Some years ago, Blockchain technology opened a new path of fundraising methodology for businesses, replacing time-consuming traditional processes. Token-based fundraising models, such as token offering, coin offering, exchange offering, and so on, are made possible by the Initial Coin Offering ICO Model. However, as time passes, an innovative crypto fundraising concept emerges, transforming the ICO into an IDO. According to the most recent statistics, the IDO Launchpad Development has received a total investment of $1.7 million. Many investors and venture leaders are looking for the best IDO Launchpads these days. So, what is this platform all about? And what is it capable of? Let’s take a closer look at this blog!
1. What Is An IDO Launchpad?
IDO, a short form of Initial DEX Offerings, is widely seen as an advance to ICO, involving the token launching on DEX exchanges without intermediaries. This decentralized platform is based on a liquidity pool where investors can exchange tokens such as stable coins and cryptocurrencies. Actually, there are many IDO projects available in the market that are not listed on any launchpad platform. These projects operate independently and do not require any outside assistance, which may take a long time and result in a limited number of leads. Therefore, listing projects on the launchpad is an effective way to attract investors and allow them to aid in the exponential growth of the listed projects.
Developed on a Blockchain network, the IDO Launchpad is a decentralized platform that creates value for both cryptocurrency startups and ordinary users with safety guarded. It enables people to invest in these projects listed on the launchpad at a special pre-sale price before they enter the market, resulting in higher returns, while also supporting multiple chains for entrepreneurs to add their BEP20 and ERC20 tokens. As a result, IDO Launchpad's tools are a one-stop-shop for decentralized fundraising of high-quality projects.
2. How Does Crypto IDO Work?
The IDO Launchpad is a decentralized platform to give businesses a chance to list their cryptocurrency projects, which have to be reviewed and verified carefully before visible. This platform operates efficiently thanks to trust between the platform, cryptocurrency project owners, and users. It benefits investors by providing them with high returns on their investments, as well as all of the crypto projects listed on the IDO launchpad platform, which are backed by an IDO token. Meanwhile, all of the necessary features will be equipped to keep users from experiencing instant market trading to high liquidity.
To attract global users, the IDO token launchpad platform is well-structured and built with cutting-edge blockchain technology. It is completely decentralized in the IDO launchpad, which eliminates the need for a centralized authority to benefit users by lowering gas prices, waiting times, and allowing for faster transactions. To manage the overall transaction flow, the IDO launchpad platform is powered by automated Smart Contracts while to improve transaction speed, it uses a Peer-to-peer Network.
3. What Can Expect From An IDO Launchpad?
Any project that wants to be visible on the IDO launchpad has to go through a rigorous checking process. Such owners’ projects need to hand out some necessary documentation and proposals to make sure the legitimacy and feasibility of the project. This will be verified by the DEX platforms before listing, which would make all the investors ease at mind when pouring their money into any crypto-based project on the launchpad.
b. Instant Liquidity
A token's primary factor is liquidity, and it is also the reason why most of the start-ups go for the Initial DEX Offerings. A token which cannot generate immediate liquidity can be detrimental to the token's value. The liquidity pool would ensure that liquidity is available at all times and that prices do not fluctuate. Only when the project needs some value for the tokens to acquire liquidity is the swapping of tokens in the liquidity pool enabled.
c. Fair Fundraising Practices
Unlike traditional fundraising models, in which influenced investors benefited by buying a large number of tokens at a low price and then reselling these tokens on secondary markets at inflated prices, the IDO offers instant liquidity and token development. On this decentralized platform, all investors, from the general public to a small-time trader to a big short, can purchase IDO tokens at a reduced cost, and the value of the IDO token increases when the token is put up for the public sale. They can start trading right after the IDO is live. The earlier they buy tokens, the more likely chances they get to sell them at a higher price as the price starts to increase from the time the first investors buy.
4. SotaTek Showcase Of IDO Launchpad Projects
Being listed in the Top Rated IDO Launchpad for the Crypto Firms, Red Kite is one of SotaTek’s outstanding IDO Launchpad Development. With 12 excellent Blockchain experts, SotaTek has finished this project after 24 man-months, utilizing React, NoteJS, and Solidity as main technology stacks. Red Kite is a cutting-edge launchpad and DeFi platform powered by PolkaFoundry, which offers support to innovative crypto projects. All token sale projects on this decentralized platform are carefully selected through a rigorous assessment procedure from the origin of the project teams to validity and performance. Besides, a network of prominent marketing partners in the crypto sector, such as Ethereum Blockchain, Binance Smart Chain, and others, will also promote such ventures.
Another IDO Token Launchpad by SotaTek is DAO Maker - a DAO Pad's flagship product and a multi-investment platform (Visit website here: https://daomaker.com/). DAO Marker provides investors with a safe early-stage investment environment and growth solutions for innovative crypto companies. This platform also has its own native utility token called DAO. This coin allows investors to participate in the IDO of upcoming crypto initiatives. Because it does not support fiat currency, the platform can be connected with a variety of wallets. With a 24-hour trading volume of $3,939,028, the current DAO Maker price is $2.2 (as of 15 Feb 2022). A total of 275 million DAO coins are in circulation, including 70 million in circulation.
Officially entering service on Dec 15, 2021, Metaverse Starter Launchpad is another amazing SotaTek project, which aims to gather traditional games and renew them by leveraging Blockchain, NFT, and Metaverse. Metaverse Starter supports all multichains, including BSC, ETH, Polygon, etc. Besides, in order to ensure secure user identification and seamless user onboarding, this platform collaborates with Blockpass and incorporates their KYC system into Metaverse Starter. Visit website: https://metaversestarter.io/#/
5. Final Thoughts
To sum up, an IDO launchpad is a really necessary component for the Crypto Market. It is regarded as the best crowdfunding platform, attracting millions of investors' interest in this project. The development of the IDO launchpad not only allows business entities to be more protective during a public sale and efficient crowdfunding but also enables investors to gain firsthand knowledge of general sales in a decentralized setting with low-cost operations.
Want to build an IDO launchpad platform using the latest technology with cost-effectiveness? Let’s contact us. SotaTek is a leading Blockchain Development Services with 600+ experienced in-house employees, who can provide you with the top class-exclusive Blockchain Solutions. Our Blockchain and Cryptocurrency experts are always willing to make your firm shine in the crypto market with a customized IDO platform development. So, discuss with us now to get a quote and let our partnership bloom.