Launchpads Give Crypto Investors a Bear Market Boost

The crypto market might have crashed, but no one seems to have told the growing subset of investors that is eager to get in on the most exciting, up-and-coming projects. After all, it’s the early bird who catches the worm, explaining why smart investors are looking to crypto launchpads to find promising projects before they become more widely known. 

Launchpads have hit a purple patch lately, and almost every big crypto project offers a platform that provides their communities with early access to new projects. The interest in launchpads is not a surprise because the bigger projects can benefit by encouraging developers to build new applications on their blockchain, boosting their adoption in the process. 

This is why launchpads have become so popular, even as the crypto market continues on its downward spiral. Almost every week, some of the biggest and best-known launchpads in the business pitch new projects in areas such as DeFi, GameFi and the metaverse, and enthusiastic investors rapidly embrace them. 

There are good reasons for people to take part in launchpads. As opposed to the dodgy days of “initial coin offerings”, where investors were forced to do their own research to understand the value of the project, launchpads do much of the vetting beforehand. Before a project is listed on UpLift DAO, for example, its founders, use case and technology will be heavily scrutinized to ensure that it is indeed a viable solution. This is important because one of the biggest risks for early crypto backers is the danger of a so-called “rugpull”, where the masterminds of a project simply grab the cash and disappear over the horizon. 

UpLift is increasing access to early investment opportunities. Some of the better-known launchpads today may come across as being somewhat eclusive. For instance, on Polkastarter, investors are required to stake a not inconsiderable amount of the platform’s native tokens. It requires a minimum stake of 3,000 $POLS (around $1,500) just to get started. Then, investors require further capital to acquire the tokens they’re interested in. 

This is why UpLift is such a breath of fresh air, especially at a time when many investors have less capital to throw around. In addition, upLift sets itself apart from other launchpads as it only requires a small stake of just 100 $LIFT tokens, or around $10 at the current rate. So not only are its projects more accessible, but investors can put more of their cash into them as they’re not required to tie up large amounts of their capital. 

This recipe has allowed UpLift to fuel some impressive fund raises since launching late last year. Its most successful projects include NFT4Play, which raised 200,000 $BUSD, REV3AL, which secured 186,978 $BUSD, and Wizardia, which bagged 98,360 $BUSD from the UpLift community.

There are other reasons to consider UpLift too. As the name suggests, UpLiftDAO is a decentralized autonomous organization governed by its community, so members are free to propose new projects they feel might be worthy of its launchpad. Not so with some of the better-known launchpads, where a small clique of fat-wallet token holders takes those kinds of decisions. UpLift also encourages growth through its unique referral program that pays out rewards in $LIFT tokens every time a user refers someone new who later takes part in one of its launches. 

Additionally, many investors feel that UpLift’s projects are safe bets because of the ongoing support it provides to those it features. Besides just marketing the projects, it also provides access to its network of developers and influencers. These people are investors themselves and therefore have every reason to want to help new projects grow. This kind of network effect can have a very positive impact and improve a project’s chances of succeeding – and rewarding their earliest investors. 

The success of UpLift DAO is no surprise, as it is one of many successful crypto launchpads that has gone from strength-to-strength this year. By providing benefits around safety and accessibility for investors, plus lots of support around project development, UpLift helps build communities of loyal followers with a vested interest in their success. In addition, when most established tokens are in freefall, UpLift is helping smart investors navigate the storm by identifying projects with real value at a time when the barrier to entry is low.