Connect with us

Crypto Exchange

The Top 5 Best Launchpads in the Crypto Industry

Published

on

In the crypto space, whoever gets in early wins big. In order to help potential investors keep an eye on promising crypto investments, some crypto aggregators list projects when they garner a significant amount of traction. It is difficult to identify projects when they are still at the early stage and missing out on some of these projects could mean missing out on huge potential returns.

Certain crypto platforms help investors discover early-stage crypto projects before they enter into the mainstream. These crypto platforms are known as crypto launchpads. You can see these launchpads as Angelist crypto. In recent months, the crypto launchpads have been gaining much publicity. You can use them to identify early-stage promising crypto projects and participate in their presale rounds. They are also designed with certain vetting processes to help filter out scams and rug-pulls. Here are the 5 best launchpads in the crypto space:

Top 5 Crypto Launchpads

1.  The Qube Launchpad

The Qube LaunchPad is a fundraising platform designed for decentralized applications (dApps). Users can utilize its internal features to conduct initial DEX offerings (IDO) for their projects. Crypto enthusiasts and investors can also find promising investment projects and be part of the early birds in such projects. The shortage of quality crypto launchpads has made it very difficult for early investors to get in whitelists. In its bid to solve this problem, the Qube launchpad offers simplified entry and fair selection solutions. The team also plans to deploy on several blockchains Ethereum, Binance Smart Chain (BSC), Polygon, Avalanche and others.

Advertisement

They are also planning to have their token sale, with guaranteed allocation as a bonus in those projects that will be on the launchpad.

2.    The Red Kite Launchpad

The Red Kite launchpad is a highly promising entrant to the crypto launchpad space. They launch handpicked crypto-based projects and enable investors to participate in the transparent and guaranteed token sale process. One of the major reasons why promising crypto projects fail to raise enough capital or funding is due to poor marketing & fear of scams by investors. Its partnership with influencers and other marketing partners aims to help projects get to the right investor. On the part of the investors, the Red Kite launchpad is handpicked, and all projects go through a rigorous vetting process to eliminate scams.

3.    TrustSwap Launchpad

With its solutions to the issues of subscriptions, split payments, and cross-chain token swaps, TrustSwap is lauded as a disruptor of the DeFi space. The TrustSwap launchpad is a full-service launchpad designed for promising and emerging crypto projects in the crypto space. The team has created a committed community within its ecosystem. TrustSwap launchpad allows potential investors to stake a minimum of 4,000 SWAP tokens in order to have early access to the whitelist of these promising crypto projects. SWAP is the native token that powers the TrustSwap ecosystem. With its SmartLaunch toolkit, the platform plans to prevent immediate sell-offs and rug-pulls once the token is launched.

Advertisement

4.    Polkastarter Launchpad

Polkastarter is a relatively new decentralized exchange that is built on the Polkadot blockchain protocol for token pools and auctions. The Polkastarter launchpad is a decentralized crowd-funding launchpad to help early-stage crypto projects to raise funds, build a strong community of users, and increase their outreach. It is designed with multiple familiar auction systems like sealed-bid auctions, dutch auctions, as well as dynamic and fixed ratio swaps.

Other launchpad features include a password-protected private pool, whitelisting, smart contract token swaps, and price notifications. All these features combine to make the Polkastarter launchpad stand out as a unique project.

5.    Unicrypt Launchpad

Unicrypt is a budding blockchain-based platform aiming to create the best environment for liquidity providers. The team is currently working on launching their launchpad that would help upcoming crypto projects raise capital and aid investors in identifying great projects that is yet to go mainstream. Before any project can list on the Unicript launchpad, the project will first launch its token and set a soft and hard cap.

Advertisement

The first round of the presale will be exclusively available for the Uniscript native token (UNCX/UNCK) holders. On the other hand, the second round will be all-inclusive for anyone and everyone. However, the team behind the project can specify a whitelisted address list.

News Source

Advertisement

Binance

Binance proposes a real-time token burning mechanism to boost BNB value

Published

on

  • Binance has proposed the BEP-95 aimed to burn a percentage of transaction fees as a deflationary measure.
  • BEP-95 will occur alongside the quarterly token burn and well after the 100 million token supply is achieved.

Binance Smart Chain (BSC) is taking further steps to incorporate an additional deflationary mechanism to increase token valuation. As announced today, Binance (BNB) is introducing a new Binance Evolution Protocol (BEP) known as BEP-95. The BEP stands out from the network’s occasional token burns since it introduced a real-time burning mechanism.

According to Binance, a fixed portion of gas fees collected by validators in each block will be sent to the burn address. The ratio initially set at 10 percent, is adjustable according to changes proposed by the Binance community. BSC validators get to vote on community proposals, where voting power is based on staked BNB.

For a proposal to be reviewed by the validators, it has to receive a minimum deposit of 2,000 BNB (mainnet). All BNB is returned to holders after the finalization of the voting process. A proposal that wins is that which gathers 50 percent of the total voting power on the mainnet. Binance notes that voted-upon parameters are implemented immediately.

Details of Binance BEP-95 token burning mechanism

BEP-95 became relevant as it speeds up the BNB token burn, and makes the network increasingly decentralized. The BNB supply cap is about 168 million tokens and Binance intends to burn until 100 million tokens remain in circulation. This will take about 5-8 years to complete, according to Binance. The network’s most recent quarterly burn wiped out over 1 million tokens, worth about $639 million, from circulation.

Advertisement

However, the latest update from its blog now says the BEP-95 burn “will continue functioning” even after the above target is attained. With the burn, Binance expects the intrinsic value of the BNB token to increase in tandem with demand. The network notes that validators and delegators may receive fewer tokens from staking, but the “fiat-denominated value of their rewards may increase.” Moreover, BNB has multiple use cases that benefit all holders of the token.

Currently, BEP-95 is in the draft stage and the network is yet to give a specific date for its implementation.

Several blockchains use the crypto-burning mechanism to create token scarcity and a subsequent increase in token value. Ethereum, for instance, uses the EIP-1559 for this purpose. 

Advertisement

BNB price action

BNB, the fourth-largest cryptocurrency by market cap, was trading at $494 at press time, according to our data. The token has gained 0.8 percent in the day, and 4.8 percent week-over-week. Similar to other digital assets, BNB has rallied fueled by the Bitcoin-led gains. Crypto investor and YouTuber Lark Davis expects “good things” for the BNB price following its launch of a $1B growth fund.

News Source

Advertisement
Continue Reading

Crypto Exchange

Google warns crypto investors of Youtube scams amidst high hacking

Published

on

  • Google warn crypto investors to be weary of Youtbe scams.
  • Google says hackers impersonate crypto influencers to run scams on YouTube.
  • YouTube, a hotbed for crypto scams.

Google’s Threat Analysis Group has warned crypto investors to beware of cryptocurrency scams on Youtube as phishing and impersonation on the video-sharing platform surges.

The Google group noted that a group of hackers is taking over Youtube, rebranding popular Youtube channels of well-known crypto or tech companies. “The channel name, profile picture, and content are all replaced with cryptocurrency branding to impersonate large tech or cryptocurrency exchange firms,” the group said, adding that hackers would live stream videos promising crypto giveaways in exchange for “initial contributions.”

According to the Google group, if these hackers don’t rebrand, they sell pages to the highest bidder depending on how many subscribers the channel has. They note that fake Youtube pages sell anywhere from $3 to $4,000.

The Google group notes that a group of hackers recruited in a Russian-speaking forum are actors behind the campaign.

Advertisement

Crypto investors should be warned as YouTube remains a hotbed for crypto scams

The video-sharing platform so many times has been used as a tool to dupe unsuspecting crypto investors. In December, American crypto exchange Gemini exposed two fake YouTube channels that were pretending to be from the exchange.

“These scam accounts are not our company. We have reported these accounts to YouTube,” Gemini tweeted.

Funny enough, it was not the first time Gemini was being impersonated on Youtube.

Advertisement

Crypto scams have been well perpetrated on the platform that the video giants ban crypto content on its platform. Authorities in the UK also warned young crypto investors with campaigns on Youtube and TikTok against being victims of crypto scams.

The cycle of crypto scams across all platforms is one that may never end. As much as crypto exists, crypto scams would remain a thing. The rise in crypto scams recently has been attributed to the surge in price and adoption of cryptos globally. It is safe to say that with crypto prices going up and more people, corporate organizations adopting cryptos, more scammers will be threatening the burgeoning space.

News Source

Advertisement
Continue Reading

Binance

Binance’s Trading Volume Hits $100 Billion in Just One Day

Published

on

Binance continues to see unprecedent trading activity while attempting to sail through regulatory hurdles

Binance’s daily volume hit an eye-popping $100 billion on Oct. 20, according to a tweet by CEO Changpeng Zhao.

Advertisement

The leading crypto exchange recorded this crucial milestone on the day Bitcoin, the largest cryptocurrency, reached a new all-time high of $67,276.

Despite introducing stricter measures for users due to severe regulatory scrutiny, Binance enjoys a comfortable lead over other crypto exchanges in both spot and derivatives trading, according to data provided by CoinMarketCap.

Eerier this month, the trading platform also announced a $1 billion ecosystem fund.         

Meanwhile, the decentralized finance sector is catching up with centralized behemoths. The total value locked in DeFi protocols has hit $100 billion for the first time.

Advertisement

News Source

Continue Reading