With the advancement of technology, fundraising has become much more popular than ever imagined. It has made it easier and quicker for crypto project holders to raise funds through IDOs, or Initial DEX Offerings.
Although there are a number of ways to raise funds, IDO is still the most common and preferable method.
In addition to that, with the ever-increasing popularity and necessity of fundraising platforms, entrepreneurs are now looking towards IDO launchpad development on Cardano.
So, are you looking for IDO launchpad development services on Cardano but have limited knowledge about the same? Don’t worry, we’ll cover everything about this in the blog!
Table of Contents
IDO, or Initial DEX Offering—what is it?
When a startup is looking for funds for one of their projects, they use a number of fundraising methods, including ICOs (Intial Coin Offering, IEO (Initial Exchage Offering), IDO (Initial DEX Offering), and more.
Among those, IDO is one of the most preferred fundraising methods in the crypto world. Most significantly, it allows crypto project holders to raise funds by listing IDO tokens on any decentralized fundraising platform, that is, the IDO launchpad.
What is an IDO Launchpad?
As mentioned above, IDO Launchpad is a decentralized fundraising platform that allows crypto project owners to showcase their projects by placing tokens.
On the other hand, investors first navigate through the details by surfing the project details, and if they find it interesting and sustainable, they invest in the project by acquiring IDO tokens. The IDO launchpads are built on blockchain networks such as Binance Smart Chain, Ethereum, Cardano, and more.
Features of the IDO Launchpad on Cardano
- Token Launch Capability
IDO launchpads help project owners launch their native tokens through decentralized exchanges on the Cardano blockchain network.
- Decentralized Fundraising
These facilitate decentralized fundraising by allowing crypto projects to conduct token sales to potential investors. It offers a fair chance for investors to participate in early-stage investments.
- Transparency and Trust
The IDO launchpads built on Cardano prioritizes transparency by offering users detailed information about the projects, which fosters trust within the community.
- User-Friendly Interface
These platforms tend to offer an intuitive user interface that simplifies the process of token sales, which makes them accessible to both newcomers and seasoned crypto traders.
- Token Swap Functionality
IDO platforms on Cardano support token swapping, which allows users to trade between a wide range of tokens.
- Liquidity Provision
These offer incentives to liquidity providers who stake their tokens to facilitate trading pairs on the decentralized exchanges.
- Security Measures
IDO launchpads implement security measures, including smart contract audits, KYC, and AML procedures, to ensure the safety of transactions and user funds.
Different Ways for IDO Launchpad Development on Cardano
There are two basic ways of developing an IDO launchpad on Cardano, which involve:
- Development from Scratch
IDO development from scratch involves designing, developing, testing, and launching the platform. Considering this, it is a time- and effort-consuming process. Also, it requires a considerable budget investment.
- White-label IDO Launchpad Solution
Another approach for developing an IDO launchpad is through a white-label solution. It is a pre-built software solution equipped with the core features of the Cardano blockchain. It is completely customizable as it can be modified as per different business needs and requirements. One of the standout benefits of this approach is that it saves time and is achievable within a certain budget.
IDO Launchpad Development Process on Cardano
Let’s check out the steps involved in developing the IDO launchpad on Cardano!
- Create a Roadmap
The first and foremost step is to create a roadmap, which involves strategizing the plan. For that, essential information is gathered from the client, and suggestions are framed to take the project to the next level.
- Frame a Whitepaper
The next step is to frame a whitepaper for the project. It is an essential requisite that displays what the platform will be. Basically, a whitepaper is a document that portrays the main purpose of the IDO project.
- IDO Launchpad Development
Next, you have to decide whether you have to develop the platform from scratch or create it using a white-label software solution. Once done, you can create the IDO token for your launchpad.
- Test and Launch the IDO Launchpad
Once the above-mentioned steps are completed, you need to test the IDO launchpad to ensure that it is completely bug-free. While testing, if you find any technical errors or issues, ensure that you fix them beforehand. Lastly, launch the IDO launchpad on the market.
How Much Does It Cost to Develop an IDO Launchpad on Cardano?
Well, no one could be able to tell you the exact cost involved in the development of the IDO launchpad. Thus, the estimated cost for IDO launchpad development on Cardano may range from $10K to $320K. It is dependent on several factors, including:
- Size and experience of the development team
- Development time
- Features and functionalities
- Security
- Compliance and legalities
- Maintenance and support
- Integration with wallets
- UI/UX development
The Bottom Line
So, that’s it!
The increasing number of crypto projects raises the demand for decentralized fundraising platforms, that is, IDO launchpads. Leverage it and consider IDO launchpad development on Cardano.
If you are looking to develop IDO launchpads on Cardano, it is crucial that you get in touch with the experts in the industry.
Technoloader is the leading IDO launchpad development company that can help you seamlessly enter the decentralized finance world. With a pool of experts in the field, they can help you get customized IDO launchpad development services on Cardano.
What are you waiting for now? Reach out to more investors using IDO launchpads developed on the Cardano blockchain!
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