How to use Crypto Launchpads in the best way?

Every stock market trader knows that the best time to enter the market is during Initial Public Offering (IPO) stage of any company. It is the time when the stock prices are generally lowest as compared to later stages of the trading.

Similar to stock market, the crypto companies or developers also offers initial sale of their crypto to the public. Some of the ways they do this are Initial Coin Offerings (ICOs), Security Token Offerings (STOs), and Initial Exchange Offerings (IEOs). The latest method in this category is Initial DEX Offerings (IDOs).

An IDO is a decentralized crowdfunding platform which opens up a whole new experience of asset purchase for the public. The most popular DEX launchpad is BSCPad by Binance. Some of the successful projects that came out of IDOs are Raven Protocol, UMA Protocol, BAND Protocol, Elrond, Polygon, and many more.

Here are some of the ways to use IDO launchpads in the best way possible:

  1. To make quick earnings — Since IDOs generally offer lowest prices during the entire life of a cryptocurrency, you can make quick profit by selling the crypto immediately after it launches on exchanges. When a crypto launches on any exchange, its price soars and you can make quick profit during the initial couple of days.
  2. Gain more after launch — Once a crypto is launched, it experiences a parabolic nature in its market price. The price generally increases due to initial interest of the people and then it decreases sharply after a couple of days due to early investors flipping their crypto. You can utilize this drop to gain more profits in the long term by buying more assets.
Market price of UNFI shows a spike during the initial launch period

3. Long term potential — The final way to use launchpads is to get crypto assets of high potential during their initial stage at low prices. One quick way to identify high potential is to see if some high profile VCs are investing in that asset. You can identify the investors from crypto’s website or a third part platform like CypherHunter.

So, the above three strategies will definitely help you achieve success along with asset creation for your future.




Just like to observe things closely….everyday!

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

The scalability problem, (very) simply explained

Weekly update— June 1


Is Russia Using Bitcoin to Evade Sanctions?

A newer future: speaking against backward-looking innovation.

Guide: How to Set Up Custom Matic Mainnet RPC for Metamask & Transfer Assets from L1 to L2 to use…

BITSONIC’s Vision & Mission

Introducing Myself

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ankit Verma

Ankit Verma

Just like to observe things closely….everyday!

More from Medium

Crypto Beginner Series (2022): Step-by-step guide to buying your first Bitcoin (& Ethereum)

A newbies attempt at crypto investment.

Why should you trade on Coinsbit India?

Why these crypto categories will succeed