Cryptocurrency is taking over the world at a sooner pace. Everyone around is trying to catch up with the new trends and coins in the industry. If a project is proposed in crypto, it needs funding to get into the market. Mostly these projects go with crowdfunding
to get the capital for their project. But not all projects receive good funding. The project has to reach potential investors and be in the spotlight as ato gain increased funding. . That is why the Initial DEX offering is followed by many crypto-based projects.
What is an IDO Launchpad?
If someone says this project is launching an IDO, it means it is selling its crypto coin or token through decentralized liquidity exchange. That is, the crypto coin is swapped with another stable coin on an IDO launchpad like PolkaStarter. A decentralized
crowdfunding platform like PolkaStarter lists the potential projects in the platform and aids them in the funding process.
Advantages of an IDO launchpad like Polkastarter over other crowdfunding methods
Compared to other crowdfunding methods related to crowdfunding as ICO and IEO, IDO is advantageous. The following are the reasons why crypto projects go with Initial DEX offerings.
ICO and IEO require an exchange fee and the project has to wait for approval before they are listed. But in IDO there is no need for an exchange fee.
IDO is a completely decentralized approach where there is no centralized authority to have control over the listings.
In IDO, instead of waiting for approval to get listed, the list is dependent on the vocal community members who vet the project. This becomes the gateway for small projects to get massive collaboration.
IDO offers immediate liquidity and trading without any waiting period like ICO and IEO
Features of IDO Launchpad Like Polkastarter
In a Polkastarter clone, the features are inbuilt and tested already. The clone is open to customization. Some of the significant features of the Polkastarter clone are as follows,
Cross-chain swaps – the platform can support interoperability. That is it can operate with multiple blockchains
Anti-scam feature- since the platform works on a decentralized liquidity pool, it does not have any centralized authority to control the authenticity of the listings. But anti scan features of the launchpad can identify legit projects and list them. This
creates trust and reliability to the investors
KYC integration- the users can start using the launchpad only after KYC integration. This is an added security feature in the platform.
Fixed and dynamic swaps- the projects listed get instant capital. They can launch their own interoperable token pools. They are fixed and dynamic swaps.
Permissionless listings- the projects need not wait for permission to get listed on the potential project lists. The listings can be done by anyone on the platform
Governance model- the launchpad operates on a Governance model. An algorithm validates the reach of consensus and the execution is enabled automatically.
How do a Polkastarter works?
The working of an IDO Launchpad Like PolkaStarter is very simple. Its interface is also simple and easy for beginners to understand
The first step is that the users should have a proper crypto wallet. The Polkastarter officially supports the desktop version of Metamask. All desktop wallets are integrated with the platform.
After funding the wallet with the required funds, the users have to check the whitelist status. The dashboard of the platform will be able to verify the whitelist status.
When the IDO is launched, the IDO token sale will take place. The users have to go to the official page of the whitelisted project and prepare the wallet.
After the launch of the sale, the investors can join the sale and make their contribution to the IDO.
After a few minutes, there will be a verification that the user has successfully participated in the sale.
As of now, the original Polkastarter platform does not support any mobile wallets. But desktop wallets will work fine with Polkastarter. Though this might take a while to check whether the Metamask wallet and the Network wallet are connected, the platform
offers a smooth transaction to the users.
Why choose a Polkastarter clone?
A Polkastarter clone is a Whitelabel solution that is pre-developed and ready to launch. Unlike building a platform from scratch, this method is less time-consuming and cost-effective. The platform is already designed and developed by the experts and it
is open to customization. The testing phase of the platform will also be completed and it will be a power-packed platform that is all set to launch.
If you are a young Tycoon looking for a door to open towards blockchain technology, this is the right platform for you. With the soaring emergence of crypto, the industry possesses a great return on investment. Put on your seatbelts and kickstart your journey
in the Crypto world with a Decentralised Crowdfunding Platform like Polkastarter.