How To Research Crypto Launchpads

What are crypto launchpads?

What’s the difference between IPO, ICO, IEO, IDO, IGO launchpads?

Differences between ICO, IEO, and IDEO. Source: https://cryptopotato.com/

How do crypto launchpads work?

How to buy tokens on a launchpad?

Step 1. Research A Crypto Launchpad’s Fundamentals.

  • Is the crypto launchpad centralized or decentralized? A lot of centralized platforms are owned by big exchanges. That already gives me a lot of information. For example, I don’t like Bittrex because of the bad user experience it offers. That’s why I will never give their launchpad a try and would rather go with another exchange’s solutions. But do I even want to rely on the big players when I can use a decentralized exchange instead?
  • Is the platform built independently or on top of another blockchain? My first impulse here would be to trust launchpads that are based on an established blockchain. In any way, it is important for you to understand how they are connected and why the team behind the launchpad decided to use a certain blockchain over another.
  • Who are the people behind a launchpad?
  • What do other users say about their experience with this platform?

Step 2. Research The Tokens Issued By The Platform.

  • What is the purpose of these tokens? What can holders use them for?
  • Can holders get discounts when investing in projects listed on the launchpad?
  • Must investors hold the token in order to be qualified to invest?
  • Can token holders vote on project listing? If so, do whales get more say in voting or each token holder can only have one vote regardless of how many tokens they hold?

Step 3. Find Out The Process For Listing A Token On A Launchpad.

  • How can a project apply to get listed on the platform to start raising funds?
  • Does the launchpad team do background checks/due diligence on the projects?
  • Does the selection team actually meet with the project team to dig up further information?
  • What is the rejection rate?
  • Who are the people responsible to decide on whether a project gets listed? What are their qualifications?
Click me.

Step 4. Looks At Past Projects Which Have Been Launched By The Platform And Find Out How They Are Doing Now.

  • How many active users does the project have a few months after being listed on a launchpad?
  • How big is the community?
  • What is the team working on? Are there new developments?
  • What does the project’s activity on social media look like? If they are just shilling the price of their token, then it is a red flag.

Step 5. If You Have Concluded That The Launchpad Is Reliable, Analyse The Listed Projects.

Final words

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Garbage man turned millionaire 🗑️➡️💰 Teaching you how to research & invest in crypto 🔬🔑📈 Follow me on Twitter: @ren_heinrich

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Ren & Heinrich

Ren & Heinrich

Garbage man turned millionaire 🗑️➡️💰 Teaching you how to research & invest in crypto 🔬🔑📈 Follow me on Twitter: @ren_heinrich

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