The crypto world has become the savior of the disruption that traditional financial institutions have caused in the last decade. Multiple economic recessions coupled with geopolitical tussles and a global pandemic, have damaged the global economy. Cryptocurrencies have been called scams and money laundering devices by people who have not looked between the line. Even still, the market cap of cryptocurrencies had touched trillions of dollars sometime back during the last boom. New projects focusing on once-novel applications such as non-fungible tokens (NFTs) have been the reason for such a meteoric rise of blockchain-based tender. IDO launchpad development has been instrumental in recent times for such projects to come to life.
What is an IDO Launchpad?
An IDO launchpad is a platform that helps crypto projects to raise funds using the IDO mechanism. IDOs (expanded as Initial DEX Offerings) are capital-raising mechanisms in the crypto world that utilize decentralized crypto exchanges (DEXs) for listing project tokens and ensuring liquidity. IDOs became popular just before the pandemic, with the first project listing in June 2019. They were welcomed immediately due to their part in decentralized finance (DeFi) using decentralized exchanges and the extensive usage of smart contracts. The fact that the older crypto fundraising methods, Initial Coin Offerings (ICOs) and Initial Exchange Offerings (IEOs), were rife with shortcomings and loopholes further enhanced the popularity of IDOs. The offering method is also behind Security Token Offering (STO), which is another fundraising method that has physical assets for support.
Elegant Features of an IDO Launchpad
- Integrated crypto wallet
- Multi-level staking modules
- KYC/AML protocols
- Project listing portal
- Project listing pages
- Investor liquidity pools
- Dashboards for administrators, investors, and project managers
- Interoperable on multiple blockchains
- Fast token allocation mechanisms
- Decentralized finance elements (Such as staking)
Impactful Advantages of an IDO Launchpad
Project tokens offered from the IDO launchpad can be immediately traded by buyers since these platforms are non-custodial in nature, meaning that tokens will not be held by any authority. Built-in wallets serve the purpose of token transactions, and there are no hidden functionalities hindering one’s ability to trade IDO tokens instantly.
Projects trying to list in an IDO launchpad can do it easily as the costs involved are considerably lower than in platforms using other fundraising methods. This is due to the absence of central authorities and the usage of smart contracts that effectively use the blockchain to incur lower gas fees.
Tokens from an IDO launchpad can have immediate liquidity with zero slippage as they use decentralized exchanges.
Top 5 IDO Launchpad Development Companies
Although you can carry out IDO launchpad development by hiring in-house developers, the process is easier said than done. To ensure no struggles are caused, details on the top 5 IDO launchpad development firms are given below.
Blockchain App Factory
Blockchain App Factory is a globally popular Web3 application development company that has IDO launchpad development as its core competency. The firm has been in the industry for more than half a decade at the time of writing and has already taken part in realizing hundreds of Web3 business ideas. The firm’s professionals are well-versed in building IDO launchpads from scratch and prefabricated solutions, both of which have advanced features embedded in them per clients’ requirements.
Infinite Block Tech
Infinite Block Tech is a company famous for its blockchain-based platforms that exceed industry standards. The firm’s expertise in IDO launchpad development is underrated, although it has provided a few extraordinary platforms for its clients. IDO launchpads from the firm have all the essential features added at default, along with provisions to include additional elements with ease. The company is also able to integrate these platforms onto multiple blockchains and offer cross-chain functionality even for White label solutions.
AppDupe is a pioneer in the Web3 space that cherishes developing platforms based on various business models. IDO launchpad development is one of the capabilities on the long list that their website shows. The experts in the firm build fantastic IDO platforms with the support of powerful technological stacks at their disposal. AppDupe also has test-hardened pre-made solutions for these platforms, which can be trusted at any time. The firm offers all its services with a client-centric approach.
An Indian startup working on creating multiple Web3 applications, Maticz has an exciting bunch of young blockchain professionals who converge people and technology together. IDO launchpad development is the main weapon in its arsenal, and the company has developed a number of platforms to realize the Web3 dreams of various business owners. One must not forget that Maticz has earned special mentions for its White label IDO launchpad solutions which can be extensively customized to fit customers’ business needs.
As one of the firms that often goes under the radar, Turnkey Town has done more than enough to keep itself up in the Web3 race. Even though the company has a variety of capabilities, IDO launchpad development is one of its most in-demand skills among aspiring business owners. The firm provides IDO platforms with extensive features to their clients, along with the ability to develop them across blockchains to provide a wide business scope.
The above five firms have pole positions in IDO launchpad development after the first half of 2022. Even though the year saw a crypto crash earlier, markets are recovering briskly, partly due to the rise of many ambitious crypto projects letting their IDO tokens out to the public. IDO launchpad platforms are needed more than ever as the world is transitioning towards decentralized societies powered by multiple decentralized elements. If you want to create an IDO launchpad platform, consider working with one of the above companies. Every company has a unique point of excellence and different approaches for making the same product, although everyone commonly focuses on fulfilling customer needs. So, get ready, buckle up, and run over to support the growth of the Web3 space with a fabulous IDO launchpad!