Develop Fundraising Platform | Launchpool Development Company | Launch-pool Working Model

By Suffescom Solutions

July 14, 2022

What do you know about Launchpool and its working?

It has been observed that investing in blockchain projects is quite complicated as different stakeholders are not aligned. Launchpool thinks that investing in cryptocurrencies should be equitable, with each project stakeholder group having equal importance. Launchpool makes the most of its individual abilities and aligns their incentives.

Launchpool, which has been developed by Alphabit, FBG, Protocol Ventures, Jun Capital, GBIC, Alpha Sigma Capital, Master Ventures, and A195, uses communities, knowledge, expertise, contacts, and capital to give cryptocurrency projects the best possible start and increase their chances of success in this quickly changing and dynamic market.

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Launchpool Development Company

What do you know about Launchpool and its working?

Launchpool is a kind of fundraising platform that allows investors to invest with their crypto holdings into a pool.

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If you are looking forward to developing the launchpool platform, then contact Suffescom- an eminent IEO Development company. Our experts will look after your project needs carefully and build a robust resolution for you.

This article will provide a detailed view of launchpool. Stay tuned!

What is Launchpool (LPOOL)?

Launchpool is a kind of fundraising platform that allows investors to invest with their crypto holdings into a pool. This will assist startups in their early stage of development and investors earn interest on their cryptos.

Launchpool brings together varied stakeholders of the crypto community including funds, community, marketers, and experts. And, a surprising fact is that they all get incentives. Startups can leverage the funds and knowledge to intensify the growth of your progress. Launchpool does this in a seamless process making everything clear to all involved.

Ideally, it is a platform where new tokens are farmed by depositing crypto assets. By the end of the process, all the staked amount is returned to users along with their earnings. In addition to this, funds can be un-staked any time users desire.

Let’s get deep in sight of Launchpool (LPOOL)

Launchpool in detail

LPOOL holders stake $LPOOL to access a related portion of the deal on offer. $LPOOL holders are a community of investors, growth hackers, influencers, experts, customers, traders, and knowledgeable industry participants who combine to form an incentivized community around the project they have invested in.

$LPOOL will be available as a free reward for staking various tokens on the Launchpool platform during the $LPOOL token distribution phase.

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What is Launchpool staking?

It is about delivering funds into a liquidity pool by utilizing crypto assets. This is a great way to generate attractive returns on investments in the form of new tokens. Generating returns in token forms is defined as DeFi yield farming.  

Working of Launchpool in simple terms

Many investors often arise the question that “How does launchpool staking work?”

To answer this query, we have simile the answer in a few lines which will be easy to understand.

It's actually quite easy. A liquidity pool is a collection of funds to which investors contribute. They receive interest on their deposits in exchange. Based on an annual percentage yield (APY), this interest is determined. Consequently, the act of adding tokens to a launchpool is also known as "yield farming." APY is a method of calculating interest that makes use of the power of compounding. Contrary to simple interest, compound interest is calculated on a regular basis and added to the account balance. As a result, the balance increases somewhat each period while the interest earned also increases. It's similar to farming to maximize return on investment.

Advantages of Launchpools

Launchpools are practical and secure. The majority of the time, they are planned by centralized exchanges that carefully review the proposal before establishing the launchpool. The likelihood of rug pulls and other scams is greatly decreased as a result.

Launchpools are also convenient since they provide all the advantages of staking without any of the drawbacks. There is no minimum deposit requirement and you can bet as low as 0.1 of any coin. For instance, you may stake 0.1 BNB on Binance to begin. In addition to this, there are no upper limitations and you are free to stake an unlimited number of tokens.

Staking, on the other hand, requires some amount of investment. For instance, in order to stake ETH, you need to have at least 32 ETH, which is typically a sizable amount. However, with launchpools, investors do not need to beyond their horizons or out of the way to invest in crypto. Through launchpools, investors can save their time as staking can be done easily from the website or exchange app.

Suffescom, a renowned crypto launchpads development company, has experts in launchpads and launchpools who can guide you about your launchpool project in-depth and can suggest improvements on your current platform.

Benefits for various Stakeholders

Launchpool provides amazing incentives for stakers. The project tokens can be acquired at the price large crypto investment funds get. This encourages equality among different stakeholders and also provides transparency in the process. Let’s have a look at the benefits of LPOOL for varied stakers.

Benefits for LPOOL Holders

LPOOL token holders have 4 major benefits listed below:

  • Launchpool enables investors to access the best prices
  • Stakeholders get access to projects at the earliest.
  • Investments bring peace of mind to authentic projects vetted on a number of levels.
  • Stakers get the opportunity to become a significant part of a new community.

Benefits for New Projects

Some of the major key benefits for new projects participating in the Launchpool:

  • Promotion through association.
  • Leverage contacts and industry know-how of some of the most successful funds in the sector.
  • A ready-made community keen to engage.
  • A diverse customer base.
  • Huge Capital

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Benefits for Investment Funds

There are four key benefits for investment funds that participate in the Launchpool:

  • Secure more top-quality projects.
  • Engaged communities that can leverage the power of the crowd and turbocharge growth hacking.
  • Opportunity to give something back and to be closer to the crypto community.
  • Community curation and feedback. Deeper insights into why and how projects are successful.

How tokens are distributed?

There are a total of 10 million tokens in launchpool. All the tokens except operational tokens which provide liquidity will be distributed over 90 days. If we consider per day basis, then each day 94,444 tokens are distributed. To simplify this, have a look at the below percentage distribution of tokens.

  • 25% of the tokens get distributed by staking into launchpool staking pools.
  • The other 25% of $LPOOL are Endeavour rewards distributed to community members that provide value to launchpool projects.
  • 15% of the tokens are for founding funds in providing deal flow, contracts, and advice.
  • 20% are for seed and strategic rounds. These ensure the short-term and long-term health of the project.
  • 15% tokens are for operations and reserves. These manage liquidity on the initial listing and aid with the development and stability of the platform.

The founding funds select the coins that are accessible for staking in an effort to increase the visibility of their initiatives. No one is locked in because all tokens can be withdrawn by staking participants at any time.

The quantity of $LPOOL a staker receives will depend on the amount of funds already staked; each staking pool offers the same amount of rewards. To ensure that everyone has the same opportunity to stake at the same time, there will be two weeks of promotion prior to the start of live staking.

How can one earn through launchpools?

The majority of launchpools include hourly rewards calculations and a lock-in period of 7 to 30 days. You receive rewards i.e. new tokens based on the percentage of tokens you contribute to the launchpool.

On the seventh day of farming, certain launchpools—like Binance—allow investors to exchange the new tokens. This indicates that you can trade the tokens you have accumulated as compensation for staking after seven days. Your revenues are calculated hourly, and some launchpools like Binance offers the flexibility of allowing you to take advantage of pending awards at any time.

To get wide knowledge on earning through launchpools, you can contact the best IDO Development Company

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How to start with Launchpool?

Launchpool offers higher ROIs to investors, which is the reason behind the rising demand for building launchpool platforms. To develop such platforms, contacting any experienced company will be advantageous for you and your business. 

Building and launching launchpools will give no headaches to owners s everything will be done brilliantly; however, users might raise a query regarding how to initiate with launchpool.

New users need to register with launchpool platform, followed by account creation. Then, they need to undergo the KYC verification process to join the platform. After that, users can log in to the platform within a few clicks. Now, you are all eligible for investing or trading in ongoing promotions.

Do KYC mandatory for launchpool?

It is mandatory to acknowledge customers in launchpool. Therefore, KYC (Know Your Customer) is required for launchpools to identify customers’ identities in order to avoid any money laundering and other illicit transactions. For identification of customers, passports or ID cards are utilized.

Now, let’s shed light on both launchpads and launchpool to examine how are they different from each other.

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How launchpad and launchpool are different?

Both of the platforms have similar fundraising goals but they both have different mechanisms. A launchpad offers users the possibility to invest in early projects before they are posted publicly, whereas a launchpool enables users to earn passive income by depositing their cryptocurrency. To put it in another way, a launchpad makes it possible for consumers to purchase tokens at a discounted rate in order to maximize their return on investment when they sell those tokens later.

By limiting the number of individual allocations, a launchpad assures a fair distribution of tokens, giving everyone the chance to participate in a great project at a nominal price before it is listed on exchanges and prices skyrocket.

Why choose Suffescom for launchpool staking platform development?

Launchpool aims at raising funds for investment. Suffescom is highly eligible for developing launchpool to support users in making the smarter move by choosing the right platform. We have successfully maintained our position in top service-providing companies in blockchain development services. Our dedication to the work has brought innumerable clients to us. We are left with positive feedback from all our clients. We always thrive to do the best and offer impeccable services to our clients. 

What sets us apart?

  • Expertise: We have years of experience working on blockchain-based projects.
  • Team with exceptional skills: Suffescom has a group of developers and designers who are very conscientious, imaginative, and well-versed in launchpool development.
  • 24/7 support: We commit to sticking by you even after your platform has gone live. Please feel free to contact us for post-deployment services.
  • Rigorous testing: Before handing over the project to the owner, the Suffescom team makes sure to undertake thorough testing procedures to give users a seamless experience.
  • Security: We make sure to offer dependable and secure platforms that capture consumers’ hearts.

To learn more about our team and working style, speak with our specialists! We also provide no-cost consultations.

Conclusion

In conclusion, the main thing about launchpool is that users can earn new tokens in the launchpool while managing their existing digital assets. The tokens earned are calculated every hour from the time of staking. As already discussed, these tokens are eligible for harvesting or redeeming at any time.

Consult with our advisory team about your launchpool project and get a scalable solution.

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