This decade is witnessing a lot of changes since the pandemic. Everything online has become the new normal now. Though blockchain and Cryptocurrency came a decade ago, they gained a tremendous reach recently. This started with the sudden surge of increase in the value of Bitcoin. The passive income offered by Cryptocurrencies and the decentralized nature of the blockchain is bringing a huge crowd to the industry. This is creating a revolution in how people are approaching finances.
IDO Launchpad has been receiving a lot of traction recently. Initial DEX Offering is one of the many crypto crowdfunding modules but is the most preferred model today. This has brought a lot of new projects as well as investors who are into investing in IDO tokens. Here is a complete guide for entrepreneurs on why they should take up IDO launchpad development and how to start one to hit the market soon.
Why is IDO the most preferred?
When you heard Initial DEX Offering is one of the many crypto crowdfunding models, but is the most preferred, it is not an exaggeration. In Initial DEX Offering, an ongoing crypto project which is looking for funds to continue the development process will launch its IDO tokens to the public. This sale is launched in a decentralized exchange platform where they promote immediate liquidity to the IDO tokens. This will not only offer an immediate trading option but also increases the value of IDO token once investors start to buy them.
This not only offers benefits to the project holders but also the investors. You might now wonder how? Since there is an immediate trading option, the investors have a number of benefits. Organizing an IDO in a decentralized and reliable platform will save investors from scams and rug pulls. The platform will go through a series of security checks and background verification before launching.
On the other hand, the investors can buy the IDO tokens during the launch for a cheaper price and can sell them immediately or at any time when the value of the token increases. This gives a better passive income to the investors than investing in other Cryptocurrency exchanges. Since the crypto user base is growing tremendously, people are looking for better options in the crypto space, and investing in an IDO through a reliable IDO launchpad is the best option to date.
What do investors and crypto projects look for?
When it comes to an IDO launchpad, it is equally important to concentrate on the needs of both the investors and the crypto businesses who launch their projects on the platform. Here is what you have to concentrate on while developing your platform.
Crypto projects who want to list their project looks for the following in an IDO launchpad
- The blockchain in which the IDO launchpad is built. There are many IDO launchpads dedicated to blockchain networks like Ethereum, Binance Smart Chain, Solana, Cardano, Polkadot, etc.
- There are multi chain IDO launchpads that are EVM compatible. That is, it can host projects built in various blockchains that are Ethereum compatible.
- The listing or screening process of the platform must not curb the project from reaching potential investors.
- The listing fee must not be too high that it makes it impossible for crypto startups to list them on the platform.
- A fair whitelisting process so that their tokens won’t go unsold or sold for only a few retail investors rather than many potential investors.
Having this aside, when it comes to actual users or investors, they mostly expect a secured platform that won’t scam them. The investors expect
- A good screening and listing process that checks the background of the projects. This will ensure that the users are not investing in scams.
- A fair whitelisting process for the users that offers equal opportunity to take part in the IDO.
- Safe and secured transactions of fiat and crypto assets without any delays.
- Liberty to sell and buy the tokens anytime suffering the IDO token sale event.
- A dashboard that can list down promising projects, their background details, contact information, and others so that the investors can get enough information before joining the IDO
Premium features you should concentrate on an IDO launchpad
Easy-to-use features and a simple working process is the one thing that can attract beginners to IDO. some of the important features that will offer a better user experience are
- Easy User Registration
- Two-factor authentication
- Wallet integration
- Easy whitelisting process
- Secured transaction
- Transaction history
- Featured IDO projects
- Project background details
- Easy buying and staking native tokens, etc
It is also important to give essential attention to the security features applied to the platform. It is crucial to provide multi-layer security so that the platform is free from external security breaches and threats.
How to Build an IDO Launchpad platform?
Many entrepreneurs think that developing an IDO launchpad is a time-consuming and tedious process. Having a white-label clone and customizing the script according to the requirements is now trending among crypto enthusiasts. They take up these Whitelabel clones, customize and launch them in the market within weeks.
While it takes months to develop a platform from scratch. This makes an affordable and most preferred solution for budding entrepreneurs to enter the crypto market.
- Do the basic research on the crypto market, the user behavior, and others to know the industry better
- Pen down your ideation that is going to give life to your IDO launchpad platform
- Choose the blockchain network to start your IDO Launchpad development
- Come up with the list of features you want in your IDO launchpad
- Have a user interface design to apply so then non-tech background users can also easily use your platform
- Get technical guidance from an expert regarding the development process and select an experienced developer to entrust your project.
What should you expect from a developer?
Blockchain technology is gaining popularity at a faster pace now, and people are rushing towards it. There are many blockchain developers out there who can develop an IDO launchpad. But when it comes to entrusting IDO launchpad development to them, it is important to look into various aspects of the developer. Many entrepreneurs find it difficult to select the right developer for their project. It is essential to look into their previous projects, their expertise in blockchain technology, and their years of experience in this field. Apart from this, it is also important to know whether the developers offer
- Native token development
- Transparent development process
- Expert in an updated tech stack
- Attractive front end development
- Robust back end development
- Series of the testing process
- Multichain Compatibility
- Pre-development guidance
- Post-development support
- On-time delivery
Many developers who can offer a live demo on the white-label launchpad development solution that is kept ready for your customization. There are genuine developers out there who are ready to offer technical guidance before starting the development process. Some even offer marketing services to take the platform they develop to the spotlight so that they reach the right target. These developers understand the user base better and offer a cutting-edge solution to make up your dream IDO launchpad.
IDO launchpad development is creating a sudden surge in the need for experienced developers now. People are seriously into cryptocurrency and blockchain for real. Commoners are getting to learn about blockchain and cryptocurrency after hearing about their high returns on investments. This cryptocurrency revolution is taking up a fast pace recently marking it the right time for entrepreneurs to get into the crypto space.