crazy how every project suddenly become launchpad platform nowadays. even those superhyped metaverse projects have their own token use case as launchpad that will ‘incubate’ other metaverse projects. Who would have thought that metaverse tokens would be used as launchpad tokens but here we are, everybody is doing the same thing ‘Buy my metaverse token so you can get into the next metaverse token’s IDO’ lmao, this is hillarious.
For those who dont know what i am talking about, check faraland/farastarter, bloktopia/blokpad, metawars and its planet staking IDO, and so many others
They’re pretty much all gonna fail.
Reminds me of these posts on crypto moonshots ‘x1000 gem INU metaverse NFT’ literally listing all buzzwords possible
exactly. i avoid launchpads, they are ridiculous
I feel this way about Pulsepad.. and hex.com.
I hate IDOs too but it you are a project that wants to sale out, say 10%, of your token to raise money and there are more people interested in it than you can sell to, then how do you do that?
Whenever there is more demand than supply , you have to implement a system to weed out some of the demand in order to make things easier. You can do lotteries, or first cum first serve, or proportional distribution etc. But in all these cases you need to ensure that potential investor will buy the stake issued to them?
How do you do that? In normal IPOs you submit that amount upfront and get it back if you don’t get stock issued (atleast in my country). In IDOs you’d have to stake something. And if you are going to ask a user to stake a coin then why won’t you want that to be your own coin.
You make your token usable, you get ppl to stake large sums and hence make sure that price increases with time.
It all looks shit to avg investors like us but frankly, it’s quite necessary, as there isn’t a better way to do this.
Launchpads are great, if you enjoy holding a gigableeding shitcoin til you are thoroughly rekt af, in return for a 10$ allocation of another shitcoin that might 10x at best, oh yeah and tier 3 costs a few grand😂
They’re pretty much all gonna fail.
Reminds me of these posts on crypto moonshots ‘x1000 gem INU metaverse NFT’ literally listing all buzzwords possible
exactly. i avoid launchpads, they are ridiculous
I feel this way about Pulsepad.. and hex.com.
I hate IDOs too but it you are a project that wants to sale out, say 10%, of your token to raise money and there are more people interested in it than you can sell to, then how do you do that?
Whenever there is more demand than supply , you have to implement a system to weed out some of the demand in order to make things easier. You can do lotteries, or first cum first serve, or proportional distribution etc. But in all these cases you need to ensure that potential investor will buy the stake issued to them?
How do you do that? In normal IPOs you submit that amount upfront and get it back if you don’t get stock issued (atleast in my country). In IDOs you’d have to stake something. And if you are going to ask a user to stake a coin then why won’t you want that to be your own coin.
You make your token usable, you get ppl to stake large sums and hence make sure that price increases with time.
It all looks shit to avg investors like us but frankly, it’s quite necessary, as there isn’t a better way to do this.
Launchpads are great, if you enjoy holding a gigableeding shitcoin til you are thoroughly rekt af, in return for a 10$ allocation of another shitcoin that might 10x at best, oh yeah and tier 3 costs a few grand😂
They’re pretty much all gonna fail.
Reminds me of these posts on crypto moonshots ‘x1000 gem INU metaverse NFT’ literally listing all buzzwords possible
exactly. i avoid launchpads, they are ridiculous
I feel this way about Pulsepad.. and hex.com.
I hate IDOs too but it you are a project that wants to sale out, say 10%, of your token to raise money and there are more people interested in it than you can sell to, then how do you do that?
Whenever there is more demand than supply , you have to implement a system to weed out some of the demand in order to make things easier. You can do lotteries, or first cum first serve, or proportional distribution etc. But in all these cases you need to ensure that potential investor will buy the stake issued to them?
How do you do that? In normal IPOs you submit that amount upfront and get it back if you don’t get stock issued (atleast in my country). In IDOs you’d have to stake something. And if you are going to ask a user to stake a coin then why won’t you want that to be your own coin.
You make your token usable, you get ppl to stake large sums and hence make sure that price increases with time.
It all looks shit to avg investors like us but frankly, it’s quite necessary, as there isn’t a better way to do this.
Launchpads are great, if you enjoy holding a gigableeding shitcoin til you are thoroughly rekt af, in return for a 10$ allocation of another shitcoin that might 10x at best, oh yeah and tier 3 costs a few grand😂