With the crypto industry expanding without an end in sight, projects are increasingly dependent on different platforms that allow them to connect with potential backers and early investors.
These crypto launchpads offer early access to stage sales or a specific bargain price for people interested in investing in the project. They are a cost-effective option to raise funding. At the same time, they offer people interested in investing in promising projects a secure place to back up their preferred projects.
Why Can Crypto Launchpads Be Beneficial?
Crypto Launchpads, or Crypto Incubators, allow projects to conduct a fundraising event for their capital by offering a token equivalent in exchange. Launchpads serves as a bridge to link investors from all over the world with revolutionary and promising startups. The projects would get their necessary funding from successful sales. On the other hand, early investors benefit from participating, such as lower purchase prices and sometimes even token or NFT airdrops.
Launchpads also serves as a two-way marketing tool for both projects and investors. Once a project has launched on a specific platform, they will get interested participants from the launchpad community. Meanwhile, the launchpad community or investors would get first-hand information about upcoming projects on the other side of the coin.
Like many other aspects of crypto platforms today, launchpads can either be centralized using traditional technologies or opt for decentralization and run on the blockchain itself. Each has its advantages and disadvantages.
Comparison of Centralized VS Decentralized Launchpads
In a nutshell, both types of launchpads offer project developers a platform to raise funding for their projects and for investors to invest in profitable ones. How it goes about is the difference.
Coming from its name “centralized,” these types of launchpads are held on centralized exchanges that already serve as trusted trading venues but with the addition of launchpad elements. Centralized Launchpads give both the project and investors a sense of security based on the platform’s proven track record.
However, a high level of security can both be a positive and negative aspect at the same time. The caveat to security is the rigorous KYC process for investors and projects. These types of processes usually deter users that want to stay anonymous.
Since the KYC process often deters anonymous users, one aspect of encouraging them would be the transaction traffic. Centralized Launchpads run on their server technology and do not mainly rely on the blockchain to run their token sales. This gives them freedom from the blockchain traffic and high gas fees that most users compete against on decentralized platforms.
Another unique aspect of Centralized Launchpads is that all transactions on the blockchain are shown on the platform’s centralized address instead of each users’ individual.
Initial DEX Offerings (IDOs) is the latest evolution of token sales. Decentralized Launchpads offers projects a method to raise funds faster, cheaper, and more cost-efficient.
As no centralized figure interaction is necessary for token sales, Decentralized Launchpads rely on smart contracts. To participate in an IDO, users will only need to connect their wallets to the platform. Allocations would often require whitelisting or holding of tokens. On the other hand, Public Round or First-Come, First-Served (FCFS) would only require enough funds to buy the tokens. The major downside to running on blockchain smart contracts is high traffic and volatile gas fees. Users would observe this during IDO, TGE, and listing events.
There are many decentralized launchpads available in any blockchain network, and their strictness and KYC process levels for projects vary. Some platforms may not require approval and review, while others require a quick KYC process.
How Roseon Tackles The Issues
Roseon has committed to becoming a bridge between centralized and decentralized features to ease the crypto journey of its users while maintaining a certain level of comfort, trust, and security. Developing its launchpad as a gateway to CeDeFi, GameFi, and other crypto projects were added to its roadmap last November 2021.
RoseonPad is the mobile-first centralized launchpad first offered in November 2021. Like most centralized platforms, RoseonPad required completing a KYC process after registering on the WonderApp. Roseon has partnered with a third party, Sumsub, to streamline and simplify this process. With its pleasing graphics and user-friendly UI, RoseonPad simplifies the IAO process. Just a few clicks required to participate in the token sale makes it easy even for newcomers to explore the launchpad scene.
With our metaverse expansion this 2022, Roseon will bring WonderLaunch to its users. Parallel to its mobile and centralized counterpart, WonderLaunch is a web-based community-driven decentralized launchpad. Instead, to participate in the IDOs (Initial DEX Offering), users only need to stake specific $ROSN to the project of their choice.
Users will now have the freedom to choose between each launchpad type and only need to hold or stake $ROSN to join! We will release details about Roseon World’s updated features soon, so follow our official news channels.
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