When your Web3 project is in its infancy, you will most likely need additional investment to get it off the ground. One of the crowdfunding methods is considered to be IDO (Initial Dex Offering), which consists of placing a new cryptocurrency on decentralized exchanges (DEX), or to be more precise, on their launchpads.
However, to attract as many active participants (that is, investors) to this event as possible, you will need to put in a lot of marketing efforts. Below, leading Coinband specialists offer you to delve deeper into the topic of launchpad crypto projects and also advice on how not to waste a cent of the marketing budget allocated for this.
Importance of Choosing the Right Launchpad in Crypto
In fact, the importance of choosing the right IDO launchpad for crowdfunding is similar to choosing the right restaurant for a birthday party: if it is on everyone’s lips and its cuisine is top-notch, your guests will come to this party with pleasure.
The same narratives apply to IDO launchpads: if you have chosen a popular, trusted decentralized crypto exchange that is actively used by traders from all over the world, you are unlikely to encounter problems attracting investors. Of course, the right crypto marketing also plays an important role here, but we will talk about this a little later.
What Is a Crypto Launchpad?
Crypto launchpad in the context of IDO is a crowdfunding platform owned by some decentralized exchange that helps crypto startups raise funds by listing their coins on it. To be eligible for listing, crypto projects must meet a number of platform requirements and, therefore, undergo an audit by its representatives.
Generally speaking, the key task of the IDO crypto platforms is to ensure the transparent distribution of tokens among all participants. To solve this task, these platforms develop criteria, limiting the participation of multi-accounts and bots.
For crypto investors, the main value of the crypto IDO platform is that it acts as a filter for fraudulent projects, a kind of guarantee of the “successful” entry of the token into the market. In addition, this is a great opportunity to invest in a startup while its cryptocurrency has the lowest market value.
Benefits of Crypto Launchpads
Listing on a decentralized exchange has many advantages for crypto projects that decide to do so. Among them:
- The opportunity to get listed on the largest decentralized exchanges with colossal daily trading volumes, which opens up access to millions of potential investors from all over the world;
- Projects that are listed on trusted crypto exchanges eventually achieve high liquidity since a new cryptocurrency is instantly distributed among its huge user base;
- Blockchain startups get the opportunity to quickly raise funds necessary for their further development;
- Decentralized crypto exchanges usually provide comprehensive assistance and mentoring to Web3 startups, helping them grow within their ecosystems.
Top Crypto Launchpad Platforms
Now, let's take a look at our crypto launchpad list that you can use in searching for the best place for your IDO.
1. Seedify – Crypto Launchpad
Seedify is a decentralized incubator for next-gen blockchain solutions with extensive promotion opportunities within its borders. Its main difference is that it provides its own community with the right to vote for those projects that will be able to conduct an IDO here. In particular, PancakeSwap, Avalanche, Solana, and Kucoin have achieved positive voting results and, thus, completed their IDOs with the results they desired.
2. GameFi – IDO Launchpad
GameFi launchpad IDO solution is designed specifically for projects dedicated to fantasy gaming, betting, and NFTs. However, the choice of supported blockchains is wide enough for your project's tokens to be listed here even if it does not belong to any of these categories. Investors around the world love this platform because of its transparency, provided by its basis on the Solana blockchain, as well as because of the low entry threshold even for beginners.
3. TrustPad
TrustPad launchpad for crypto projects is based on the Binance blockchain. With its rich cross-chain functions, it supports Solana, Ethereum, MetaMask, and some other blockchains and has no restrictions on the specific project’s type. It values its global digital community and provides them with various benefits. For example, future token holders can always get early access to review and use new products here.
4. DAO Maker – IDO Platform
DAO Maker is a well-known provider of solutions for growing and launching low-risk blockchain projects. It can boast its flagship product DAO Pad and an algorithm for creating SaaS solutions for crypto startups. Also, this solution integrates with 1inch, Wanchain, Ronin, and some other blockchains, and has already hosted fundraising events for solutions such as Orion Protocol, My Neighbor Alice, LaunchX, and DAFI Protocol.
5. Bounce
Bounce can be the perfect choice both for traditional token and NFT solutions based on Ethereum, Polkadot, Kusama, and Solana. Thanks to its cross-chain characteristics, permissionless execution with the help of governance that is performed on-chain, as well as a variety of available auction types (Sealed-bid auctions, Dutch and English auctions, or Fixed swap auctions), it helps growing Web 3.0 solutions to make the most out of their fundraising events.
6. Polkastarter – Best Crypto IDO Platform
Polkastarter is a decentralized fundraising platform that allows blockchain teams and various companies to fund and launch their projects. With its help, they create decentralized and multi-chain token pools, host IDOs, and scale their communities. Currently, this crypto launchpad allows listing projects on the Ethereum, BNB Chain, Polygon, Celo, and Avalanche blockchains.
7. BSCPad – IDO Platform
BSCPad is the first decentralized IDO platform for the Binance Smart Chain network. It expands the standard investor experience and allows crypto solution creators to sell their tokens for upcoming DeFi crypto launches. This launchpad incentivizes and rewards all token holders in a fair way through its unique two-step system based on the number of tokens held.
8. BullPerks – Crypto IDO Platform
BullPerks one is a perfect choice for IDO for solutions based on Binance Smart Chain, Cardano, Solana, and Ethereum. It has implemented a 6-tier system to determine the order of distribution of tokens for their future holders according to the number of native platform tokens that they have in their wallets. Since 2022 (this is the year of the launch of this IDO platform), it has helped to conduct more than fifty IDOs.
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9. GamesPad
GamesPad is another outstanding IDO token launchpad that is dedicated to projects related to gaming, entertainment, NFTs, and entire metaverses. It provides extensive fundraising opportunities for Web 3/0 solutions based on Ethereum, Binance Smart Chain, and Polychain. Investors around the world love this launchpad for its well-thought-out transparency mechanisms that allow them to protect their money from buying tokens from scam and unreliable projects.
10. Spores Network – Launchpad for Crypto
Thanks to multi-chain support, Spores Network, an INO and IDO crypto launchpad can unite investors from multiple different blockchains, like BNB Chain, Polygon, and Ethereum. With 50+ successfully completed IDOs and $10 mln funds collected, it provides great opportunities for projects to grow rapidly from their initial stages. Also, it offers advisory services from its internal team, so by choosing this solution, you won’t act blindly and, instead, receive competent support from experts who raised dozens of similar decisions from the ground.
Best Crypto IDO Platforms
If we could recommend you only three crypto IDO platforms out of all the above, they would be the following ones, and here's why:
- DAO Maker – in addition to the opportunity to conduct IDO here, projects also gain access to incubation, operational, and consulting services, as well as social mining to reward community members with their own tokens and, thus, stimulate their interest even more.
- Polkastarter – this crypto launchpad uses fixed swap pools, which, unlike the automated market makers (AMMs) found on the vast majority of other crypto launchpad projects, execute swap orders at a fixed price only.
- Seedify – along with IDOs, projects can also launch their IGOs and INOs here and actively engage in the development of their communities (this launchpad has all the necessary tools for this).
New and Upcoming Launchpad Crypto Projects
The number of launchpads is growing every day, and although the choice in favor of one or another is still largely determined by their history of successful IDO, today, we would like to highlight three of the most promising solutions that, we are sure, will add dozens of similar cases to their track records soon.
KingdomStarter
KingdomStarter is a multi-chain IDO launchpad that can take your project from the initial stages to a stable position in the Web 3.0 ecosystem. Currently, its list of services includes fundraising, community building, marketing, advisory, and technical services. As for the types of projects that can be listed here, these include those based on the Binance Smart Chain, Polygon, Ethereum, Base, and Arbitrum blockchains. So far, this launchpad has helped launch 45+ IDOs, but this number will definitely reach three digits soon.
Magic (Square) Launchpad
Magic Launchpad is a subsidiary project of Magic Square, powered by the $SQR token and launched in May 2024, that is, quite recently. Its goal is to support fundraising events for Web 3.0 solutions. Since May, the project has only helped three decentralized solutions with IDO: AutoLayer, Storm Trade, and Fanton, but given its growing popularity, there will be many more by the end of June.
Fjord Foundry
Finally, we would like to mention another new launchpad crypto platform, Fjord Foundry, that is based on a strong community and the principles of fairness and transparency. This launchpad offers a wide variety of token sale methods, including Liquidity Bootstrapping Pools (LBPs). It is expected that this launchpad will participate in dozens of new IDOs in the coming months.
How to Choose the Best Crypto Launchpad
There are currently over a hundred launchpads, but not all of them are designed specifically for IDO; moreover, hardly any of them can be considered the best choice. So, how can you make your initial DEX offering go as smoothly as possible? It's simple: you need to evaluate solutions from your launchpad crypto list according to the following criteria.
- Type of supported projects. The launchpads you are considering may be limited in the types of projects that want to be listed on them. In particular, some set restrictions on a specific blockchain (for example, these can only be Ethereum-based or Solana-based platforms) and some – on their format (only metaverses, only NFT projects, etc.).
- Terms of participation. Even though checks on the launchpad crypto exchanges are usually less strict than on centralized ones like Binance, they still take place. Although their main task is to filter out fraudulent solutions, your project may also fail the audit for certain reasons.
- Token distribution mechanism. Launchpads allocate tokens between their holders in different ways: it can be a granting of the right to buy by random accounts from among those admitted to the sale, FCFS (first come, first serve), or some unique model typical only to a particular launchpad.
- Previous projects’ IDOs. IDO platforms often provide information about the token sales that have been held, which allows you to check the history of the specific platform. Since they act as a kind of “guarantor” that the project will collect the required amount of funds during the IDO, you also have to take into account this data to be more confident in the success of your fundraising event.
How to Successfully Conduct an IDO
If you want to get the most out of your IDO for your Web3 solution, you will definitely need the help of a crypto marketing agency. In particular, you can choose Coinband to get an effective marketing strategy that will not ruin your budget and, at the same time, help you achieve all your business goals in the shortest possible time. We provide SMM, PR, community building, PPC, influencer marketing, SEO, and even web development services to cover all your needs in promoting your solution. Leave your request here to get an end-to-end marketing strategy perfectly tailored to your needs.
Conclusion
Due to the increasing number of scams related to ICOs, IDO is now perceived by potential investors as a more reliable alternative to getting project coins at the best price.
Therefore, everything is in your hands: if you implement your audience engagement strategy correctly and carefully select the best IDO crypto launchpad, you will most likely be able to raise the amount of money needed for further project development even faster than you expect. In particular, to protect yourself from the risks associated with a possible failure of your ICO, you can contact the Coinband experts.
FAQs
Are there free crypto launchpads?
Listing on the best crypto IDO platforms is usually free or very inexpensive, which opens access to such a fundraising format as IDO to almost all startups. In particular, only some of the above launchpads charge projects a fee for this.
What are the three leading launchpad platforms?
If we would recommend to you only three crypto launchpad platforms, they would be DAO Maker, Polkastarter, and Seedify.
How can you promote your IDO on a launchpad?
If all the marketing efforts before the IDO are done correctly, you will be able to attract as many investors as possible within the launchpad itself – in particular, this can be achieved through working with influencers and partners, paid advertising, SMM, PR, and other Web3 promotional techniques. By the way, you can entrust the development and implementation of the entire crypto marketing strategy for your project to Coinband, a trusted marketing agency.
Why is it so important to choose a reliable launchpad?
The choice of the crypto IDO launchpad directly determines the level of interest of potential holders of your coins. If the launchpad is trusted, they will buy them more confidently without worrying that your project is a scam and does not meet generally accepted regulations.
