cryptocurrencies has seen significant growth over the past few years. It all started with bitcoin, but now, there are over 18,000 cryptocurrencies available (as of March 2022). This growth rate in such a short period of time is astounding and has benefited beginners in the emerging industry.
The rise of cryptos has also attracted a large number of investors, which has led to new developments in the crypto industry. These new methods are now accelerating the adoption of cryptocurrencies and other separate projects.
Another innovation that makes this acceleration and potential entrepreneurs and creators the creation of crypto launchpad platforms. Here’s what you need to know about them.
What are crypto launchpads?
Crypto launchpads, also known as crypto incubators, are a platform for discovering new and innovative crypto projects.
At the heart of the crypto industry are creative developers/entrepreneurs and early investors. The first recipients of successful projects benefited greatly, so it was a matter of time before a forum was opened to allow investors to discover new projects.
Crypto launchpads are platforms that carry out the task of hosting various crypto and blockchain-based projects to maximize revenue while providing early access benefits to investors such as token sales at reduced prices. Investing in a project in its early stages assures investors of the low cost of getting into the project before the public launch.
Projects on crypto launchpads are set up with the necessary infrastructure that provides security and openness to project creators and investors. The project goes through a rigorous testing process before it is included in the launchpad. And for user authentication, startup pads use a comprehensive KYC (Know Your Customer) process for third-party companies.
Launchpad is still a new way for creators to showcase their projects worldwide. As the cost of creating the launchpad is low, it has increased dramatically over the last few years. This has led to an increase in progressive projects on launchpads to gain exposure.
Launchpad allows developers to find dedicated communities of investors and crypto enthusiasts who can help them grow their projects in a profitable way.
How do crypto launchpads benefit investors?
Launchpad helps both investors and creators. For investors, it gives them access to ground zero for new crypto projects. The most important benefit of investing in launchpad projects is access to project tokens at a reduced price. The price of project tokens can go up significantly when they become public, so buying them early in their life cycle can be a very lucrative investment.
Crypto launchpads are also very secure, so investors do not have to worry about scams as these crypto startups ensure that project developers are visible and do not disappear.
To get more such interesting information, stay connected with us!