Cryptocurrency is invading the world every day. The decentralized nature of blockchain is bringing in people without any financial or technical background towards this industry. Businesses are moving towards blockchain. IDO Launchpad like BSCPad clone development
on BSC (Binance Smart Contract) is one good opportunity for the young entrepreneurs out there to pioneer in this industry.
Right from Healthline, every industry is moving towards blockchain. They need funds to develop their project. That is where they prefer IDO launchpads to reach the target audience. If you are looking for an opportunity to get into this industry, here is
a guide on how you should move towards your goal.
What is an IDO Launchpad?
Initial DEX Offering is a fundraising model that is used by crypto businesses and startups for project development. The startups launch a token or a coin that can be bought by the investors using either cryptocurrency or fiat currency. The funds raised from
these token sales are used by the project holders for the project development process.
These IDOs are launched in a decentralized platform called the IDO launchpad. They list down the potential IDO projects to the investors after proper verification. This helps the projects to get early investments.
Why Binance Smart Chain?
You might have a question what is the need for developing an IDO launchpad in BSC? There are indeed other blockchain networks. But, Binance Smart Chain, which is running along with the Binance chain is a reliable network and imposes a minimal gas fee.
In addition to that, the Binance Smart Chain is notable for its high transaction fees and efficient consensus mechanism. It is a reliable chain with Proof of stake to validate the transactions. Not to mention the EVM support of the BSC that it can host all
the Etherum based projects. EVM stands for Ethereum Virtual Machine, which helps in supporting projects on Ethereum blockchain to be listed on the Binance Smart chain.
BSC Pad Clone and It’s Working
BSC Pad is the first-ever IDO launchpad built on the Binance Smart Chain or BSC. It is a platform for crypto projects to raise funds through tokens, which in turn increases the liquidity of the token.
In general the IDO launchpads in the market offers tokens to the investors on a First come first serve basis. This method just makes it easy for the projects to get the funds they require. There is a chance of allowing bots to fill in the slots even before
a human. It is to be noted that all investors willing to invest must get a fair chance to participate in the Initial DEX Offering they are interested in.
That is where IDO launchpad like BSCPad clone helps in achieving fairness. This IDO launchpad is not based on luck or lotteries. Again there is no place for the bots to fill the slots, everyone gets to play equally.
The BSC Pad clone works based on two rounds.
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Round 1 is the allocation round, where investors are categorized into 5 to 6 groups based on the token staking requirement.
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In this round, the investors will be able to buy the required tokens they want depending on their categorized group or tier.
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The round will last for at least 20 hours for the investors to buy their token
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At the end of this round, most of the IDO launchpads burn unsold tokens. That is, the tokens that were not sold in the IDOs are destroyed in the blockchain itself.
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But in BSC Pad Clone, the unsold tokens are taken to the second round.
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Investors will be allocated a certain amount of tokens based on their tier.
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After allocation, every investor will be able to buy additional tokens based on the tier level.
What are the Features to be Included in the BSCPad Clone?
Now that you know how a fair IDO launchpad works, it is time to have a knowledge of some major features of an IDO launchpad. There are many mandatory security features that are a must-have in a launchpad. Apart from those, some important features are
- Multi-Chain Compatibility
The launchpad must operate on multiple blockchain networks not just the Binance Smart chain. The interoperability of the launch pad is the key feature that makes it efficient to launch projects on other prominent blockchains.
Blockchain is a decentralized technology that eliminates the need for an intermediary. The projects are listed on the platform after security checks and not through permissions. It is important to follow the protocols of the platform to enter the listings.
Multiple wallet integration eases the transactions of investors in staking and trading the IDO tokens.
One of the important jobs of an IDO launchpad like a BSCPad is managing the liquidity of the IDO tokens. Admins can manage the liquidity of multiple tokens in the liquidity pool.
The projects are listed on the platform only after their verification. The projects should have a series of verifications to verify their origin, legitimacy, and authenticity.
What To Expect To Form A Developer?
There are two methods by which you can develop an BSCPad clone launchpad. One by developing from scratch. It is a time-consuming process that requires a lot of resources. The second is BSCPad clone development which is an affordable solution for startups.
The developer should be able to give
Wrap Up
A BSC IDO launchpad offers additional benefits and draws a larger audience of crypto beginners. This is because of its easy-to-use interface and features. BSC pad Clone tries to fix the shortcomings in other IDO platforms and give the potential investors
a little more opportunities to earn tokens. This is the right time to get into the world of blockchain as it has just started to boom at a rapid pace. You can get in touch with a leading developer to know more about BSCPad clone development.