Cryptocurrency is not a fickle sham. It is equivalent or much more valuable than gold and is here to stay. It is rapidly taking over the investment world. Funds keep following in and out of the crypto empire. People with innovative crypto ideas and solutions require funds for their projects. This is where an IDO Launchpad Like Polkastarter comes in handy. Innovators and entrepreneurs seek this platform to gain access to capital for their projects through crowdfunding. Just because a project is listed on an IDO Platform does not mean that it is a guaranteed success. At the same time, not all projects receive adequate funding for the venture to kickstart. Only when good projects are matched with potential investors will a business take off. This is the IDO Launchpad’s job. They are to ensure and verify each project and showcase them to cash-rich investors.
How Does An IDO Launchpad Work?
An entrepreneur lists his project on an IDO Launchpad to raise funds for his project. The platform sells its native coins or tokens to raise funds for the aforementioned project through Defi. This enables a crypto coin/token to be exchanged with another crypto coin or token that has stability and value. IDO Platform Development like Polkastarter will also focus on the traceability and viability of each project.
Insights On Polkastarter:
Polkadot is compatible with multiple blockchain networks. It is a token exchange pool and auction platform that is built on the Polkadot blockchain network that was launched in 2020. This allows budding businesses to raise funds easily in the decentralized environment. In just one month the native coin value has risen by 500% to $1.78.
The main reasons for the rise of POL are attributed to strong rallies, exchange listings, strategic partnerships, and lots of tokens listings through auctions.
The Path For Polkastarter’s Rise:
In the beginning, Polkastarter was only available on Poloniex and Unisawp. This was a major problem for its users due to low liquidity and way too high ETH gas fees. They realized this problem and decided to expand onto Huobi and their market value went from $2 million to $22 million overnight. If it gets listed on another high-volume exchange, it possesses the potential to shoot faster than the rocket.
Polkastarter is able to attract large amounts of capital for their project listings. This captivates new and genuine business ventures and the number of authentic listing increases which increases the cash inflow rate and so the cycle keeps on repeating.
Polkadot enables token pools and auctions across other blockchains. This increases traffic towards their platform.
Why Is The Polkastarter Clone Better?
When in comparison with ICO and IEO, IDO is far better for the following reasons:
- In ICO and IEO platforms they charge an exchange fee and it takes time to get approved on the platform to be listed but it is not so when it comes to IDO. It is faster, cheaper and much more efficient.
- IDO is completely decentralized as there is no centralized party to oversee the ledger, which means no additional transaction cost.
- There is no need to wait for your project to be listed. The vocal community vets and verifies the project, which is enough for the project to be listed. This is a means for small ventures to grow.
- The liquidity factor is high when it comes to IDO. Instant liquidity is one of the main features that attract investors.
Click here to get into the technical details of developing your IDO Launchpad on Polkadot.
How To Get Started On Polkastarter Clone?
- The perks of Polkastarter is that it is so simple and user-friendly that even someone without any experience with computers will be able to access and use it with ease. All they have to do is follow these painless instructions
- The first step is to open a crypto wallet. The officially supported wallet is the desktop version of Metamask. All wallets are integrated so open a secure wallet of your choice.
- Fund the wallet with a sufficient amount of cash to cross the whitelist criteria. Your dashboard will verify whether you’ve checked it or not.
- Once an IDO is launched, tokens will be sold. You must go to the official page of the whitelist to view and purchase these projects and coins correspondingly.
- A successful notification is followed by a notification stating the transfer of rights.
Reasons For The Success Of IDO Launchpad On Polkadot Vs Other Blockchain Networks
- Multi-chain swaps:
Polkastarter Like IDO Launchpad Development will entail the interoperability of different blockchains, this benefits users as their options increase. The transactions that take place in cross-chain swaps are highly secure as they are extremely transparent which reduces the risk of being hacked.
It is highly secure due to its anti-scam features and protocols. It sends out a notification whenever the platform detects unwarranted activities.
- KYC Protocols:
Polkastarter grants access to users only once they have fully completed the Know Your Customer verification and identification procedures. This increases the safety and security of the platform multiple times.
Is It Profitable To Develop A Polkstarter Clone?
IDO Launchpad receives a lot of traction and positive limelight as authentic and dedicated entrepreneurs come forward to raise their capital through crowdfunding. Investors notice the capability of these projects and want a piece of the action. Earlier the investment, the higher the reward. This pushes investors to invest more in small projects.
The highlight for a Polkastarter Clone is Crypto space spreading at a rapid speed. A Launchpad enables the crypto world to expand faster. This is why now is an ideal time to develop your Polkastarter clone.
Why Choose Turnkeytown To Develop Your IDO Launchpad?
Turnkeytown is one of the best IDO Launchpad Development Companies that exist. We have dedicated blockchain experts to connect your ideas and coding together. Developing a Launchpad is no easy task but we will make it painless for you to venture into this new field. We will arm you with more than enough knowledge to succeed. We also deliver on time so do not fret. Contact us today to know more.