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Launchpads

Crypto projects are increasingly opting for a launchpad to raise capital. This way of investing is safer for investors than the ICOs from 2017. Besides the trust, the token sale via a launchpad is useful to build a community. In addition, it occasionally happens that these communities come into contact with each other, creating a network.

Crypto projects create a token that becomes part of their platform, the same token is released through a presale, both for early investors and for investors in the public market. The more the project grows, the higher the price of a token becomes. As a result, investors earn money, but people who invested before the launch on the public market earn even more money.

A launchpad also has many advantages for developers of a project. The project becomes instantly credible without using marketing or a working product, because the launchpad provider trusts the project. This certainly has added value for investors who are familiar with the reliability of launchpads.

By giving access to a large group of people at an early stage, the investment process is democratized. Together with the reliability of a launchpad, this often results in a quick presale of the tokens.

The token sale of some projects sometimes resembles a concert of a popular artist, sometimes all tokens of a project are sold out within seconds or minutes. Many interested parties are left empty-handed, which is a sign that the market has room to grow.

Why launchpads are interesting for investors #

By investing in a company/project early, investors run a lot of risk. However, high risks also bring high rewards. Therefore, early investing in new tokens of a new project can be interesting.

September saw the release of VelasPad (VLXPAD) and ADAPad (ADAPAD), both of which were worth 100 times the presale price in one day. However, these huge price increases are not obvious, as there are also a lot of tokens that fall in value or that have smaller win percentages.

Having a lot of tokens from a launchpad will give you a certain rank. This rank will give you more lottery tickets for future projects. Due to the high demand for tokens from new projects, investors are chosen by means of a draw. By having a lot of tickets, the chance that you can participate in the future presale of projects increases, but there are also launchpads that guarantee you a place if you have enough tokens.

Because a large number of tokens is required to be eligible for future token issues, the price may not immediately drop significantly. In addition to the reliability of the launchpad itself, the usability of certain tokens gives additional confidence.

In addition, it is possible to generate passive income on certain launchpads. Often, users get benefits by staking tokens from the launchpad. In addition to a reward for staking, strikers can also get airdrops from other projects.

Updated on May 17, 2022

Our mission here at RugDoc is to screen for hard rug code that results in 100% theft of ALL underlying funds for ALL participants.

This is the ONE part of the due diligence process that most people cannot simply do on their own as it costs thousands of dollars to hire a senior solidity developer to look over a farm for safety.

A project coin with terrible code can go up in price, and a project with good code and a good team can also go down in price.

Do NOT use our ratings to refer to your likelihood in making money if you invest in the project. They are ONLY in reference to code safety.

Everything else beyond code safety is YOUR responsibility to go do research on. We just make sure the casino you’re betting in won’t rob you before you even get to place a bet.

Our reviews for projects are organized into a few colors.

🟢 Least Risk
These projects are the least likely to hard or soft rug. Usually reserved for cornerstone projects of an ecosystem where it makes no financial sense for them to rug in any manner as they make more money just being legit.

🔵 Low Risk
These projects are usually established projects in an ecosystem that have a track record of success or have KYC’d to us or other authoritative sources in the real world. As a result, it is extremely unlikely for them to soft rug or hard rug their projects. The projects can still fail and the token price can go down, but usually more as a result of natural market forces.

⚪️ Some Risk
This is the default rating for projects with unknown teams but have code that is unlikely to have hard rug risk. Since the team is unknown and doesn’t have a track record of success, it’s entirely possible that they may try to soft rug by dumping tokens, abandoning the project, etc. Even a last minute contract swap to a malicious contract is possible. The only thing that is unlikely is a complete hard rug as long as you are 100% sure you deposit into the contract we review.

🟠 Medium Risk
Similar to Some Risk, but the underlying code itself is custom enough or complex enough that it warrants an elevated risk rating that needs deeper research. Make sure you read every point presented to make sure you’re comfortable with that before entering. Still unlikely to hard rug, but more chances of custom code behaving incorrectly and causing other issues.

🔴 High Risk
Project contains code or practices that are HIGHLY LIKELY to lead to catastrophic losses as they are right now. Make sure you read the description carefully as we will always warn what these issues are. If you see the words Hard Rug anywhere in the review, STAY FAR AWAY!

⚫️ Not Eligible
We reserve the right to not review exceedingly complex projects that would require tens of thousands of dollars of senior security analyst man hours. Typically these are projects that deal with leverage, lending, options, derivatives, and anything that is overly complex and which requires tons of peer reviews and audits from top audit companies.

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🟢 For owners who have made impactful changes and would like an update to their farm review:

1️⃣ Use #update at @RugDocChat with your description and proof of changes and it will be forwarded to our scanners.

2️⃣ This does not guarantee a change in your review.

3️⃣ Owners who have difficulty solving the issues can consider our Consultation Package - please contact @BaymaxCrypto on Telegram to discuss.