Why Crypto Launchpads Are Useful

In general, in the crypto world, the earlier you start dealing and investing in a project, the more likely you are to make a big profit.

However, discovering a new project is not easy and if you miss out on a promising project, because you didn't know about it, you could easily miss out on making a bigger profit.

But how do you find these brand new projects if no one is talking about them and they are not in the public domain. Is that even possible? Yes thanks to Crypto Launchpads.

Crypto launchpads are getting a lot of attention. They help us find new projects, that are still in their early stages and we can also be sure, that we won't be scammed, because they have a due diligence process.

In this article we will look at some of the launchpads, that are available.

Binance Launchpad

Operating since 2017, Binance has grown to become the largest and leading cryptocurrency exchange. Today, it is not only operating as a cryptocurrency exchange, but has also hosted all kinds of other crypto services.

Binance has successfully entered the Defi industry and has its own token called Binance Token. Binance's launchpad was the first successful example of it hosting projects such as the popular Pancake Swap.

Projects released through the Binance Launchpad meet strict compliance requirements, that are compliant with the standard.

Red Kite

Red Kite is a new launchpad, where great care is taken to ensure, that new crypto projects that are released are safe for investors from scams.

People are now thinking twice about where to invest online, because they fear of scams. A US study has shown, that people have lost nearly 100 million USD, because they have been victims of scams.

Ramping up a new real crypto project is difficult so scam projects can come to the fore, because they have more marketing. Red Kite is different in that. It focuses on making sure, that the projects it launches eliminate these problems.

Investors can be assured, that crypto projects launched by Red Kite's launchpad will not be scams, because here too, they have to meet strict standards in order for the project to get off the ground.

In addition to all this, the launchpad also has other beneficial features.

• Multi-Chain Support

Red Kite will support Ethereum and BSC pools and the following supported pools will be within the Polkadot's network.

• Tier And Reputation

Red Kite monitors new incoming projects and their behavior. It allocates reputation points, which greatly influences the start-up of a project.

• Fairness

If you are familiar with some of the ERC-20 tokens in the Ethereum network, you know, that there are high gas prices at the moment. Red Kite launchpad's lane-based exchange system allows projects to join based on their tier.

• Integrated Vesting Schedule

Red Kite's distribution portal allows projects' tokens to be earned in pre-sale or post-sale secondary offerings.

• Parachain Crowdloan

The launchpad supports crowdloan campaigns to secure parachain sites for Kasuma and Polkadot.

Red Kite supports the native token of the PolkaFoundry platform. Investors must therefore have a PKF token to participate in token sales rounds.

Red Kite will also offer Defi services to investors in the future, similar to Binance Launchpad.

Polkastarter

Polkastarter is one of the newest platform. It was founded in 2020 and already has over 200,000 investors. Operating within Polkadot's network, Polkastarter is a decentralised crowd funding launchpad, that leverages all the features of Polkadot.

The promise of Polkastarter lies in its cross-chain development. The platform is designed so that different projects can launch their own interoperable token pools.

Poolkastarter is also unique in that it has features such as password-protected private pools and smart contract token exchanges, among others.

The platform's auxiliary native token is the Pols token, which is used to pay transaction fees. In addition, the Pols token can be staked, which of course carries a staking reward.

However, liquidity must be provided before Pols tokens are staked by users.

Unicrypt

Like Polkastarter, Unicrypt was launched at the end of 2020. This promising blockchain platform creates an environment for its users to provide liquidity with the best possible confidence.

Unicrypt also aims to provide their best, in order to make it easy for users and investors to find emerging projects.

Starting projects through Unicrypt is easy. By setting a soft and hard cap, you can start your project token on Unicrypt. Once the token pre-sale has been determined, the token price can be increased with USDC, USDT, DAI and ETC coins, among others.

Unicrypt's native tokens are UNCX or UNCL these tokens can be accessed during the pre-sale, but the user must buy $500 worth of tokens to participate.

Projects launching their tokens must provide 30% liquidity on Uniswap.