Launchpads and tokenseals. Overview of crypto startups
Fundraisers are mostly conducted in the formats of Initial Exchange Offerings (IEO) - initial exchange offerings and Initial DEX Offering (IDO) - crowdfunding on decentralized platforms.
With these methods, not project creators look for investors, but the Launchpad selects promising startups and promotes them. Startup platforms carefully check the project and its creators before launching a token sale - a token sale. Often after fundraising is completed, the exchange opens trading in this cryptocurrency.
IEO and IDO have several advantages over the outdated fundraising model - ICO (Initial Coin Offering), analogous to IPO in the traditional market. In lanchpads, many more people can get early access to assets, and it's easier for developers to promote a project and list tokens.
Despite the general downturn in the cryptocurrency industry, new projects keep popping up and attracting funding. In this article, we'll talk about some of the platforms that are hosting fundraisers for startups and which young projects are planning to hold token sales in the near future.
Polkastarter
Polkastarter is a DEX platform based on the Polkadot blockchain, compatible with Ethereum, BNB Chain, Solana and other networks. Lunchpad allows startups to raise funds by selling tokens or NFTs in a decentralized environment. The platform has launched 108 projects and raised a total of $48.5 million in funds for them.
This summer, the platform held fundraisers for 3 projects: Planet Mojo Metaworld sold $364k worth of NFT, and blockchain games WOMBAT and DEFY raised $600k and $200k respectively.
There are plans to have a token sale of a game project from developers Gameloft, Blizzard and Ubisoft. Their game meta-universe CryptoCitizen plans to raise $650k.
Duckstarter
Duckstarter is an IDO blockchain project launch and investment fundraising platform run by the DuckDAO community. The platform launched in early 2021, adheres to KYC principles, and accepts USDC Stablecoins.
A total of 66 projects have launched on the platform, raising $3.47 million. The most recently completed tokenseals were fundraisers for gaming startups Bot Planet for $23,700 and Sugar Kingdom for $100,000 in March of this year.
The IDO of the GEMS project will begin in early October. Its name is made up of the initial letters of the words GameFi, ESport, Metaverse and Social Fi. The developers of the project are positioning it as a GameFi ecosystem, which allows eSports gamers to learn and immerse themselves in different GameFi meta universes and worlds.
BSCPad
It is a decentralized startup in the Binance Smart Chain ecosystem. It was launched in March 2021 and has hosted IDOs of projects such as Revomon, GameZone, Qmall.exchange, PureFi, and a host of others.
The platform uses a token distribution system of 6 levels for users based on the number of coins they contribute: bronze, silver, gold, platinum, diamond and blue diamond. In order to participate in the tokenseals, one must pass the KYC procedure and contribute a certain number of BSCPad platform's native tokens to the stack.
The platform has conducted more than 100 fundraising rounds. Plans are underway to launch a fundraiser for Taunt Battleworld, an NFT fighting game simulator with earning potential from developers at Amazon. The project description states that the game is set in a post-apocalyptic world where the gods have turned Earth into their own personal playground called Battleworld.
DAO Maker
DAO Maker conducts token sales and sales of NFT crypto projects on its DAO Pad platform, which supports Ethereum, Solana, Polygon and other blockchains. Initial token offerings are in SHO (Strong Holder Offering) format, where each user gets a level corresponding to his or her funds. The more funds are in the wallet, the higher the chances of getting new tokens.
The platform has raised funds for a large number of popular projects, such as Infinity Pad, My Neighbor Alice and Seascape Network.
The SHO of the DeRace NFT project is currently being finalized. It's a meta-universe in which players breed horses to race, have races, complete missions and earn rewards. According to the developers, blockchain technology provides transparent race results.
DAO Maker
DAO Maker conducts token offerings and sales of NFT crypto projects on its DAO Pad platform, which supports Ethereum, Solana, Polygon and other blockchains. Initial token offerings are in SHO (Strong Holder Offering) format, where each user gets a level corresponding to their funds. The more funds are in the wallet, the higher the chances of getting new tokens.
The platform has raised funds for a large number of popular projects, such as Infinity Pad, My Neighbor Alice and Seascape Network.
The SHO of the DeRace NFT project is currently being finalized. It's a meta-universe in which players breed horses to race, have races, complete missions and earn rewards. According to the developers, blockchain technology provides transparent race results.
DAO Maker plans to tokenize the Muon Network project, a supercomputer in the form of a decentralized cloud computing network that will be able to run any application and software and connect to all publicly available blockchains.
Another project launching on the platform in the near future will be Engines of Fury. It is a fighting game with rich 3D graphics and single-player and multiplayer modes.
GameFi
GameFi is a luncheonpad for gaming blockchain projects. It hosts fundraisers in the Initial Game Offering (IGO) or Initial Game Offering format. Its only difference from IDO is that tokensales are conducted by gaming startups. In addition to initial token offerings, Launchpad conducts Initial NFT Offering (INO).
The platform features two fundraising pools: the IGO pool, which requires stacking tokenization, and the Community pool, which does not involve stacking. GameFi complies with KYC requirements, and users need to be verified to participate in IGO and INO.
More than 60 projects have been launched on the platform, including X-Metaverse, GameStation, Metawars, and many others. Currently there is an initial NFT offering from DVISION WORLD, which is a metaworld where users can create and sell their own NFTs.
Tokensales have also been announced on GameFi for three more game projects: a character development and control platform for the Codyfight universe, fighting games Evermoon and Engine of Fury (the same project that will be holding a token sale on Maker DAO). Start dates for these IGOs have not yet been determined.
Poolz
Poolz is a decentralized lanchpad that supports multiple blockchains, including Ethereum, Solana, Harmony and Polkadot. More than 90 IDOs have been conducted on the platform. The biggest recent fundraisers were for the NFT spaceship game Space Sip ($1 million) and the RPG Kryptomon ($450,000).
Users need to own at least 250 POOLZ tokens ($345) to participate in tokenseals. The top 100 holders of the native coin get priority access to IDO.
There are 9 crypto projects scheduled to IDO on the platform in the near future. Among them are token sale to raise $500k from Moverse, a Web3 fitness project from the move-to-earn category, and IDO for $250k from MeMusic, a service for earning audio content producers. In addition, Launchpad will launch tokensales for several gaming projects, the cryptocurrency Tofycoin and the decentralized television platform Script Network.
TrustPad
TrustPad is a decentralized lunchpad that gives priority access to the most promising projects to TPAD platform's native token holders. TrustPad supports most of the leading blockchains. Verification of users is not required for all IDOs held on the platform, but only for part of them.
There have been 116 projects tokenized on this platform, which raised a total of $21.6 million. Startups such as QANplatform, BitHotel and Blocktopia have held fundraisers among them.
TrustPad will hold several tokenseals in the near future. Among them are Project Animalia, an online NFT game with collectibles on the theme of cryptomemes and the Lifetise meta-universe, where users can plan and build their lives, from owning a home, starting a business and getting married, to retiring.
The site also plans to raise funds to develop the Mizar trading platform with a wide range of tools, where traders can choose different strategies to allocate their capital. Upcoming IDO game project Medieval Empires - a complex multiplayer online strategy game set in modern Turkey in the late 13th century.
Red Kite
Red Kite is a luncheon pitch that has raised more than $9.3 million for 70 cryptoprojects. Tokensales are open to holders of the PKF platform's native cryptocurrency. As well as on GameFi, on this platform IDOs are held in two pools: one of them is available to everyone, and the other only for members of the Red Kite community.
The most recent fundraisers on the platform were the NFT music platform MetaBeat, the gaming farming universe Monsterra Community, and the move-to-earn project PULMx, which awards points to users for healthy actions such as sleeping, meditating, and walking.
In the near future, the platform will host an IDO of the blockchain game The Unfettered. It is an upcoming action role-playing video game that revolves around a mysterious and warlike woman, chosen by the gods, who battles underground monsters.
Binance Launchpad
Binance Launchpad is one of the most famous, easy to use and convenient platforms. Basic identity verification is required to work with it. Funds are collected in BNB tokens.
Before launching the tokensale, the Binance team conducts a rigorous vetting of the project and publishes a report. It takes startups at a relatively mature stage of development, with a strong and committed team.
This Binance incubator has launched well-known crypto projects such as Axie Infinity, BitTorrent, SafePal, The SandBox meta universe, Lazio Fan Token and FC Porto Fan Token soccer clubs.
A total of 64 projects were launched on the site, raising a total of $ 109.7 million. The last of them was STEPN, which completed fundraising in March of this year. At present, Binance Launchpad has not announced the next IEO.
