Today many cryptocurrencies are available in the crypto market. And every month new cryptocurrencies launches on different crypto launchpads. But do you “What is crypto launchpads? and “What are the best launchpads for crypto?
What is a Crypto Launchpad?
Crypto Launchpads are a platform where crypto investors can find the newest and most promising DeFi projects. In simple words, Crypto Launchpads offer an extra layer of security from scams and rug pulls. Crypto launchpads handpick each project and check them according to security and quality processes before promoting them on their platform.
As a crypto Investor, the best way to earn huge returns on your investments is to invest in an early-stage of crypto launch. We have seen some best examples Including Shiba Inu, Babydoge, Dogelon, Akita Inu, etc. All these coins skyrocketed after a few months of their launch. And the early investors have earned huge returns on their investments.
But it is very difficult to select which coin will give better returns and what are the best upcoming DeFi projects. Whether these projects are legit or not.
To solve these problems launchpads are there, these launchpads like Binance Launchpad are gaining popularity because they carefully select each and every DeFi project before promoting them.
Let’s read more about some most popular Crypto Launchpads:
1. Binance Launchpad
Binance is the largest cryptocurrency exchange in the world. And Binance Launchpad is also a part of Binance to launch new crypto DeFi projects. Binance launchpads tokens are designated as BSCPAD. It is also known for establishing projects like BitTorrent and Fetch.AI.
Binance Launchpad is built on Binance Smart Chain (BSC) and it utilizes a tier-based system, where users can stake their Binance coins to earn lottery tickets and also get the opportunity to participate in the IDO process.
Trustpad is another kind of launchpad platform by Binance. It is a decentralized multi-chain fundraising platform that enables organizations to raise capital while safeguarding the funds of early investors. It supports Ethereum, Certik Skynet, WalletConnect, Solana, etc.
BoostX is also another “multi-chain” technology launchpad that enables its investors to participate in DeFi projects. BoostX selects and evaluates crypto projects across a variety of blockchains including Binance Smart Chain, Avalanche, Polkadot, Ethereum, and Terra.
BoostX also provides advisory services for startups along with mentorship and crypto marketing services.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.