Place/Date: - June 12th, 2022 at 8:07 am UTC · 3 min read
According to data collected from Statista, as of November 2021, there are over 7,500 cryptocurrencies on the market and while that demonstrates the ever-increasing influence of the industry, it also demonstrates the scope for cryptocurrency scams to further increase in the digital asset space.
Crypto scams in 2021 had risen by more than 30% compared to just a year prior with the FTC (Federal Trade Commission) confirming that a total of $1 billion had been stolen since the beginning of 2021.
The rise of crypto projects and in turn, crypto scams means that crypto launchpads are becoming more and more important in the space.
Crypto launchpads allow blockchain-based projects to raise capital.
With investors being able to enter early-stage sales, that means they possess the opportunity to buy a particular cryptocurrency for a bargain price before the public launch on the market.
BoostX is a launchpad with an onus of assisting crypto projects in raising funds and cultivating a loyal crypto following.
BoostX is a multi-chain launchpad and its versatility in the space makes it one of the leading launchpads in the crypto space.
One unique feature of BoostX is that its system allows any sort of investor to gain equitable access to exclusive crypto presales, and anyone who wants to invest in a highly awaited token to reach the market is welcome to join this reliable launchpad.
The BoostX community benefits greatly from the platform as the opportunity to access early-stage presale opportunities as well as allowing the up and coming projects to raise money as well as build a loyal following in the crypto community.
BoostX’s commitment to interoperability knows no bounds as the platform is able to support projects on Binance Chain (BNB), Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Terra (LUNA).
The platform also offers projects live orderbrooks and both static and dynamic pricing, giving projects the ability to customise its presale.
Huobi is a leading global cryptocurrency exchange that has a crypto launchpad called Huobi Prime.
Huobi Global launched Huobi Prime in March 2019, which is a cryptocurrency trading platform that enables its users to buy and sell tokens.
The establishment of Huobi Prime is the latest step in Huobi’s efforts to grow its brand and effectiveness in the digital asset space as well as offering more services and use cases to its community.
Huobi Prime has been involved in the launch of a few successful ICOs, including the likes of TOP Network, BitTorrent Token, and Harmony.
Not only is Ethereum (ETH) a cryptocurrency powerhouse and the second biggest crypto in the world, according to data from CoinMarketCap, but the network has now entered the launchpad space with the establishment of the Ethereum launchpad.
The launchpad is a new way for crypto projects to launch its own cryptocurrency or token as well as allowing users to create a new currency or token and sell it to the public in an ICO (initial coin offering).
The Ethereum blockchain powers the launchpad and utilises smart contracts to manage the sale of a particular token.