In the crypto industry, a launchpad is a platform that profiles upcoming decentralized projects looking to raise funding to develop their idea. A launchpad allows startups and innovators to raise funds and launch their crypto or blockchain-based projects.
An extension of the DeFi market, launchpads are crowdfunding platforms where projects can perform fundraising via token sales, and investors can get in early into interesting projects by supporting them. Successful projects on crypto launchpads have the potential to generate high returns for investors, making them a lucrative investment product in the DeFi space.
Also known as crypto incubators, some launchpads also function as accelerators, offering project access to fundraising opportunities, mentorship, and a quality talent pool. Projects can seek guidance, recruit reliable professionals to build their projects, and do more on some launchpads.