IDOs (initial DEX offerings) are the next big thing in the crypto world, especially with respect to decentralized finance, and they’re offered to early investors in the same manner as ICOs (initial coin offerings).

IDOs, a form of crowdfunding that is being used by DEXs (decentralized exchanges), are an example of a fundamental shift in crowd-sale patterns. They provide more liquidity for crypto assets and facilitate faster, opener, and fairer trading.

Experts in the industry say that ICOs are also known as token publics sales. They have been evolving over the past four year with the emergence DEXs. The IDO model has become a viable way to fund crypto projects.

A crypto project cannot launch an IDO on its own, but it needs to do so via a trustworthy, decentralized launchpad such as Kick.io.

The launchpad’s reliability can also be affected by other factors, such as the host blockchain that the platform is hosted on, its scalability, or the consensus mechanism used.

Here we’ll highlight some of the best launchpads or fundraising platforms for IDOs to watch out for in 2021.

Kick.ioYou can find this link: Kick, a crowdfunding platform for IDOs, is built on blockchain technology. It can use DeFi innovations in order to offer a secure, transparent, efficient and completely decentralised service.

Kick launchpad has a similar structure to the traditional IEO (initial trading offering) but there is a major difference. Both the investors and the entrepreneurs transact through a third party platform. IEOs on the other side are controlled by a centralized authority.

In addition, the Kick platform doubles as an accelerator for crypto projects who are looking to scale, as the platform taps into Cardano’s specially designed proof-of-stake (PoS) consensus mechanism known as Ouroboros.

Kick, unlike many of its rivals, offers Cardano native tokens support and advanced DeFi tools to help upcoming projects thrive within the crypto ecosystem.

Notably, beyond being a launchpad for potential IDOs, Kick offers individual investors unlimited access to what it describes as “Tokenomics,” which is a blend for the token economy. Users can benefit from a strong distribution of compatible tokens. They can lock their token up for 6 months, and then get 10% over a vesting period that lasts 10 months.

OccamFiYou can find this link: Positioned as Cardano’s Smart DeFi layer, OccamFi introduces a suite of DeFi solutions that are tailored for the Cardano ecosystem. The platform offers top-notch DEX tools and launchpad capabilities as well as a rich liquidity pool.

OccamFi is one of the first to host on the Cardano Blockchain. It prides itself on being the next generation DeFi ecosystem. OccamFi focuses mainly on OccamRazer its launchpad and Mobius Finance, a decentralized trading platform.

OccamRazer’s launchpad has been a sought-after part of the Cardano ecosystem. With at least six IDOs completed, it is one of the most highly sought-after. There are many more IDOs in the pipeline.

OccanFi, a leading member of Cardano’s Cardano network has quickly become the go-to resource for all projects that are embarking on IDO adventures. OccamFi is a leader in this area, despite the fact that Cardano blockchain is still relatively young.

CardstarterYou can find this link: It is a unique launchpad platform that uses the Cardano blockchain. Dubbed as the “first insured project accelerator for Cardano,” Cardstarter is a decentralized network that functions both as an accelerator and a launchpad, connecting early-stage Cardano innovators to its network of donors.

Cardstarter as an insured project accelerator within the Cardano ecosystem means IDO participants have protection against cyber-attacks as well as financial losses that can result from DeFi exploit and vaporware.

As with most peers, this platform offers access to many DeFi toolsets such as a swapping platform and auto-lock liquidity.

Cardstarter’s native currency is currently the most popular launchpad according to current ROI. As the sole gateway for IDOs and other activities, users must stake $CARDS tokens.

Participating in Cardstarter’s activities, on the other hand, comes at a high price. Cardstarter’s IDOs requires participation in excess of 100 $CARDS coins, and a single $CARDS token costs approximately $18. Kick, on the other hand, has a low entry barrier.

Vent FinanceYou can find this link:Vent Finance, based on Cardano Blockchain technology is an all in one community launchpad. Vent Finance is not like most other launchpads that are transaction-based. Instead, Vent finance is community-based and takes pleasure in creating technology that opens up new possibilities and allows everyone to access DeFi.

Specifically, the platform’s “VentUp” feature is dedicated to IDOs and it is designed to be self-wheeled, allowing participants to interact with high-potential projects as well as invest in them.

Vent’s interoperability to both Cardano-Polygon projects is another interesting feature. This means that Vent Protocol participants can interact across projects from multiple chain leveraging the Vent Protocol.

Participants can get points by staking Vent native asset $VENT token. These points will allow them to be eligible for future token sales. They can also get rewards through community engagement or other fun activities.

Vent, like Cardstarter also provides insurance that protects investors against potential risks. This includes hacks or rug pulls in projects.

It is crucial that you choose a platform that will allow you to seamlessly play the role of investor when choosing a launchpad. The platform should have an intuitive user interface and a low barrier of entry, as Kick does.

EMAIL NEWSLETTER

Get the other side of crypto!

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

[contact-form-7]
With just one click, you can unsubscribe at any time.

Continue reading on DailyCoin