It was recently that Blockchain technology brought about an ideal path for fundraising methodology for different business categories, completely denying the time-consuming traditional methods. Several token-based fundraising models are made possible by the Initial Coin Offering (ICO) model, such as token offering, coin offering, exchange offering, and so on. However, as and when the time passes, a newly innovative fundraising model emerged transforming the ICO into an IDO. The IDO Launchpad Development has received a total investment of $1.7 million as per the recent statistics. Many investors and crypto entrepreneurs are looking for the optimal IDO Launchpads. So exactly what is an IDO Launchpad, and what is it capable of? Let’s go deep into this blog.
What is an IDO Launchpad?
Initial DEX Offering which is commonly known as IDO is popularly viewed as an advance of ICO which involves the token launching on DEX exchanges without intermediaries. This platform is completely decentralized and the investors can exchange tokens such as stable coins and cryptocurrencies. IDO Launchpad can be determined as an effective way of listing projects to attract numerous investors and allow them to help in the extensive growth of the listed projects. Many projects function independently and do not need any outside support or assistance, which might take a long time and result in a limited number of leads. Hence, listing projects on an IDO Launchpad is adequately effective and efficient to amuse more investors.
Developed on a blockchain network, the IDO Launchpad is a decentralized platform that generates value for both cryptocurrency startups and ordinary users with secured features. It facilitates people to invest in those projects which are listed on the IDO Launchpad at an exclusive pre-sale price before they enter the market, resulting in higher returns, at the same time supporting multiple chains for entrepreneurs to add their BEP20 and ERC20 tokens. Thus, IDO Launchpads can be explained precisely as a One-stop-shop for decentralized fundraising of high-quality projects. Meanwhile, all of the necessary features will be equipped to keep users from experiencing instant market trading to high liquidity.
To attract more global users, IDO token Launchpad platform is well-organized and built with the latest advanced technology. As the IDO Launchpad is completely decentralized, it eliminated the need for an intermediary to benefit users by lowering gas prices, waiting times, and allowing for faster transactions. To control and manage the overall transaction flow, the IDO Launchpad platform is embedded with automated smart contracts, and to improve transaction speed, it uses a peer-to-peer network.
How does Crypto IDO Work?
The IDO Launchpad is a decentralized platform that is essential for every crypto business to raise adequate funds. It provides businesses with the opportunity to list their cryptocurrency projects, which have to be reviewed and verified carefully before visible. This platform operates remarkably due to the trust between the platform, cryptocurrency project owners, and users. It benefits the investors by offering them high returns on their investments. In addition to that, all of the crypto projects listed on the IDO Launchpad platform, are backed up by an IDO token.
IDO Launchpad on Polkadot
Polkadot blockchain is one of the most reliable and trustable blockchain networks in the crypto space. This network opens to the forkless upgradable features to make the services and product more independent. Initial DEX Offering in Polkadot will become an excellent platform for innumerable people of diverse and distinct standards as it tends to offer all the comprehensive features that a user requires.
Due to the Polkadot-based IDO Launchpad’s affordability and sustainability, this platform will be an ideal choice in the market. The IDO Launchpad is a platform where the user can directly pitch with the prerequisite to launching their IDO in the market to raise funds.
Development of IDO Launchpad in Polkadot
There are several steps involved in the development of the IDO Launchpad based on Polkadot. As a preliminary step, you have to know your requirements in developing an IDO Launchpad and have to be shared it with an IDO development company. There the team experts analyze your need regarding how you picture your Launchpad to be and map out the development procedure as per your discretion. This includes the listing process.
In the second step, the hired company will be developing and putting together diverse components of the pad and start to synchronize them. This might include tokens, wallet integration, layered security protocols, live dashboards, and much more.
It is imperative to check every nook and corner of your IDO Launchpad. The performance of the IDO Launchpad will enhance according to the number of tests carried out to pick out all the fleece.
Benefits of Using Polkadot to Develop an IDO Launchpad
Even though Polkadot is a blockchain network on its own, it is better to call it a blockchain connector, as it is compatible with several other major blockchain networks in the market.
Polkadot is known for its capability to link between multiple blockchain networks. If you isolate one blockchain, it results in the obstruction of its function and traffic. Thus, it massively escalates the scalability and prospects of the IDO Launchpad in Polkadot.
Polkadot allows the development of a web across other blockchain networks, thus helping in the smooth communication and transactions among blockchains.
- Forkless Upgrades
On Polkadot, you will get access to forkless upgrades. The proposal is written in the meta-protocol language. If the count is positive, then the upgrade is formatted, if nothing comes out of it.
Many crypto entrepreneurs around the world are making mistakes that are causing them to lose money. Some projects have the potential to change the world, but they are stuck in the early stages of development due to a lack of funding. Finding funding would be the best way for them to grow. If you’re one of them, and you want to change the world with your crypto ideas, you can get an IDO Launchpad and showcase your business and others to attract investors. The IDO Launchpads are seen as a lifesaver for the people, and investors that come in will examine the business tokens for management and investment.