Connect with us

Bitcoin

How Launchpads Will Impact The Future of Crypto

Published

on

Shibapad

As more people use Cryptocurrency to diversify their investment portfolio, there

has been a marked increase in the number of investors that have turned to launchpads to further their chances at success when considering where to invest or not. . Launchpads have been around for a while and have established themselves as important players in the crypto and blockchain industries. They’ve progressed to the point where many tokens use them as part of their main strategy to achieve market success and growth. To better understand how launchpads will impact the future of crypto, one needs to understand the following: What is a launchpad? How do they function? What influence will they have on the future of cryptocurrency?

Launchpads

Platforms are critical in the crypto space. There is always a need for a platform to launch new coins and crypto projects – these are called launchpads or IDO’s. Crypto launchpads have garnered attention due to the loopholes in the previously existing crypto investment system, as these launchpads enable investors to spot early-stage cryptocurrency projects and participate in pre-sales, often with lower prices.

How Launchpads Work

Launchpads work as a filter for people to select the “best” or “better” projects that have gone through some form of the vetting process by the launchpad. Direct access to crypto projects and crypto investment is what makes these platforms so sought after. They have received the project proposals, filtered them for the users, and then listed them to their website for further bidding. Many launchpads have a priority system in project distribution. Large shareholders get the guaranteed project share; however, smaller shareholders must go through a lottery system. Launchpads provide tokens to their subscribers, and they can invest these in any crypto project listed on the launchpad.

How Launchpads will Impact Crypto in the Future

Previously, there was a lot of fear for scammers and trust issues about crypto, all of which posed a huge hurdle in the growth of crypto projects. Scammers caused a number of challenges for investors as well as for genuine crypto project owners. Launchpads have entered the market to better serve the people and their growing demand to refine the selection of thousands of projects; although launchpads are also a form of the crypto project due to their name recognition and trust, they are used as a filter to effectively separate scams and genuine crypto projects for both investors and the project owner.

As mentioned, crypto launchpads are reducing risks and increasing opportunities for investors and project owners. Regular investors now have access to previously unavailable opportunities traditionally reserved for venture capitalists and other large-scale investors. More users are looking to and making use of launchpads and investing in the businesses due to the security and accessibility provided by these launchpads. Now anyone can buy tokens, for any amount, with the sense of security from scammers and guaranteed results.

Going forward cryptocurrency is likely to see a much larger number of investors, as the growth of crypto leads to an increase in token prices and competition. The biggest benefit is that investing should be easy and safer due to these launchpads. Crypto launchpads have been shown to improve over traditional fundraising approaches, which the insider community has mostly ignored. However, many launchpads platforms have many rooms for improvement that can be considered, for example, guaranteed investment for everyone, increasing transparency, and ensuring everyone can get a space for investment.

Best Crypto Launchpads

Below is a list of some top crypto launchpads with unique features and facilities. Each Launchpad has its pros and cons, which users have to consider according to their requirements. We have gathered a few of the top launchpads for your reference.

An example of a successful launchpad is BSCPad, which acquired similar aspects to Shibapad by empowering crypto projects, and the power of token distribution which lead to funding. BSCPad started at $0.022 and at its all-time high, reached $6.87, a 31,227% increase.

Another launchpad that can be referenced is ADAPad. ADAPad is similar to BSCPad but it is the first deflationary launchpad for the Cardano ecosystem. ADAPad started at $0.004 and hit an all-time high of $1.23 – a 30,750% increase in price.

Let’s take a closer look at ShibaPad.  ShibaPad is a meme-friendly, community-based launchpad, with the aim of getting the attention of every meme-lover on the Binance smart chain.

In view of the launchpad’s ideals of reliability and trustworthiness, the Shibapad team has produced a launchpad that is controlled and managed by the community itself (the same community that strives to invest) with the possibility to apply and contribute to the launchpad by voting for and holding the $SBP token.

It is the platform’s first governance token, which is currently in its early stages and will provide a secondary income stream through staking. Token Holders will be able to stake $SBP for the opportunity to earn $SBP. Also, it comes with a governance feature that lets token holders vote on important issues by escrowing tokens. Top holders of the project will get Gen1 NFT airdrops, and the portion of their $SBP will determine the launchpad levels.

Launchpads brought new life to the world of cryptocurrency. It provides opportunities to regular investors that were once only for venture capitalists and high-net-worth individuals. Launchpads have become a bridge between investors and projects, decentralizing the world of investment opportunities. The rise in the use of launchpads has created a considerable shift in the cryptosphere, making investments easier, faster, and more reliable.

 

 

google news
Advertisement

Bitcoin

Crypto Market Falls With Cardano (ADA) Losing 10% In Last 24 Hours

Published

on

Crypto Market Falls With Cardano (ADA) Losing 10% In Last 24 Hours
  • In January, ethereum is down more than 18 percent.
  • Cardano’s market capitalization fell to $41.27 billion.

The worldwide cryptocurrency market capitalization has fallen by 7.75 percent in the previous 24 hours to $1.83 trillion. A decrease in investors’ confidence sent Bitcoin’s price down to $39,000 today, continuing the downward trend. The most popular and most valuable cryptocurrency in the world fell by almost 7% to $38,802. Since the beginning of this year, the value of Bitcoin has fallen by more than 14%.

Meanwhile, the second most popular cryptocurrency, Ethereum, fell below the $3,000 barrier. At $2,861, it’s down by more than 8%. Compared to Bitcoin’s 60 percent rise last year, the token gained nearly 400 percent. However, in January, the token is down more than 18 percent.

Since October 27, 2021, Cardano’s (ADA) one-day percentage loss has been the highest. Cardano’s market capitalization fell to $41.27 billion, or 2.22 percent of the overall cryptocurrency market capitalization, following the downward trend. At its peak, Cardano’s market capitalization was $94.80 billion dollars. The preceding twenty-four hours have seen Cardano move between $1.2117 and $1.2802.

Read More: Cardano Price Prediction

60.90% Down From All-time High

Cardano’s price has been stagnant for the previous seven days, moving only 1.19 percent. The last seven days have seen this currency fluctuate between $1.2113 and $1.6349. Cardano is now trading at a loss of 60.90 percent from its all-time high of $3.10 reached on September 2, 2021.

ADA/USDT: Source: TradingView

Cardano’s price is now $1.23 USD, with a 24-hour trading volume of $2,814,126,246 USD, according to CoinMarketCap. Compared to the previous day, there has been a 9.99 percent decline in the price of Cardano.

google news
Continue Reading

Bitcoin

Crypto Market Fumbles Yet Again, Global Market Cap Shrinks by 7.67%

Published

on

Crypto Market Fumbles Yet Again, Global Market Cap Shrinks by 7.67%
  • The market’s momentum might be influenced after the FOMC meeting.
  • An 8-10% drop in the price of almost all of the top ten cryptocurrencies.

During the past three hours, the crypto market has seen a 7.67 percent drop, resulting in the loss of more than $150 billion in investors’ capital. Bitcoin (BTC), the world’s most popular cryptocurrency, has fallen 7 percent. Since August 2021, Bitcoin has been trading below the $40,000 mark for the first time. Bitcoin now has a support level at $37,500. It might fall below $30,000 or even lower. 

BTC/USDT: Source: TradingView

According to CoinMarketCap, the Bitcoin price today is $38,857.07 USD with a 24-hour trading volume of $33,829,769,732 USD. Bitcoin is down 7.16% in the last 24 hours.

Read More: Bitcoin Price Prediction

Bitcoin critic Peter Schiff writes:

“Bitcoin has finally broken the neckline of a head-and-shoulders top. The scary part for the longs is that the pattern projects a move below $30,000. Once that level is breached Bitcoin will have completed a massive double top. From there a crash below $10,000 is highly likely.”

Efforts by the Federal Reserve to curb inflation have begun to impact the equities and crypto markets. The market’s momentum might be influenced after the FOMC meeting next week.

Altcoin Market Witnesses Significant Correction

Ethereum, a Bitcoin rival, is down by 9% and has fallen below its critical support level of $3,000. Ethereum (ETH) has a market capitalization of $341 billion. The altcoin market has seen a significant correction. 

1642745542 700 Crypto Market Fumbles Yet Again Global Market Cap Shrinks by
ETH/USDT: Source: TradingView

According to CoinMarketCap, the Ethereum price today is $2,855.69 USD with a 24-hour trading volume of $17,850,250,761 USD. Ethereum has been down 8.43% in the last 24 hours.

Read More: Ethereum Price Prediction

There has been an 8-10% drop in the price of almost all of the top ten cryptocurrencies. For the first time in a long time, Polygon’s MATIC has fallen below $2.0. As bears seize power, it’s tough to predict what will happen in the near term.

google news
Continue Reading

Bitcoin

GARI’s First-day Trading Volume Exceeds $100m on 12 Major Exchanges

Published

on

GARI's First-day Trading Volume Exceeds $100m on 12 Major Exchanges

On the first day of trade, Chingari, an Indian-based short video-making app, revealed that its native token, GARI, has reached the $100 million mark in trading volume. The “Indian Tiktok” reached the milestone just hours after being launched on Huobi Global, Kucoin, OKEx, FTX, MEXC Global, and Gate.io, among others.

BTXEC, CoinW, BitMart, Zebpay, Hotbit, Bitbns, and LATOKEN are among the 12 biggest centralized crypto exchanges that presently list the GARI coin. During its first listing on January 18, 2021, GARI became the first of its sort to be listed on more than 10 exchanges at the same time.

The Chingari app, which is accessible on iOS and Android app stores, was launched in 2018 and has quickly received attention in India and South Asia, paving the way for the shift to decentralized social media platforms. The GARI token was unveiled three years later to great hoopla, with Salman Khan, the iconic Bollywood actor-turned-brand ambassador, revealing the token in front of millions of Indians last October. 

The GARI token was introduced to the public only about two months after its creation in an oversubscribed initial decentralized exchange (DEX) offering, IDO, on Solana’s SolRazr launchpad, raising $4 million dollars in a matter of minutes. Republic, Galaxy Digital, Alameda Research, Solana Capital, and Kraken Ventures are among GARI’s major investors.

Later, as Chingari surged to the top of India’s social media app rankings, media exposure and market for the token skyrocketed to great heights. While the country’s prohibition on Facebook and Tiktok aided Chingari’s rise to fame as a leading social media app, the app’s success is mostly due to its creator benefits and censorship-free network to all its users. The app was named “India’s #1 application on Google Play Store” in 2021, with more than 32 million active monthly users and more than 100 million downloads.

The recent achievement demonstrates Chingari’s and GARI’s ability to transform the video-sharing market, with the goal of defeating Web2 large tech behemoths like Tiktok, Youtube, and Instagram. Furthermore, such high volumes demonstrate traders’ and investors’ excitement about what is yet to come on Chingari’s platform.

Despite this success, the GARI token will be merged into the Chingari app, giving the game’s 30 million users access to a whole new world. The token, which is based on Solana, allows users to tip their favorite creators and artists instantly, efficiently, and affordably. Participants who make, post, and watch videos on the app will also be rewarded with GARI.

Ultimately, the token strives to allow artists to create, share, buy, and sell on the Chingari e-commerce arena, due to its strong community. On the platform, users can also make NFTs (short films) that allow users to buy products from or communicate with their favourite content providers.. 

About Chingari

Chingari, which launched in 2018, is a platform for creators that allows them to upload short films and earn money through merchandise shops, subscriptions, and unique ways to communicate with their followers. Chingari has been branded the “TikTok of India,” and it has more than filled the void left by the banning of TikTok and a number of other social media applications in India. The app has exploded in popularity after it was updated in June 2020 to better fit with their crypto and creator focus. The number of active users on Chingari has grown at an exponential rate, reaching milestones of 100,000, 1 million, 10 million, and finally 100 million.

About GARI

GARI, the Chingari app’s native token, debuted in October 2021, with a creator-centric strategy and additional incentives to encourage content creation. The token became the first cryptocurrency to be listed on all six major centralized crypto exchanges at the same time, including FTX, Huobi, and OKEx.

google news
Continue Reading

Trending