PRYZ Educates — What is a Launchpad?
In this educational article from PRYZ we are going to cover off what a launchpad is and the benefits of being able to use one to you the investors. It’s not a secret that the earlier you can get in to a good project the more profitable it is, and lets face it you can’t get much earlier than a projects pre sale.
Early adopters of successful projects always benefit the most because they stick with the project from the bottom, they deserve to enjoy the fruits of success. A crypto launchpad is the best place to find a project in its early stages.
The number of cryptocurrencies keeps rising on a monthly basis. As of December 2021 there were over 7500 different cryptos and this just keeps rising all the time. However, with the rise in new projects coming in to the space this has also meant we’ve see a rise of crypto scams. According to the Independent, crypto scams in 2021 have risen by more than 30% compared to just a year prior.
That’s when a trusted crypto launchpad (such as PRYZ) comes in.
What Is a Crypto Launchpad?
With the crypto industry expanding tremendously and plenty of projects depending on the decentralised world to raise capital, 2021 has presented us with a generous number of newborn crypto launchpads.
Crypto launchpads, also known as crypto incubators, are platforms that allow blockchain-based projects to raise capital while giving access to early-stage token sales for their group of investors. Getting access to early-stage sales means a bargain price for the investors before the public launch on the market. Also, because the cost of launching in a crypto launchpad is low and deemed more secure to potential investors, more projects are heading towards launchpads for fundraising.
Launching a project through a launchpad offers security to both founders and investors. Top crypto launchpads have a rigorous vetting process for new projects, while a KYC (Know Your Customer) process is usually performed by a third party as part of new users’ verification.
Additionally, launching the project through a launchpad provides new founders with access to a community of crypto investors and enthusiasts, ready to explore a new project.Why Use Crypto Launchpads?
Why Use A Launchpad?
Crypto launchpads act as a bridge between investors and startups — startups get access to the needed funding for the development of the project, and early investors get access to early-stage deals. Let’s go through this scenario in more detail:
- Projects — By launching their projects through a launchpad, founders get what they need — which is capital to move the projects forward. Additionally, a launchpad offers exposure to a project by bringing it in front of an established community of crypto enthusiasts. For example any new projects which come to PRYZ will automatically get exposure to our holders.
- Investors — Early investors tend to get tokens at a much better price compared to when the token launches on the public market. Lets use LIQ as an example for PRYZ. Pre sale investors got in at around 14c per token. But when the project hit Pancake Swap it went right up to over 30c per token.
Why Is PRYZ Different?
Most of the big name launchpads in the space require those who wish to take part in launches to hold a set amount of the native token. In that respect PRYZ is no different as you need to have PRYZ tokens in order to even be considered for any incubators held on the platform. But our 3 main differences which will set us apart are;
- The Tiers- Unlike other launchpads we offer the tier system. Each with its own benefits. Of course those with larger bags get the bigger benefits. But with PRYZ we offer smaller holders a chance or pre sale access if they meet the criteria.
- Full Service- When we take on an incubator we don’t just launch that project. The PRYZ team works with that project on every aspect they need assistance with, whether its marketing, token creation, locking LP or community growth. Unlike other launchpads we offer more than just our community.
- NFT Marketplace- Our long term goal is to use NFTs as your access ticket in to incubator projects. Holders of these NFTs will be able to sell their slots on launches should they decide they don’t wish to take part. This is a unique take on Whitelist access.
Useful Links
If you wish to learn more about what a launchpad is here are some more use links.
