Crypto launchpads offer advantages for both projects and investors

• The advantage of launchpads is that they are available to any new project meeting all entry requirements
• Most launchpads care about the rigorous verification of projects, thereby protecting investors' funds
• Many of the well-known IDO (Initial Dex Offering) launchpads are now secure thanks to experienced auditing companies that check their security. If the platform has been audited, you can search for it and read the report.
• If you enter a solid project that at least doubles your investment after its launch, you can withdraw your deposit and keep the rest as a longer term investment.

As with everything, there is also a list of disadvantages to watch out for

• It may be the case that an auditor has not found a bug in the code that a hacker notices and takes advantage of, stealing the money deposited on the platform
• A team of developers without KYC can also steal your digital assets
• Poor project analysis and late project token sales after launch, which eventually ends up in a big loss

How to choose a crypto launchpad?

Choosing a launchpad requires the use of critical thinking and analysis. Investors and projects should consider the following factors:

1. Research the platform, visit their social media (Twitter, Discord, etc.) and ask the community about previously launched projects.
2. Do not take anything for granted! Even if previous launches of new projects have made investors 10 times their deposit, yours may be already in the red a few hours after launch. Therefore, always conduct thorough analysis of your project to see if it has long-term potential or if it is just short-term speculation.
3. Check that the platform has passed basic security verifications such as KYC or auditing. The role of auditors is to provide as much information as possible about the security of the platform.
4. Find out who is behind the development of the platform, what their previous experience is, how long they have been working on the current project and how active they are on social media.
5. Always do your own research (DYOR) into the IDO launchpad platform as well as the project you want to invest in.

Conclusion

Crypto launchpads are still a relatively new concept and have tremendous value in terms of the growth of the digital asset market. Going by current trends, it is likely that most upcoming crypto projects will no longer be limited to VC investments. The paradigm shift towards decentralized launchpads will set the stage for a new era in the crowdfunding space. Even better, this approach is opening up more opportunities for anyone to participate in the growing crypto market.

Personal Opinion

Overall, IDO launchpads play a strategic role in driving the global adoption of digital assets and Web 3.0. Thanks to launchpads, almost anyone can dive into the world of digital assets. But beware, thorough research of the launchpad platform and the project you want to invest in is always important. To get the maximum benefits from this journey, users and investors should try to choose the most secure and functional platforms among the dozens, or perhaps hundreds of players operating on the market today.
The role of cybersecurity should never be underestimated, as even one incident such as a bug in the code and a subsequent hacker attack on the platform, can destroy the future of the entire project. You could lose your money and this would negatively impact general motivation to continue investing time and money in digital assets and Web 3.0. Always be prepared to take a certain amount of risk and diversify your investments wisely. Your main job is to ensure that you are making consistent profits with the least amount of risk possible. Always DYOR!