What is TorkPad Crypto Launchpad and how does it work?
The first to affix the flourishing forever profit the most. as a results of they're continuing the project from scratch, they have to relish the fruits of success. A crypto launch pad is that the simplest place to appear for a project. among the initial phase.
The number of cryptocurrencies continues to increase monthly. As of November 2021, Statista confirms that there are over 10,000 cryptocurrencies on the market. However, with the advent of coins, cryptocurrency scams have also risen. According to The Independent, cryptocurrency scams have increased by more than 30% in 2021 compared to the previous year. That's where a trusted cryptocurrency launchpad (like TorkPad) comes in.
What Is a Crypto Launchpad?
As the crypto industry expands massively and many projects rely on the decentralized world to raise capital for their projects, 2021 has brought us a rich number of newborn crypto launchpads.
Crypto launchpads, in addition known as crypto incubators, area unit platforms that allow blockchain-based involves elevate capital whereas giving access to early-stage token sales for his or her cluster of investors. getting access to early-stage sales suggests that a discount} price for the investors before the final public launch on the market. Also, as a results of the worth of launching in associate passing crypto launch area is low (or insignificant), additional and more comes are heading towards launchpads for fundraising.
Starting a project through a launchpad provides security to both founders and investors. For new projects, TorkPad's crypto launchpad has a strict verification methodology, and a KYC (Know Your Customer) process is sometimes performed by a third party as part of new user verification.
Furthermore, launching the project through a launchpad gives new founders access to a community of crypto investors and enthusiasts eager to learn about new projects.