What is a crypto launchpad, and how does it work?

submitted 1 year ago by jamesright to cryptocurrency

Crypto launchpads are the platforms that allow entrepreneurs to raise funds while allowing investors to gain early access to their tokens. Basically, it offers tools to assist with the launch process of tokens, which includes token issuance and distribution.

There are various stages in the workings of a cryptocurrency launchpad, such as:

  • Firstly, an entrepreneur has to submit a project proposal, which is reviewed before being approved.
  • Once approved, it gets help from the launchpad team.
  • Next, the tokens are offered for sale on the platform.

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