Those who were around in 2017 will probably remember the first coin craze (ICO), when bits of new projects appeared, many of which brought amazing profits to participants in a matter of weeks or months.
While many ICO-funded projects have proven worthless, a small percentage have grown into existing heavyweight blockchain platforms, including Ether (ETH), Filecoin (FIL), Polkadot (DOT) and Cardano (ADA). Among the top 30 cryptocurrencies by market cap.
The average ICO has yielded returns of up to 1320% for short-term investors, making it one of the most compelling investment opportunities in recent years, although far from impressive in the long-term.
But this was a big problem. It was not very difficult to accurately measure the strength of the project due to the large number of ICOs and at the same time euphoria in the market, but it was almost impossible for ordinary users to secure a place in a high-level ICO for ordinary users – it often required pure luck. Or connections or major investments to protect slot machines.
start of change
That began to change in 2019 with the Binance Launchpad, which for the first time offered a pathway to open early stage projects to the masses, or more specifically, anyone with the original Binance Tool Token (BNB).
While Binance Launchpad undoubtedly started a democratic space for crowdfunding cryptocurrencies, it is gradually becoming less and less accessible. Users now have to stockpile massive amounts of BNB to ensure a reasonable distribution of volume from DEX First Offerings (IDO), making it anything but fair access.
But over the past year, we’ve seen a slew of alternative platforms emerge with one goal: to democratize access to next-generation cryptographic projects and protocols. These platforms are simply known as launch pads, and they have a carefully curated and curated list of new projects that have been made available to their users.
The vast majority of this year’s top performing assets have completed their latest round of token sales through one or more launchers. This includes Project Seed, PulsePad, WagyuSwap and My Neighbor Alice, all of which have delivered a maximum return on investment (ROI) of over 30,000%.
The democratic launch ramps distribute access to the new features among hundreds or thousands of users, each of whom gets a chance to participate or qualifies for a guaranteed reward, depending on the specifics specific to each platform. Since these projects are manually controlled, it helps reduce fraud, money and unnecessary stuff.
However, the explosive growth of these platforms is starting to cast a shadow over users, who are seeing their allocations slowly shrink as the number of users increases. Many decentralized launchers have also started increasing their minimum entry line, where the lowest level of any launcher requires an investment of several thousand dollars.
launch pad industry
Today, the launchpad industry is filled with numerous platforms, many of which target projects launched on specific blockchains or in specific sectors/niches. While there are usually a number of platforms offering launch services for each blockchain, some of them have come to dominate their own chains and accommodate the most high-quality projects.
In its current form, DAO Maker is currently dominating the Ethereum project scene, launching powerful players such as XCAD Network, Opulous, Orion Money, GameFi and DeRace in recent months. BSCPad is generally seen as a launchpad for Binance Smart Chain projects due to recent successes such as NFTLaunch, BitOrbit, WagyuSwap, and ADAPad.
Other upcoming blockchains also have their own distinct launchpads, including Solanium, a Solana-focused launchpad that has hosted incredibly successful SEED, Cryowar, and DeFi Land projects to play and earn; In addition to Avalaunch, which has released a number of much needed assets into the avalanche ecosystem.
On the other hand, BlueZilla has built a long network by developing and operating launch platforms on several blockchains, including Cardano (ADAPad), PulseChain (PulsePad), and KuCoin Community Chain (KCCPad). This strategy appears to democratize access to projects that feature these new chains.
Launchpads are one of the main reasons why Avalanche, Solana, Terra, and many other modern blockchains have experienced such a Cambrian explosion of innovation in recent months, because they provide an easy path for projects to not only fund and distribute their tokens, but also boot. Its first user base.