So, you’ve decided to finally take the path of the creator and embark on a journey to cement your name in the world of crypto, with your revolutionary idea and your team of competitive developers and managers, through the crypto startup you built.
But slow down a little, my friend!
Did you know the ins and outs of building a project nowadays? Not knowing this essential information could mean great trouble for you and your budding project and may even jeopardize your chances of becoming successful as a startup!
So, as a startup hoping to launch your first full-fledged project in the crypto space, what do you need to secure your success and ensure a smooth, surefire, and organic process, from conception to launch, for your future project?
The answer could lie in the world of IDOs
Let’s embark on a little journey through IDOs and IDO launchpads and figure out why they are the hottest incubators (pun intended) for startups like yours!
What are IDOs and IDO launchpads?
Initial DEX Offerings
Before you get into the creation process for your first project, you have to know what IDOs are before anything else.
IDOs (Initial DEX Offerings) are the newest rendition of crypto’s crowdfunding system.
Picking up from where ICOs (Initial Coin Offerings) and IEOs (Initial Exchange Offerings) have left off, IDOs promise a new form of funding and success for budding projects and startups without putting investors into unnecessary risks.
Unlike ICOs and IEOs that put investors and supporters in precarious situations without any form of security for the investors besides taking the project founder’s word for it, IDOs grant users premium peace of mind by making sure that the funds they accumulate from the seed phase and sale phase of the project do not go directly to the project’s wallets but instead goes towards the liquidity of the utility token that they sell to investors.
This feature gives investors like you an indispensable peace of mind, knowing that you’re not at a disadvantage no matter what happens.
IDO Launchpads
Home of IDO launches and IDO projects. If you want to launch your project—the IDO way, these will be your best friends. Packed with tight-knit communities, a launchpad that is powerful enough to house ambitious projects and provide them with all the necessary leverages that they require, and even more features to bring out the best in your budding first project, IDO launchpads are bound to be your most valuable comrade as you weather the tumultuous early phase of your project’s creation and launch.
Why you should choose IDOs
Making IDOs your first choice when launching your ambitious project should be a no-brainer by now, but just in case you’re still not sold to the IDO dream, these are even more reasons why you should!
Instant Liquidity
IDOs offer instantaneous liquidity, thanks to them being typically available on the go for the public.
It also helps that most projects are obliged to pool a significant portion of their tokens to the IDO launchpad of their choice, creating instant and massive liquidity that could jumpstart your project’s meteoric rise and inspire your investors to buy and sell your tokens without impacting the price.
If you’re looking to instantly grant your project valuation so you can get in on other more important affairs, IDOs should be your choice.
But wait, there’s more!
Easier, Faster, and Manageable Launch Processes
IDO launches typically happen on the go, all thanks to fewer restrictions and far more workable processes over the fact that you’re not dealing with in-house sale interfaces or central exchanges.
Apart from the ease of access that makes it easier to put the project at the forefront, IDO launches are also known for creating a sense of urgency for your supporters to flood in and invest.
Potent and More Reliable Communities
IDO launchpads usually house their sub-communities for projects that they incubate. They either do this through outsourcing or invitations.
But what sets them apart from other launchpads is the tight-knit, dedicated, and supportive communities that they grant projects with. Adlunam Inc., for example, employs POA (Proof-of-Attendance) and E2E (Engage-to-Earn) features to their launchpads, incentivizing and encouraging users to continuously support projects they house.
These are just some features that exceptionally make every IDO shine brighter than any launch paradigm in the crypto industry. Indispensable and unique, IDOs cemented themselves as a prime launch method for projects, startup or not.
Now that you’re pretty much sold on the benefits and the expectations of what you’re signing up with IDO launches and launchpads, let’s walk through the steps to launch your first IDO project!
Also Read: https://getcryptotips.com/what-exclusive-features-should-your-crypto-wallet-app-have/
How to Launch an IDO
Launching an IDO project is comparatively easier than most launch types in the crypto world, but that doesn’t mean you should take it willy-nilly.
Adopting a calculated approach in launching ambitious projects like yours is paramount if you want to succeed. So, in that regard, let’s cover the concepts you need to know before releasing your IDO project to the public!
Business Planning
Every crypto project starts with a concept and a problem that needs to be solved. But that alone will not be enough, as you need to create a strategic business plan to set your project on the path.
When creating your Business Strategy, you must appease the four vital questions for a successful business, namely:
- How should I run the project?
- What is the primary use case my token should adopt and capitalize upon?
- What other offerings am I expected to provide in the future?
- What makes my project unique?
As soon as these essential questions are solved, you can get into more complex affairs that involve the creation process of your project.
Marketing Strategy
The world runs in Marketing, Advertisements, and putting your project for others to see. The crypto world is no different.
With this in mind, you’re expected to create a comprehensive marketing matrix your project will follow to a T. Maximizing every resource, best trait, and hype that your project may possess to put its best foot forward to the people in the crypto world.
It’s also essential that you find the right audience for your project. Choosing to cater to just any other person in the cryptocurrency world instead of capitalizing on a particular target audience usually would cause your investors to lose sight of what your project is about and wouldn’t bide well in the long run.
IDO launchpad
Once marketing is taken care of and your project’s PR is effectively self-sustaining, the only thing you ever need to worry about is choosing the perfect IDO launchpad for your project. Choosing the proper IDO launchpad is usually easy because each IDO platform on the market works towards bringing your project to the spotlight. It all boils down to which IDOs are perfectly suited to the nature of your project.
For instance, we have Gaming IDO platforms for IDO projects with Gaming elements embedded deep into the enterprise’s roots, community IDO platforms for more social-heavy projects, etc. Researching and finding the best IDO platform for you is essential at this stage, as finding the best one out of the bunch will always grant you the advantage you would need, funding and support-wise!
Note: One may argue that funding is also essential as a step in launching your IDO project, but once you take care of all of the essential steps in this guide, your project will effectively sell itself and all that you’d need to worry about funding-wise is where to allocate it (which falls under business planning).
Wrap Up
And that’s everything you need to know about launching IDO projects as a Crypto Startup! Keep in mind that while launching your first IDO project is exciting, taking a calculated approach will always set you up for success and secure you from committing mistakes! So study the greats, ensure that you have proper knowledge and research about IDOs and IDO launchpads, and only by then should you take the leap of faith into the world of IDO projects! We wish you all the best and success!
Author’s Bio:
Amelia Gomez is a multi-talented individual who juggles various roles, including those of a creative writer, marketer, and entrepreneur. Her writing projects encompass a wide range of topics, with a particular focus on cryptocurrency-related endeavors such as Ido Launchpad, Bitcoin, and Etsy.
