What are Crypto launchpads
Over the past years, crypto dapps have evolved to meet ever-satiable human needs. There was a need for Launchpads to be created. This was in a bid to tackle the interest of early investors in crypto projects without fear of being rug pulled or scammed
What is a Launchpad?
A launchpad is a decentralised application that stands as a middle man between investors and crypto projects. These applications are basically for new projects that want to generate initial liquidity or launch a new coin or crypto project.
Most times, token prices on a launchpad are given at a discounted rate compared to when it finally gets listed for the public to purchase.
This has given rise to lots of users investing in them.
Are all launchpads legit?
In the crypto space, there's a term known as DYOR, which represents Do Your Own Research. I can't say that all launchpads are legit, but it is necessary to DYOR before using any Launchpad in the crypto space.
Are launchpads for everyone?
Honestly, some launchpads may prevent people in certain locations to make use of them, but asides from that, Launchpads are open for everyone to use. Although there are several criteria to use, then it is open to all.
Requirements to use a Launchpad?
Several launchpads have several requirements to use them, but most times a user is required to stake a certain amount of the launchpad's native token which unlocks access for the user.
Several launchpads make use of the staking principle, which also comes with a tier system. the more amount of tokens are staked, the more the allocation of the user.
Are Profits guaranteed for all Launchpads?
NO, profits ain't guaranteed for all launchpads, in as much as in most cases presale price is lower than the actual market price, there are cases where the market price is far lower than the presale price
Conclusion
There are a lot of projects out there that are launchpads, in as much as you want to take a bold step to lock up funds in a launchpad, be sure to make the right choice.
