Top 12 Crypto Launchpads to Keep on Your 2023 Watchlist
Crypto launchpads are vital to the health of the crypto industry because they give new projects a lot of visibility. They are essentially incubators that ensure that these exciting new projects get as much visibility and support from the ecosystem as possible.
These token launch platforms are beneficial to the industry because they enable crypto retailers to discover early-stage crypto projects and participate in their presales, which typically consist of less expensive rounds.
Another reason crypto launchpads are important is the role they play in connecting like-minded individuals with enthusiastic developers, where anyone and everyone can invest and gain from the emerging market.
Of course, like all investment vehicles, the mere appearance of a project on a launchpad does not mean it will be successful. The project could go bust and there are some significant risks involved in investing.
Regardless of the risks involved, it’s important to know which launchpads are constantly platforming the most exciting projects in the ecosystem. That is why we will be doing a rundown of them right now.
It does not matter whether you’re a retail investor or a founder– this list will be very useful if you want to make important early-stage investment commitments in 2023.
1. Binance Launchpad
Binance is the leading cryptocurrency exchange and fastest-growing trading platform by trading volume. Launched in 2017, Binance, as a platform, has not limited itself to being simply a cryptocurrency exchange. Indeed, the platform is particularly praised for its revolutionary contributions to the DeFi industry and crypto space through its own token launch platform, Binance Launchpad.
Binance Launchpad is a unique platform that gives users first-look access to promising new crypto tokens from various projects, while also helping to drive awareness and adoption for those projects. So far, the launchpad has raised millions of dollars for upcoming and promising projects like BitTorrent, Injective Protocol, and PancakeSwap.
Why Binance Launchpad Made This List?
Over the years, the Binance Crypto Launchpad has proven itself to be an outlier in the crypto world. The launchpad is a curated token launch platform that has facilitated token sales for some of the most important projects in the ecosystem and has helped those projects raise funds to continue on their journeys to profitability.
People trust Binance because it is the biggest crypto trading platform, and the company’s track record is stellar. Binance is also really safe, so new projects don’t need to worry about attacks from bad actors. Additionally, Binance has incredible reach so any blockchain project that gets featured on the launchpad gains access to a global community where they can start the hard work of community building.
One of the most important projects to be launched on Binance is BitTorrent. The company was able to raise about $7.2 million through token sales in an initial coin offering in under fifteen minutes.
But you have to remember that not all projects on this launchpad will pan out well. Most may indeed end up failing.
2. BoostX Launchpad
BoostX Launchpad is an eagle soaring high in the crypto launchpad space. It is a multi-chain launchpad that enables projects to raise funds, market their product effectively, and ensure the safety of early investors in the process.
Through the BoostX crypto launchpad, individuals can purchase tokens at a discounted price before they officially debut on mainstream markets. Meanwhile, the creators of these highly anticipated tokens are able to raise funds, while cultivating a loyal community in the process.
Why BoostX Made This List?
BoostX is a very successful crypto launchpad, despite being fairly new in the market. The token sale platform has facilitated the launch of several blockchain projects and supports projects across a variety of blockchains, such as Ethereum (ETH), Solana (SOL), Terra Classic (LUNC), Binance Chain (BNB), and Polygon (MATIC), among others.
Again, you should remember that not all projects on any particular launchpad get to be successful. In fact, some of them might end up being rug-pull projects. This is why it is important to do your own research before investing.
3. Solster Finance Launchpad
Solster Finance, a decentralized crypto launchpad, is one of the most successful crypto launchpad projects on the market today. The project is based on the Solana ecosystem and has recorded significant successes in the years it has been online. Having completed over 20 successful launches, the platform has already processed over $1.7m in funding.
Why Solster Made This List?
Although Solster is a new launchpad, projects launched via the system have already seen massive gains, with one example being UPFI, which recorded a massive 44x increase in value since its IDO on Solster Finance.
With even more Solana projects being developed with the possibility of being launched, Solster will undoubtedly be at the forefront, helping to connect developers and investors.
Of course, the FTX debacle and the fact that Solana was seriously adversely affected means that Solster may slow down on token sales for now. But that does not mean the platform isn’t a great decentralized incubator for most projects.
4. Unicrypt Launchpad
The Unicrypt ecosystem boasts its very own decentralized launchpad that runs parallel as an incubator, enabling projects to garner feedback and advice from third-party partnerships. The Unicrypt team was established to benefit a multitude of aspects in regard to new cryptocurrency projects.
Why Unicrypt Made This List?
The token launch platform currently covers support for five different blockchains: Ethereum, Avalanche, BSc, xDai, and Polygon. Unicrypt also offers an entirely autonomous option that emphasizes inclusivity, simplicity, and fairness, giving investors a platform to access exclusive upcoming crypto projects.
It is basically the crypto launchpad for projects that plan to be as flexible as possible while maintaining a high level of legitimacy and safety. People who plan to invest in projects on this launchpad should be really careful as well, since the flexibility that it offers may attract fraudulent projects.
5. Polkastarter Lauchpad
Founded in the late months of 2020, the Polkastarter Launchpad is one of the best crypto launchpads in 2023 to grace this list and has drawn the attention of over 200,000 enthusiastic investors since its launch in 2020. It may be a new crypto launchpad, but it has certainly made great strides in the last two years.
Why Polkastarter Made This List?
Some of the great features of the Polkastarter crypto launchpad include its auction system, password-protected private pools, whitelisting, token swaps, and price alerts. It also helps new crypto projects to raise capital and develop dedicated communities.
Polkastarter has a native utility token called the POLS token. Investors can use POLS tokens to pay transaction fees and participate in governance through the Polkastarter Council for Governance.
Furthermore, should users choose to stake the POLS token, they can earn rewards and gain early access to upcoming token pools. So far, 108 projects have been launched on Polkastarter with $48,475,044 raised. However, since we are in a bear market, that sort of volume may trickle down in 2023.
6. Trustswap Launchpad
TrustSwap Launchpad is arguably one of the top launchpads there is, allowing users to stake a minimum of 4,000 SWAP tokens, the platform’s native token, to gain early access to promising crypto projects.
Why TrustSwap Made This List?
Projects selected by TrustSwap gain access to a vast array of benefits such as large-scale publicity, trust from the community, marketing support, and visibility. Since it is one of the top crypto launchpad projects, projects that get on it can expect extremely high exposure in the crypto industry as a whole.
The launchpad has protection against sell-offs and rug-pulls immediately after token launches through its token lock-up mechanism—the SmartLaunch toolkit.
Since its appearance in the crypto ecosystem in September 2020, TrustSwap has raised over $20 million in funding for emerging crypto projects including the likes of Chain Games, Glitch Finance, SOTA, and BitCashPay.
One should remember that all this progress was made during a bull market, and as they say, everyone is a genius in a bull market. Now that the bear market is upon us, it behooves retailers to be a bit more careful about their investment choices.
7. RedKite Launchpad
RedKite Launchpad was launched in 2021 and is powered by PolkaFoundry, a dApp factory that leverages the Polkadot multi-chain to provide interoperability for DeFi and Web 3.0 ecosystems.
Why Redkite Made This List?
RedKite launchpad allows investors to participate in several token sale processes. Likewise, in terms of security, projects are vetted based on the credibility of their team, legitimacy, and implementation capacities before they are listed on the platform.
In addition, RedKite partners with top influencers and marketing partners leading exciting projects to help effectively market its listed projects. The launchpad supports the Ethereum, BSC, Polygon, Terra, and Solana blockchains, and uses PolkaFoundry’s native token, PKF, for utility. So far, close to six projects have been launched on the platform, with $8.1 million raised.
That is a lot of capital, but the onset of the crypto winter almost certainly means that Redkite may not be pulling as much capital as it could in the bull market.
8. BSCPad
BSCPad is one crypto launchpad you should definitely consider. The crypto launchpad was launched in 2021 and is the first decentralized IDO platform for the Binance Smart Chain.
Why BSCPAD Made This List?
Interested developers can leverage the platform’s unique features to create blockchain projects, which can then distribute tokens and raise liquidity.
Users that hold the BSCPAD token can participate in IDOs, and the minimum staking requirement is 1,000 BSCPAD. So far, over 60 projects have been launched via BSCPad, with over $15 million raised. Some famous projects include Revomon, GameZone, WagyuSwap, and BitOrbit.
Since we are in a bear market, some of these projects have fallen on hard times. Hence, new investors should be careful about what projects they invest in.
9. DuckStarter Launchpad
DuckStarter Launchpad is a token sale launchpad that works with the Ethereum, Binance Smart Chain, and Polkadot networks. The launchpad is a platform dedicated to raising funds for early-stage crypto projects from retail investors, rather than from venture capitalists.
Why DuckStarter Made This List?
DuckStarter offers rewards for participation in early-stage project launches, after which investors can gain early access to innovative product features. On the other side of the coin, projects can benefit from marketing, veteran advice, and various listing services that will surely help to catalyze the project’s growth and success.
DuckStarter is doing well for itself, standing as one of the most productive and active launchpads in the crypto market. To date, it has launched approximately 60 projects with an average ATH ROI of 1.971%.
But you should note that 2023 could be a challenging year for crypto generally. So it may be a bit difficult for DuckStarter to keep up with this volume of launched projects.
10. Tenset Gems Launchpad (TGLP)
The Tenset Gem Launchpad (TGLP) is the exclusive launchpad of the Tenset ecosystem, allowing holders of the 10SET token to invest in projects with 100x potential presale.
However, holders must have a TGLP subscription in order to participate in Gem launches. Crypto projects are carefully scrutinized before they are listed on TGLP.
Why Tenset Gem Made This List?
Since its inception in early 2021, four projects (Fame MMA, KANGA, MetaHero, and EVERDOME) have been launched on TGLP, with over $16 million dollars raised. Despite its unorthodox rules, the launchpad attracts serious capital.
However, it may not attract that kind of serious capital in 2023, especially if this bear run continues. Despite that, the launchpad is still expected to have some seriously exciting projects on offer.
11. Solanium
Another launchpad that stands out from the pack is the Solanium launchpad. Solanium is the first launchpad on the Solana network and attracts many participants per IDO.
Why Solanium Made This List?
The two main features of the launchpad are its liquidity pools, and the five Solanium tiers. Users are required to stake the SLIM or SLIM-LP tokens to receive xSLIM tokens.
Just like Polkastarter, projects launched on Solanium benefit from the strengths of the Solana blockchain. The top two Solanium benefits are its high TPS and low gas fees.
Of particular note is the impressive achievement that 30 projects have been launched on Solanium, including Project SEED (SHILL) and DeFi Land (DFL).
Of course, because of the FTX debacle, Solanium may slow down on token launches in the first quarter of 2023.
12. Gate.io Launchpad
Gate.io Launchpad is another outstanding launchpad for blockchain projects to generate money, attain visibility, and develop a following through token sales.
Why Gate.io Made This List?
The platform uses a first-come, first-served mechanism to attract participants for token sales. Some ICOs to have been launched on the Gate.io Launchpad include Fetch.AI, Harmony, and the Celer Network. However, the uncertainty in the world of crypto right now means that one could expect Gate.io to slow down a bit in launching projects.
Final Thoughts
Crypto launchpads help crypto projects develop their potential and obtain the needed fuel to survive the long journey while giving investors front-row seats to the developments and future plans of any project they choose.
Ultimately, it is critical for investors to research projects to the best of their ability before investing, as presale projects do not always guarantee financial gains. It is particularly important to remember that, while launchpads minimize these risks, they do not completely eradicate them.
Read more: https://dailycoin.com/top-12-crypto-launchpads-to-keep-on-your-watchlist/
Text source: DailyCoin.com
