IDO & Blockchain Launchpad
The blockchain field has blossomed with innovation in the previous year, and the number of new projects has increased tremendously.
While many of these turn out to be duds, a proportion goes on to achieve considerable success and can represent lucrative investment opportunities. However, identifying these projects at an early stage can be a challenging endeavor. Not just because of the sheer quantity of projects, but also due to barriers to entry.
What is IDO?
An Initial DEX Offering (IDO) is a fundraising method in which a coin or token is issued via decentralized exchange (DEX). Instead of exchanges, vocal community members vet projects and tokens, and then the tokens issued via IDO are listed on a DEX.
As of 2021, most IDOs follow these three steps:
Decentralized Approval: A fundraising project goes to a DEX launchpad, and if they meet the platform’s demands — usually some type of staking and whitelist requirements — they are permitted to conduct an IDO.
Public Sale: The project creates a token pool where users can buy “IOUs” of the token that the project wants to launch. In other words, the investors pay for their tokens in advance but receive them upon the Token Generation Event (TGE), which usually happens shortly after the IDO itself. This way, instead of fixing the price, the issuer is able to conduct an auction which results in a demand-supply driven sale price.
Token Listing: Once the IDO is successfully concluded and the TGE takes place, the token is listed for trading on the DEX. Listing is done on automated market maker (AMM) exchanges like Uniswap and Balancer, and because of the decentralized and permissionless nature of these exchanges, listing usually doesn’t entail approvals or fees. The issuer can create a pool using its tokens and part of the sale proceeds.
Liquidity Incentivization: Some projects may also establish a liquidity incentivization to kickstart usage of their proposed product or service. Users are able to earn tokens by performing actions like providing liquidity for a platform
IDO launchpads can pose an attractive solution since they allow participants to gain access to often highly sought-after projects before they list on public exchanges. This, therefore, allows participants to enter at the lowest possible price and benefit from the maximum return.
However, the launchpad space is getting crowded. Not all launchpads are always able to secure high-quality projects for their participants. As a result, launchpad selection is a challenge in and of itself — particularly when it’s not possible to participate in multiple options.
OnePad Launcher
OnePad Launcher is a platform supporting developers to sell NFTs early under IGO form, where NFT are bought at preferential prices through the same rounds as IDO. With OnePad launcher, NFT developers can easily launch IGO campaigns and ensure the safety of all transactions.
With our professional team & advisors, we are NFT-izing many potential projects from developers over the world.
Learn more about OnePad at:
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