What Is Launchpad In Crypto? Launching a Crypto Project to the Moon in 3, 2, 1…

WhiteBIT
Published 26 October 2023
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What Is Launchpad In Crypto? Launching a Crypto Project to the Moon in 3, 2, 1…

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In the ever-evolving world of cryptocurrencies, new projects emerge daily, each potentially reshaping the industry. However, for these projects to turn their concepts into reality, they frequently require a helping hand. This is where Cryptocurrency Launchpads act as catalysts that bridge the gap between vision and execution. These platforms allow an ambitious shuttle to become an actual spacecraft capable of conquering crypto space. So, what is a crypto launchpad? In this article, we’ll explore what it is, how it works, and its significance in the world of digital finance.

What is a Launchpad in the Cryptocurrency Industry?

Crypto launchpad is a platform or service designed to assist crypto projects in their journey from concept to reality. Its primary role is to provide a range of services that enable these projects to thrive, including crowdfunding, presales, and liquidity support.

The Role of Launchpads in Cryptocurrency

Crowdfunding 

Launchpads helps cryptocurrency projects raise funds by offering tokens or coins to investors in exchange for capital. This process is often called a token sale or Initial Coin Offering (ICO). Much like a traditional crowdfunding platform, they facilitate the collection of funds from individuals interested in a particular project. Launchpads provide a platform for conducting these sales, simplifying the process, and enabling project teams and investors to participate in the crypto project’s growth. This method allows projects to secure the financial support they need to develop their concepts and bring them to fruition.

Presales and Early Access

Launchpads also offer opportunities for early investment in new projects. Before a crypto project’s tokens or coins are made available to the public, they are usually offered to early investors at a discounted rate during a presale. Launchpads facilitate this process, attracting early backers. These presales or token sales allow early supporters to get in on the first floor, potentially reaping the benefits as the project gains momentum.

Liquidity Support

In addition, liquidity is a critical factor for the success of a cryptocurrency. Crypto Launchpad Platforms often provide liquidity support to ensure a project’s token or coin has enough trading activity to be viable in the market.

Investor Trust: Investors feel more secure participating in a project when it has been vetted and supported by a trusted launchpad. This increased investor confidence can lead to higher participation in token sales and greater capital influx for the project.

How Do Crypto Launchpads Work?

Starting a project through a launchpad in crypto typically follows a series of well-defined steps. Here’s a typical process outline:

  • Selection: A project applies to a cryptocurrency launchpad for support. The platform reviews the project’s White Paper, which typically includes details about its concept and technology, verifies the team and business model to determine its viability;
  • Fundraising: The main event, the token sale or Initial Coin Offering (ICO), occurs. At this stage, investors purchase the project’s tokens in exchange for their investments. The sale can be conducted in various formats, such as auctions, fixed-price sales, or other methods defined in tokenomics;
  • Listing: After a successful fundraising campaign, the next critical step for a cryptocurrency project is to make its tokens or coins available for trading on various cryptocurrency exchanges. This listing provides liquidity and accessibility to a broader range of investors and traders, contributing to the project’s overall success.
  • Integrated Solutions: Certain cryptocurrency exchanges, such as WhiteBIT, offer an integrated approach that combines the launchpad and the listing process. The launchpad’s fundraising campaign and the listing on the exchange are interconnected, simplifying the process for the project and its supporters.

Significance of Launchpads in Cryptocurrency Projects

  • One of their key functions is Risk Mitigation. Through rigorous due diligence, audits, and meticulous assessments, launchpads help identify and filter out potential scams and fraudulent schemes, ensuring that only trustworthy and viable projects are presented to investors. This rigorous scrutiny safeguards investors and fortifies the integrity of the broader cryptocurrency ecosystem.
  • Accessibility: Launchpads allow small and large investors to partake in the early stages of promising projects, leveling the playing field and empowering diverse supporters.
  • Network and Expertise: By leveraging the launchpad’s network and expertise, cryptocurrency projects can gain valuable insights, advice, and support throughout their development.
  • Trust and Credibility: Reputable launchpads bring a sense of trust and credibility to cryptocurrency projects. Their involvement and endorsement act as a vote of confidence, attracting potential investors and lending these projects additional credibility and appeal in a market.
  • Regulatory Compliance: Moreover, launchpads prioritize regulatory compliance. Ensuring that projects adhere to legal standards, they assist projects in navigating complex regulatory landscapes, mitigate legal risks, and reassure investors.
  • Exposure and Visibility: Another substantial contribution of launchpads is their role in increasing a project’s exposure and visibility. Through marketing and community-building efforts, they extend a project’s reach, generating more interest and support, which can significantly impact the project’s recognition and success.

WhiteBIT Launchpad: How it Works and How to Get Involved

The WhiteBIT Launchpad is a dynamic platform designed to support cryptocurrency projects and offer users the opportunity to participate in groundbreaking ventures. This section will delve into how the WhiteBIT Launchpad functions and provide a step-by-step guide for both cryptocurrency projects and users on getting involved.

Cryptocurrency Projects

  1. Application and Review: The journey starts by applying for the WhiteBIT Launchpad. Projects are carefully reviewed to assess their viability, team, and business model, as was mentioned above;
  2. Invite Money: If the project is approved, it can initiate fundraising through the launchpad. Investors can participate in token sales or coin offerings, providing the necessary capital for project development;
  3. Token Listing: Once a successful fundraising campaign is completed, the project’s tokens or coins are listed on WhiteBIT, granting access to a broader audience of potential users and investors;
  4. Community Building: The WhiteBIT Launchpad supports the project in cultivating a robust and engaged community, which is vital for long-term success.

WhiteBIT Launchpad for Users

  • Create an Account: To participate in WhiteBIT Launchpad, you must create an account on the WhiteBIT exchange platform. This involves standard signing up and identity verification procedures (KYC);
  • Fund Your Account: You should deposit funds into your WhiteBIT account afterward. Buy and transfer to Holding at least 200 WhiteBIT Coins (WBT). These assets will be used to calculate the USDT equivalent allocation amount with which you can vote for the selected asset;

See the article “What is Holding, and How does it Work?” for more details on Holding or Owning the native exchange coin WhiteBIT Coin (WBT).

  • Review Projects: Browse the available projects on the WhiteBIT Launchpad, reviewing their White Papers, team details, and other project-specific info. DYOR well;
  • Participate in Token Sales: Once you identify a project of interest, participate in the token sale or coin offering through the WhiteBIT Launchpad. This may involve the purchase of project-specific tokens or coins;
  • Token Distribution: After a successful token sale, assets are distributed to your WhiteBIT account that you can hold or trade with on the exchange;
  • Stay Informed: Stay tuned about project updates, news, and developments. You can also join the project’s community to engage with fellow supporters and enthusiasts.

The WhiteBIT Launchpad provides a structured and secure environment for cryptocurrency projects to access fundraising opportunities and for users to discover and invest in innovative ventures. Whether you’re a project seeking to raise capital or an individual looking for the next ample opportunity, WhiteBIT Launchpad offers a gateway into the exciting world of cryptocurrency projects.

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Vote for New Projects and Be the First to Receive Tokens Within WhiteBIT Launchpad

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Into the Crypto Space

In the thrilling crypto cosmos, launchpads have burst onto the scene like rockets of opportunity, propelling innovative projects to infinity and beyond. These dynamic platforms offer structured solutions for crowdfunding, presales, and liquidity support and provide investors with confidence and convenience.

Their significance in shaping the future of this ever-evolving landscape cannot be overstated — they are the gravitational force that pulls projects towards endless possibilities, making each launch an exciting cosmic adventure.

It’s not just a project launch; it’s a rocket launch that aims to take investors and the project itself “to the moon” in 3, 2, 1…

FAQ

A crypto launchpad is a platform for launching new cryptocurrency projects and tokens. Its purpose is to provide a secure and efficient way for projects to raise funds and gain exposure in the crypto market.

Crypto launchpads facilitate token sales, marketing, and community building for new crypto projects. They also often offer services like auditing and security to ensure the legitimacy and safety of their host projects.

Launchpads in cryptocurrency differ from traditional startup financing methods by utilizing blockchain technology and decentralized fundraising mechanisms, such as Initial DEX Offerings (IDO) and Initial Exchange Offerings (IEO), which enable global participation and liquidity.

Crypto launchpads can conduct various token sales, including Initial Coin Offerings (ICOs), Initial Exchange Offerings (IEOs), Security Token Offerings (STOs), and more, depending on the platform's capabilities and regulatory compliance.

To vote for projects:

Hold a minimum of 200 WBT coins in Holding. You can use them for voting calculated in the equivalent of USDT;
Select a project, click “Vote,” and use your WBT coins in Holding (in the USDT equivalent) for voting;
If the project reaches the required amount in USDT, you will receive a share of the project's tokens based on your contribution. Unused allocation will be returned to your balance.