Leading cryptocurrencies like Ethereum, Solana, and Avalanche were all once new, unknown projects with a lot to prove. Investors who spotted them early made huge returns. But many missed the gains and today wish they had entered earlier.
With over 10,000 cryptocurrencies on the market, finding new and low-cap projects with potential is difficult, primarily due to the recent trend of scams and rug pulls. While investing in unproven projects can be rewarding, doing so carries a degree of risk that most investors can’t afford.
Launch pads explained
To more easily find new projects and offset the risk of investing in them, investors have started to look to a relatively new phenomenon in the crypto space: launch pads. Launchpads are platforms that allow new projects to raise funds through early token sales to community members.
Launchpads bring new projects to investors while also providing the selected few with a chance to get in before the tokens are listed for public trading.
In this way, the incubated projects receive considerable marketing and PR buzz, raise a particular amount of money, and provide retailers with access to seed funding, which is usually reserved for larger investors.
Popular Launchpads
A lot of successful crypto projects originated on launchpads. For example, Polygon, formerly known as Matic (layer 2 scalability solution for Ethereum), The Sandbox (a leading metaverse ecosystem), and Axie Infinity (top blockchain game) all launched from the Binance Launchpad.
Polkastarter, a launch pad on the Polkadot network, has also been involved in several popular launches. Thetan Arena (popular MOBA-style P2E game), Orion Money (a multi-chain stable currency bank), and Wilder World (an immersive 5D metaverse) are all common names within the crypto community that debuted on Polkastarter. .
A new launchpad that’s generating buzz is Shibapad. It’s a community-oriented launchpad with plans to completely hand over its operations to its members through a DAO. DAO stands for Decentralized Autonomous Organization, a type of organization that is democratically managed by community members.
Community members submit proposals and use their tokens to vote. Proposals can be anything from hiring developers, protocol changes, launch token lists, and more. Accepted proposals are automatically applied using smart contracts. Thus, DAOs allow community members to manage projects with confidence.
On Shibapad, each of their native SBP tokens counts as one vote. Early investors that purchase their token will enjoy the benefit of greater voting rights, giving them a greater say on future Shibapad changes and launchpad token listings.
Recognizing the viral potential of community or “meme” tokens, Shibapad welcomes them with open arms. The platform also says it checks the legitimacy of each project.
