Top 5 IDO launchpads

IDO (Initial DEX Offering) is a type of token sale that takes place on a decentralized exchange. It is convenient because there is no need to pay big exchanges to list a coin. You raise funds, back your token with money, and that’s it, the trading starts.

In 2021, IDO platforms quickly gained popularity. Because of the growing market, each project that managed to be invested in at an early became effective and gave “X’s”. The main difficulty was getting allocation – the opportunity to buy tokens at IDO.

There are several ways to do this. 

The first is a lottery (Whitelist), with simple tasks (subscribing to social networks, inviting friends, retweeting, etc.) for which you can win a spot in the public sale.

The second is the purchase and holding of tokens of IDO platforms. This gives you a guaranteed allocation to the project.

For 2 years the list of platforms for IDO increased significantly. Analytical resource Cryptorank contains the data on 72 launchpads, and this list grows. 

Here are the top 5 token sale platforms by profitability and popularity among users:

Engaged in the incubation of gaming and NFT projects. Since launching, they have made over 50 token sales of both regular and NFT tokens.

 GAFI token staking gives a big chance of winning the lottery. Tiers from $50 to $700 are available. An NFT gives a guaranteed spot in the sale, which once a month is given to 12 lucky winners through an auction. Whoever pays more GAFI will get the allocation.  

RedKite

It is similar to the previous platform and is used to launch gaming, NFT, and DEFI projects.

 RedKite also has a reputation system. The longer tokens are held in staking, the higher the probability of getting a spot in the sale. 

 BSCPad 

It launches projects only in the Binance Smart Chain network but supports all spheres of the crypto world – from blockchain services to wallets and exchanges.

The more tokens are held, the bigger the allocation is. The maximum level is 75,000 tokens, which also gives a private sale spot. Right now it’s $10500.  

 Polkastarter 

Most often conducts token sales of gaming and DEFI projects. Supports the Polkadot blockchain.

The project does not give a guaranteed place in the token sale, but the more tokens you hold, the higher the probability of winning a place. The minimum investment is 250 POLS ($125), and the maximum is 30K POLS ($15000). 

 DaoMaker 

The largest and most reputable IDO platform. Originally it supported only projects on Ethereum, but now it has expanded to 5 blockchains. It is 176th in the ranking of all cryptocurrencies and tokens, with a capitalization of $470 million.

 DAO token staking gives an opportunity to participate in the token sale. The minimal amount is 2,000 coins ($3100), and the maximum is 75,000 ($110K). The longer and more coins you hold, the more likely you are to get an allocation. You can find the complete mechanism on the FAQ page. Almost all projects on DaoMaker gave an opportunity to earn, that’s why the minimum fee is so high here. 

In a bear market, when the cryptocurrency is constantly falling, the profitability of IDO decreases. This can be a good opportunity to accumulate tokens of launchpads. The market is cyclical, probably a new cryptocurrency hype will renew faith in IDO, which could bring back high profitability to token sales again.