These platforms allow investors to buy into new cryptocurrency projects before the tokens go public. Launchpads are usually run by a centralized or decentralized crypto exchange or other projects dedicated to this purpose.
To understand how launchpads work, you need to know how new crypto projects raise money for their product or service. In 2017 and before, most new projects directly conducted their token sales on their website and distributed the tokens to investors which bought them at a specific price. This process was called an Initial Coin Offering (ICO), and investors had to hold the token until it was listed on an exchange.
However, after 99% of ICOs turned out to be scams and the crypto market collapsed, investors no longer dared to invest in such projects. The real problem was that most new investors did not have the knowledge and experience to analyze new crypto projects, so they put their money into anything that looked flashy.
Meanwhile, including Huobi, crypto exchanges recognized the revenue opportunity and grabbed it with both hands.
To enable businesses to acquire capital, Huobi provides users unique investment opportunities (e.g., investing in digital land like Gold Fever). So, Huobi developed the Huobi Prime Launchpad.
The Huobi Launchpad is a user-friendly process to guide investment opportunities and companies to launch their token offering successfully. This service allows companies to connect their token offering to a shared listing on Huobi, giving them direct access to many Huobi users.
Register today if you want to profit from the following project launched on Huobi Primelist!
With this clear understanding, we will now present some of the best crypto projects that have already been carried out on the Huobi Launchpad. These are the last 5 Launchpads on Huobi. Crazy Potential.
Gold Fever (NGL)
Gold Fever is a challenging free-to-play role-playing game that uses blockchain's power to create a decentralized economy. This exciting and addictive online multiplayer video game mirrors the physical world into the digital world, allowing players to take actual ownership of scarce game items through Non-Fungible Tokens (NFTs).
Most items in the game will be unique NFTs, ranging from weapons, skins, vehicles, or infrastructures. Vehicle NFTs such as boats and planes can be rented to other players for a fee, while NFT infrastructures will act as actual stores.
NFT infrastructures, including merchant stores, airfields, and stables, will create professions where players can earn rewards by managing their stores and selling goods/services to other players. Unlike most play-to-earn games that require a significant initial investment to start playing, Gold Fever is free-to-play. This means that everyone gets to play while having the chance to earn $NGL without any investment.
$NGL is the currency that powers every transaction in the game and launches through the Houbi Primelist. Players are free to transfer, lend or stake their $NGL. Staking offers several benefits, including discounts on the Gold Fever Store, guild privileges, and access to exclusive events.
Immutable X (IMX)
Immutable was also part of the Huobi Primelist. The project believes that it has set a milestone with the Immutable X 2-layer protocol to build a foundational, global infrastructure for distributing and exchanging NFT assets in the Ethereum ecosystem.
Founded in 2019, the company wants to use the money to grow its engineering and sales team. They also want to expand collaborations with gaming companies and develop NFT-based games. These include the blockchain-based trading card game Gods Unchained, developed by Immutable 2019. They also plan to improve the Guild of Guardians game further.
Biconomy (BICO)
Web 3.0 is moving more and more to the spotlight of decentralized applications (DApps), and a token, BICO, is taking the space by storm. Biconomy (BICO) is the native token of the Biconomy blockchain.
The Biconomy blockchain provides DApps with plug-and-play APIs and SDKs to make the DApps helpful for everyone, including those who are not crypto savvy. The BICO token is used for governance of the biconomy multi-chain infrastructure. It keeps the network decentralized and is used as a network fee that incentivizes everyone to maintain and secure the network. In addition, the BICO token is also traded on crypto exchanges such as Huobi.
The post What Are Crypto Launchpads? appeared first on Fat Pig Bitcoin & Altcoin Signals.
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