Name a Popular Launchpad Platform Used for IDOs.
A popular launchpad platform is Polkastarter. These platforms provide a vetted, standardized environment for new projects to conduct their Initial DEX Offerings (IDOs).
They often require participants to stake the launchpad's native token to gain access to the sales. This staking mechanism helps manage demand and provides a layer of curation for investors.
Glossar
Initial DEX Offerings
Mechanism ⎊ Initial DEX Offerings (IDOs) represent a decentralized method of token distribution and fundraising where a new cryptocurrency project launches its token directly through a Decentralized Exchange's (DEX) liquidity pool.
Launchpad
Platform ⎊ A Launchpad is a dedicated token sale platform, typically hosted by a major cryptocurrency exchange, designed to facilitate the initial distribution of new project tokens to a curated investor base.
Launchpad Platform
Genesis ⎊ Launchpad platforms represent a novel intersection of venture capital and decentralized finance, facilitating initial coin offerings (ICOs) or token sales for projects building on blockchain networks.