Published
1 year ago on
June 08, 2022
When it comes to crypto, it can be difficult to know which projects are worth investing in, especially the newer projects entering the market. Having to consider profitability, scalability, community, and so on, there’s a lot to think about before investing. This is where launchpads come in.
Launchpads are platforms that allow blockchain-based crypto projects to raise money as they enter the market. By promoting the safest and most reliable newcomers, investors can find trustworthy projects to invest in. As all projects are in the presale stage, investors find low prices whilst building a strong community for the project. Some of the best launchpads include PancakeSwap IFO, Binance Launchpad, and BoostX.
PancakeSwap IFO
This launchpad is a common one used with investors due to being a part of PancakeSwap, a reliable, well-known crypto project. Built on the Binance Smart Chain (BSC), PancakeSwap IFO only supports new projects that are also built on BSC.
Many new projects tend to use PancakeSwap IFO to promote themselves because they know PancakeSwap has a large community in which they will reap the benefits. Most projects yield significant returns within the first few hours of listing, helping them build a community and do well in the long run. This is also great for users as they know the projects are reliable.
Binance Launchpad
One of the most used launchpads is Binance Launchpad. As Binance is a common crypto exchange, investors can trust the projects Binance Launchpad showcases, especially as the launchpad ensures each project goes through a rigorous process to ensure the safety and security of each project.
Binance Launchpad has proven itself as it has successfully helped the launch of various crypto projects. One of the biggest ones is Polygon (MATIC) which is ranked 17th on CoinMarketCap at the time of writing. Helping this project launch and build a community, the early investors are now reaping the benefits as they have watched Polygon grow and rise in the market.
