What is a Launchpad?

DecimalChain
1 min readMar 28, 2022

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📲Launchpad is a decentralized platform through which cryptocurrency startups attract funding for the development of their projects. Another task

The launchpad is about creating a safe place where developers find potential investors and vice versa. In this case, the creators get finance, and investors get early access to a promising new product.

🔐Thanks to the decentralized architecture and accessibility, the launchpad is now evaluated by experts as the ”standard” of the tokensale, which has a great future. Decentralized crowdfunding platforms received such a high rating due to such advantages as:

🔹 security

🔹 simplicity and accessibility

🔹 minimum restrictions

🔹 minimum costs (due to smart contracts)

🔹 transparent terms of cooperation

👤To become an investor on the launchpad, you need to have a cryptocurrency wallet. If launchpad is on a centralized exchange, then you don’t even have to go through any additional registrations and verifications, since you have already passed them on this exchange and have access to all tokens from one account.

🖥️Decentralized platforms operate on various blockchains and use specific tokens. It is with the help of these tokens that it will be possible to interact with the launchpad created on DEX. You will also have no difficulties with buying and exchanging these tokens.

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DecimalChain
DecimalChain

Written by DecimalChain

Explore, Build, Earn on the Decimal. Decimal helps communities to issue and manage blockchain assets.

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