IDO Launchpads Are The Next Big Thing For Retail Investors in Crypto
The cryptocurrency world has seen a shift in the investment of assets, following the explosive growth of the market - to a $3 trillion industry. Since the initial coin offerings (ICOs) in 2017, the market has chosen new winning strategies - decentralized finance, or DeFi, rocked the industry in 2019 and 2020; the non-fungible tokens (NFTs) hit the stride in 2021 alongside the gaming finance (GameFi) and meme token market - making early believers millionaires in the process.
As we head into 2022, investors are looking for the next big thing in crypto and it seems the market has pointed out the initial DEX offering (IDO) as the preferred candidate to lead the next bull run in crypto. IDOs are an iteration of the ICOs offered in 2017, but they are offered to early investors on a decentralized exchange instead of a website or a centralized exchange (IEO). They are a new fundraising method used by decentralized projects to raise money in the crypto space.
This presents a radical shift from how private and public crowd sales are completed to provide greater liquidity while maintaining anonymity, fairness, and transparent sales. Unlike the precursor ICOs, initial DEX offerings allow anyone across the globe to participate in the public sale by simply connecting their wallet to the DEX offering the sale.
While the pioneering IDOs first launched in 2019, the market has evolved and better projects have been launched to ensure a fast, smooth, and trustless launchpad for decentralized projects. For example, SkyLaunch, one of the leading IDO launchpads, offers the only multi-chain IDO platform “providing tools and support throughout the entire project timeline”, its website reads.
Launched in 2021, SkyLaunch also offers projects an accelerator program that leads the team in its pre-IDO phase, combined with an independent industry-leading governance council, as well as a post-IDO alliance support network to nurture and grow new blockchain projects. With the ICO boom stopped due to the exploding number of scams, SkyLaunch ensures every project passes a dual-layer institutional due diligence process before gaining access to its services.
Notably, the IDO launchpad has a native token, Skyfi token, which offers holders governance and staking opportunities, exclusive discounts to IDO token launches, and other utilities.
With many experts predicting a possible bull run in 2022, the IDO Launchpad space will be a crucial sector to watch in the crypto space. With the Decentralized exchange market currently standing at $33 billion, the sector still has a lot to grow - IDOs leading the charge.
Ultimately, to select a winner to invest in, it is important to look at the utilities and advantages the IDO Launchpad offers. Additionally, you should also focus on the role that you play as an investor in the IDO, the ease of use of the platform, and a low barrier of entry.
Finally, the number of circulating tokens is also a big factor in deciding the future value of a project. With only 100 million $SKYFI tokens on the market and a starting supply of 4.3 million $SKYFI, the demand could be a factor that could play to its benefit.