IDOs are still going strong on these token launchpads

There’s many ways to issue a token, but the preferred format remains the Initial DEX Offering (IDO). It’s a transparent and direct way of distributing a new token to as many holders as possible. It’s also the fairest. With everything viewable onchain, everyone knows the rules from the outset, which are enforced by smart contract. While some projects elect to issue a native token through their own platform, the preferred route is to IDO via an established token launchpad and for good reason. The best IDO launchpads have a ready-made audience that’s keenly searching for the next hot project. The same launchpads also have battle-tested smart contracts, smooth onboarding, and a positive reputation based on their track record to date. Launchpads like the following five, each of which is among the best in its class. If you’re looking to participate in an IDO, start by examining the forthcoming projects featured on these platforms. Then, after checking the eligibility criteria, make sure you’ve got your capital ready to deploy when the time comes. Polkastarter Polkastarter has been around for years, and it’s gained a good rep in that time. While its initial focus was on the Polkadot ecosystem, which it still serves, it’s since gone multi-chain. Since 2021, tens of thousands of users have participated in Polkastarter token sales – and many have booked a decent profit in the process. Blessed with a large community of longstanding users, Polkastarter provides a jumping-off point for catching the latest IDOs from leading projects across the onchain universe. Access to Polkastarter sales is ensured by holding the $POLS token, which has since evolved into a multi-purpose utility token. Entry into tokensales is ensured by staking $POLS, with each tier increasing the likelihood of an allocation. While bronze holders (1,000 POLS) have a 14.88% likelihood of entry, gold holders (10K POLS) have odds of greater than 50% and diamond holders are guaranteed a spot. Coin Terminal Coin Terminal is a novel token launchpad that does things a little differently to most of the IDO platforms out there. With Coin Terminal, you’re not obliged to hold a native token to ensure a whitelist place, eliminating this price-risky and capital-intensive format. Instead, anyone can join one of its refundable sales, with zero collateral required. This is a very democratic way of hosting an IDO and one that ensures as many regular users as possible have a chance to participate. The quality of the projects featured on Coin Terminal is also high. Investors have an opportunity to get in on the ground floor for popular projects, many of which are also backed by leading industry VCs. It’s a retail-friendly formula that’s both fair and transparent. Web3 projects are well aware that communities are their lifeblood and that it’s preferable to issue tokens to real users rather than hand them all to web3 VCs. Coin Terminal is the mechanism to facilitate that, ensuring as many people as possible get a piece of the pie. Poolz Finance Poolz Finance is the launchpad to join if you’re interested in capturing opportunities across the onchain landscape. It supports more than 15 networks, from the usual EVM stalwarts to the likes of Solana and NEAR. In the four years it’s been around, Poolz has grown a sizable community, which is one reason why it’s a popular choice with projects that are looking to maximize interest in their imminent IDO. It also helps that the experienced Poolz team offers support with marketing, strategic advisory, and introductions to its KOL network. From an investor perspective, there’s also a lot to like. The platform is easy to navigate, and after completing verification, it’s simply a case of staking POOLZ tokens and waiting for the right project to come along. Staking is the primary access mechanism and it’s a popular one, with more than 80% of the token’s circulating supply typically locked up for this purpose. This also helps to reduce sell pressure on the token, particularly given that there’s a cooldown period upon unstaking. For emerging AI projects in particular, Poolz is where it’s at. DAO Maker Don’t call it a DAO – call it a launchpad and a damn good one at that. DAO Maker should need no introduction, having been responsible for some of the best crypto projects to have launched in recent years. More than $90M has been raised through DAO Maker and in the process it’s booked a decent return for those who were able to secure an allocation in many cases. With well over 300,000 verified users, DAO Maker has got the community in place to oversubscribe promising projects. Naturally, demand for entry into the hottest sales is fierce, with priority going to $DAO stakers. Even if you’re unable to secure an allocation for the sale you’re seeking, there’s always the opportunity to participate in farms for various upcoming projects. Simply by staking your $DAO in your preferred farm , you can earn a three-figure APR, which will be paid out in the form of the project’s native token, complete with all the upside that carries. Enjinstarter Enjinstarter is dedicated to metaverse and web3 gaming projects and it’s a well-designed IDO platform that’s very easy to navigate. If gaming is your thing, Enjinstarter should be your first port of call. The launchpad’s dashboard makes it easy to filter upcoming projects by network and category before scrutinizing the whitelist criteria. More than 50 projects have successfully launched on Enjinstarter to date, with priority going to users who hold $EJS . What’s good about Enjinstarter is that it also doubles as an incubator, working closely with the projects it features to help them realize their full potential. This doesn’t just benefit new projects: it also gives token buyers greater confidence in the quality of the projects in question and their prospects of going the distance. The post IDOs are still going strong on these token launchpads appeared first on Invezz

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