The crypto ecosystem has constantly been growing with many projects relying on decentralized crowdfunding platforms to raise capital, as opposed to exploring centralized means as was the case in the 2016/17 period to help enable the establishment and development of the crypto ecosystem.
Crypto launchpads are platforms that enable blockchain-based enterprises to acquire funds while providing early-stage token sales to their investor group. It also serves as a link between investors and businesses, allowing startups to receive cash for project development while early investors gain access to early-stage agreements.
Investors perceive this as an excellent opportunity to profit from a future price increase by purchasing tokens at a low cost and selling them at a profit later. Because the platform’s startup costs are so low, it can attract more crypto ventures for investment.
Moon Sale
Moon Sale is a decentralized launchpad that enables cryptocurrency projects to perform fair and transparent token sales in a safe and secure environment. It is built on top of the BNB Chain (BSC) but supports multiple chains, with the aim of providing a transparent and dependable way for blockchain and crypto firms to obtain funds through Initial DEX Offerings (IDOs).
The smart contract-based mechanism used by Moon Sale ensures that all transactions on the platform are secure and tamper-proof. This reduces the need for intermediaries or third-party service providers, which can add unnecessary complexity and security risks.
Features
The security and onboarding processes at MoonSale are major feature that distinguishes it from other launchpads. All project owners at moon sale are mandated to comply with a demanding KYC procedure that is recorded in the company’s private records. This is done so as to safeguard investors and give them complete transparency,
Moonsale also has a unique token sale mechanism incorporating a “minimum commitment threshold” feature. This feature ensures that token sales only proceed if a minimum number of tokens are committed by investors. This helps to prevent situations where a project fails to raise sufficient funds to deliver on its promises.
Another important feature of the Moon Sale is its decentralized governance structure. The platform is governed by a community of token holders who have a say in the direction of the platform and the projects that are listed on it. This ensures that the platform is always accountable to its users and can evolve to meet their changing needs and priorities.
Other features include:
- Community-driven model: Moon Sale has a community-driven model that allows the community to vote on new projects that want to launch on the platform. This model ensures that only projects with a strong community and a viable business model are approved for launch.
- Liquidity Lock: Moon Sale requires all projects to lock a certain percentage of their tokens in a liquidity pool. This requirement ensures that there is sufficient liquidity for the project’s token, providing a level of stability for the token’s price.
- Token Vesting: Moon Sale requires all project team members and advisors to vest their tokens over a period of time. This requirement ensures that team members and advisors are incentivized to work towards the long-term success of the project.
How to use the MoonSale platform
- Connect your wallet: To use the MoonSale launchpad, you’ll first need to connect your cryptocurrency wallet that supports Binance Smart Chain. Some popular wallets include MetaMask, TrustWallet, and Binance Chain Wallet.
- Browse the projects: Once you’ve connected your wallet, you can browse the available projects on the MoonSale launchpad. You can review the project details, such as the tokenomics, the project’s goals, and the team behind it.
- Allocate funds: If you’re interested in a particular project, you’ll need to allocate some funds to it. This involves exchanging BNB for the project’s token. The project’s smart contract will dictate the minimum and maximum amount of tokens you can purchase.
- Participate in the sale: When the sale begins, you’ll be able to purchase the tokens for the project you’ve selected. The sale typically lasts for a set amount or until the hard cap is reached.
- Receive your tokens: Once the sale is complete, the tokens will be distributed to your wallet. You can hold on to the tokens or trade them on a cryptocurrency exchange.
How to interact with Moon sale (For project Owners)
Before listing your project on Moon Sale, you need to ensure that the project is fully developed and has a solid use case. You should also have a detailed white paper, a roadmap, and so on.
- Login to the moon sale website and click the “create your first Token” tab if you don’t have one.
- Connect your wallet. If you have the contract address(CA) ready, simply paste the CA of your token in the CA bar. Type your token name, and symbol and apply. Create your token.
- On the next page, enter all the launchpad information.
- Click the next button, in the next page, click your project log, website and all available information, including details about the project, token and utility.
- Review all data you entered after you have made sure everything is in order.
- Click the Finish button which will create your launch pad.
- Create the liquidity pool, lock a portion of it, receive a portion of the funds raised and vest the public token portion.
Crypto Launchpads have been instrumental in the growth and development of the crypto community by allowing new projects to start and acquire attention. It has also democratized cryptocurrency investment by allowing anyone to invest in new ventures.
Before now, investing in new projects was restricted to a small group of individuals who had access to early investment rounds.
Now, regardless of location or financial status, anyone can invest in new projects through Launchpads. It has promoted industry innovation and competition, resulting in the development of new technology and products.
The usage of cryptocurrencies has increased since it is easier for new projects to launch and receive attention. People may grow in cryptocurrency and the underlying technology as more people become aware of new initiatives through Launchpad.