In the previous two years, cryptos have grown in popularity rapidly. Every month, a slew of new crypto initiatives emerge. Moreover, have you realized that there are over 7000 different cryptocurrencies now? Yes, in recent years, the crypto world has grown in popularity. Last year, the number of cryptocurrency users surpassed 300 million. As a result, crypto-related projects have become popular among startups and corporations.
Furthermore, businesses around the world are believed to have raised up to 1.7 million dollars using IDO launchpads. As the number of crypto projects has grown, there has been a demand for crypto launchpads to promote them. Are you contemplating investing in the IDO launchpad development? Here’s something you should know before diving into the world of IDO.
What is IDO (Initial Dex Offering)?
An Initial DEX Offering (IDO) is a type of crowdfunding that involves issuing coins or tokens on the DEX (decentralized exchange) platform in order to raise funds for the projects. It is the favoured model because it allows tokens to be liquidated in a decentralized setting and provides utmost security.
Investors are leaning toward a more liberal and secure medium after an eventful decade in which various initiatives collected funding for spectacular projects. It’s known as an IDO (Initial DEX Offering), and it’s a mechanism in which a DEX manages and governs the entire crowd sale using liquidity pools.
IDOs are significant now since they are a classic DeFi use case. When the industry awakens to the need for it, IDOs are the first and most important step in the path of comprehensive decentralization processes.
How to Launch an IDO?
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Launching an IDO Launchpad features these steps:
Step 1: Devise a business strategy
Make a plan for the token offering to be listed on a DEX that makes sense. Following that, the plan should include the problem that the project aims to solve, financing allocation, the blockchain on which the project runs, a general marketing strategy, and how to lead the project beyond the IDO and maintain momentum.
Step 2: Create marketing collateral
A website and a white paper are required marketing collateral for an IDO launch, at the very least. Moreover, investor confidence can be boosted significantly by a well-branded, visually appealing website.
Likewise, a smart website can enable the investors who have already logically invested in the project to push the emotional levers. However, many initiatives, especially those without a website, struggle to build a brand image.
An exciting white paper, on the other hand, adds specificity and data to the investor’s experience. Moreover, this brings the investor closer to the end of the pipeline.
Because the objective of a white paper is to sell by educating, it does not contain any hard-sell copy. Furthermore, facts are used to persuade the investor that the project is a good investment.
Step 3: Visit a DEX Launchpad
If a project meets the platform requirements, the IDO will be approved.
Step 4: Create the Token
Anyone with a little technical know-how and decent marketing skills can establish a crypto token .
The DEX lists the tokens for trading after the IDO and Token Generation Event (TGE) are completed successfully. An automated market maker (AMM) such as Sushiswap or PancakeSwap is used to list items.
Step 5: Launch the token to start raising funds immediately
The project team will also create a token pool. Moreover, a token pool is a place where investors pre-pay for their tokens. Here’s a quick rundown for those wondering how to launch a crypto token.
Here, instead of setting a fixed price, the issuer can run an auction with a price that is determined by supply and demand.
What is IDO Launchpad?
A decentralized site that hosts and lists possible IDO initiatives is known as an IDO launchpad. Here, investors can invest in these nascent projects by purchasing their IDO tokens.
However, you can consider the IDO Token Launchpad platform to be a stage where users can engage in early DEX offerings. Moreover, an IDO token launchpad development is an excellent alternative if you want the best potential exposure to a decentralized marketplace.
The exchange and other crypto-based services can be more confident in their approach as a result of all of this. You’ll also get yield farming and other alternatives that will let you add more value to the table. Payments can be made more quickly thanks to smart wallets and other technology.
How to Develop an IDO Launchpad?
If you are one who is trying to set up an IDO launchpad, you have made the right decision. An IDO launchpad development company will help you with the proceedings. They are the best in terms of setting up a well-equipped IDO launchpad for the newest crypto projects.
Best Blockchain to Develop IDO Launchpad
Here is the list of the best blockchains to set up an IDO Launchpad on.
BSC IDO Launchpad
BSCPAD is the Binance Smart Chain Networks’ first decentralized IDO platform. However, BSCPad will make it possible for cryptocurrency projects to distribute tokens and raise liquidity.
Solana IDO Launchpad
IDO’s Decentralized Fundraising Launchpad, the Solster Launchpad, will make it easier for prospective Solana ecosystem projects to raise financing in a distributed manner.
Cardano IDO Launchpad
The goal of the IDO Launchpad on Cardano blockchain is to take advantage of the Cardano chain’s scalability and feasibility in a more stable and structured manner.
Ethereum IDO Launchpad
IDO’s Launchpad on Ethereum will only benefit from increased wealth and features. However, because of the high level of trustability in the market, Ethereum has created a larger opening. As a result, every IDO hosted in a larger pad will eventually be the best option for raising investor reputation and funds.
Polygon IDO Launchpad
Polygon IDO launchpad is highly decentralized. However, they have fair access, fair price, etc. Furthermore, any project can be potentially funded on such a launchpad.
IDO launchpad is a highly decentralized and secured process when you choose the right company. You can start building an IDO launchpad to help raise funds for the potential startups that are in desperate need. Develop the IDO Launchpad from a top-tier development company to become a front-runner in the industry.