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:
- 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.
- 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.
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.