These Crypto Launchpad Projects That Should Be On Your Watchlist
More and more crypto projects, after achieving an established status in the crypto space, are starting to offer launch pad services to allow other smaller projects to reach the market.
This service does not come out of sheer goodness of heart, as these projects often have to pay these launch pads to access their services. Also, offering launchpad services may seem beneficial for large projects as it drives smaller projects to deploy on their blockchain, increasing their network traffic and further establishing their status in the field.
This article will introduce two flagship projects that have recently started offering such dashboard services, and another newer one that you probably won’t know about and is worth keeping an eye on!
Binance (BNB), a top-notch cryptocurrency
Binance (BNB) is one of the most popular cryptocurrency exchanges in the world, along with Coinbase, Kraken, and FTX.
Its native currency, BNB, has soared over 1,300% in 2021, surpassing even market leaders such as Bitcoin (BTC) and Ethereum (ETH), and offering early investors significant returns.
With the latest market decline, BNB’s market cap has fallen to just above $50 billion, but remains the 4th largest cryptocurrency by market cap after Bitcoin, Ethereum, and Tether (USDT), which says long on the solidity of this project.
Binance has developed two proprietary blockchains, Binance Chain and Binance Smart Chain, the latter being EVM (Ethereum Virtual Machine) compatible and capable of processing over 150 transactions per second (TPS), a significant improvement over Ethereum’s 15 TPS.
On top of that, Binance is currently one of, if not the most comprehensive, ecosystems in the crypto world today. Indeed, Binance has also developed a launch pad to help emerging projects complete initial coin offerings (IDOs), initial DEX offerings (IDOs), or other staking strategies. market.
Buying BNB is the best and most direct way to get exposure to this fantastic project which has been growing at a blistering pace since last year. Additionally, the Binance team uses a fifth of its earnings each quarter to buy BNB coins from the market and burn them.
This mechanism reduces the number of BNB coins in circulation and makes each BNB coin more valuable over time, making it a major asset in countering current historic inflation.
Klaytn (KLAY), the GameFi one-stop shop
Klaytn (KLAY) is a South Korean open-source blockchain platform launched in 2019 that focuses on game funding (GameFi) and metaverse projects.
Klaytn is one of the first projects to offer an end-to-end metaverse and game development package to game studios, allowing them to easily develop blockchain-based games by having access to all the necessary tools and software in one place.
This all-in-one package developed by Klaytn includes software development kits (SDKs), digital smart contract libraries, integrated crypto wallets, data tracking oracles, layer 2 solutions, blockchain bridges, etc. among the most notable tools.
With this product, Klaytn currently offers one of the most complete and comprehensive blockchain-based game development kits on the market, allowing emerging game projects to get started easily.
After enjoying huge success in South Korea and East Asia as a whole, Klaytn is now aiming to expand into Europe and the United States, where there remains strong demand for blockchain-based games. and metaverse initiatives.
Klaytn’s native currency, KLAY, has quietly but firmly settled into the top 50 largest cryptocurrencies and is now trading around $0.47 at press time. Keep an eye out for developments on this project in the months to come!
BoostX, a promising launch pad in the making
BoostX is a recently launched platform that has quietly made its way into the crypto world over the past few months.
Despite its recency, BoostX has already partnered with a number of emerging projects that are currently conducting their IDO. Notably, BoostX is currently supporting emerging projects such as Seesaw Protocol (SSW), Firepin (FRPN), Explora Chain (EXPL), Quitriam Finance (QTM) and others through their go-to-market process.
BoostX displays a complete offer, allowing launches on several leading blockchains, including Ethereum, BNB Chain, Solana (SOL), Polygon (MATIC) or Terra (LUNA).
Unlike Binance or Klaytn, BoostX focuses exclusively on dashboard services, at least for now. This choice was strategic, because it allows the BoostX team to focus on its core business and avoid focusing on other less relevant services, especially since the project is young.
However, this lack of diversification could make BoostX overly dependent on its launch pad offering, which could become risky during volatile times like the ones we are experiencing now. Surely, BoostX could benefit from diversifying its offer in the future in order to remain competitive given the fierce competition existing in the crypto world.
Due to its focus on dashboard services, BoostX has not issued a native token at this time, unlike Binance and Klaytn. Still, it’s a development that can be expected in the future, and it’s fair to assume that the BoostX team is probably already considering such an idea.