Why do business people create an IDO launchpad on Solana?
The crypto industry has been enjoying a surge in recent years. The cryptocurrency market has risen to a whopping trillion dollars, with almost 106 million users worldwide. This roaring success of cryptos has intrigued many entrepreneurs to develop their own crypto projects. But, some crypto projects may lack the capital for them to be kickstarted. This is where IDO launchpads come into play. With a number of people considering investing in early stage tokens as passive income, IDO launchpads offer a win-win situation for investors and IDO project owners. Therefore, IDO launchpads have exceptional success in the crypto world. Especially, IDO launchpads built on Solana have enjoyed immense success over the years. Let’s dig a bit deeper into Why IDO launchpads built on Solana can be a profitable investment for entrepreneurs.
IDO Launchpads
IDO, also known as Initial Dex Offering, is a fundraising mechanism that allows entrepreneurs to raise funds for their crypto projects by offering early tokens. The main advantage of IDOs is that project owners need not provide any share or equity for the investors, and investors can benefit from the value of the tokens they’ve invested in. IDO launchpads are the platforms on which these IDO projects get listed. Investors can invest in an IDO project by going through the details of the project by reading the whitepaper and analyzing the tokenomics.
Why IDO launchpad on Solana?
Solana is one of the fastest blockchains available in the digital space. The Solana network enables high-speed processing with exceptional scaling. Therefore, IDO launchpads developed on the Solana blockchain can be perfect for high-volume investors and entrants. Here are some points why you choose Solana for your IDO launchpad development:
- Solana offers high scalability and transaction speeds compared to other blockchain networks. Solana can process nearly 5000 transactions per second.
- The transaction cost on Solana is low when compared to other blockchains, making it a perfect blockchain for IDO launchpad development.
- Solana provides interoperability which enables cross-chain compatibility.
- Solana IDO launchpads enable integration of new crypto wallets and usage of existing IDO wallets on these launchpads.
- Tokens are allocated instantly once the project opens the sale for its tokens.
- PoS(proof of stake) makes the platform user-friendly and ensures the security of the blockchain, and its PoH(Proof of History) consensus algorithm ensures that the network has high efficiency and a higher throughput rate.
How can IDO launchpads on Solana be a profitable investment?
IDO launchpads built on Solana follow strict KYC regulations, and only authentic projects get listed on the launchpad.
- With AMM (Automated market maker), the IDO launchpad on Solana executes automated liquidity.
- IDO launchpads built on Solana enable multi-level staking of tokens.
- IDO launchpads built on Solana have numerous filters, allowing users to have a personalized search. These include price filters, upcoming projects, and trending.
How to develop an IDO launchpad?
A simplified roadmap for the IDO launchpad on Solana
Whitepaper: Draft your whitepaper with all the necessary information regarding your project. The whitepaper plays a vital role during project development.
Development: The next step is to work on developing your IDO launchpad. Work on the front and back end of your platform. It is highly recommended that you hire a professional IDO launchpad development team to guide you through the process.
Create tokens: You can start with token creation after you’ve decided on their traits and value.
Testing: Run multiple tests on your platform with an efficient QA team to make sure that the platform is free of any bugs and errors.
Launch and maintain: Once you have tested your platform, you can launch the platform for use. Continuously maintain and update the platform based on user feedback.
IDO launchpad development on Solana
Solana has become one of the widely used blockchain networks since its inception. You can develop your IDO launchpad on Solana from scratch, or you can opt for a White label solution from a professional IDO development company. When you create an IDO launchpad from scratch, you can work on every nano detail of your platform, but it may take more time and money. With a Whitelabel solution, you can have a completely customizable pre-engineered and pre-tested IDO launchpad, which also takes less time and money to launch when compared to an IDO launchpad built from scratch.
To Conclude,
IDO launchpads have become the go-to choice for fundraising as they address the issues with their predecessors like ICO and IEO. Therefore, with the crypto market surging in recent years, IDO launchpad development has become the perfect option to gain ground in the crypto market if you are an entrepreneur. You can hire a professional IDO launchpad development company to guide you through the process, as IDO launchpad development can be a tedious process without professional help.
