Dpad is a decentralized launchpad built on Binance Smart Chain, later to be made available on multi-chains.
Conventionally, Launchpad refers to an online platform or an organization that offers resources and facilities to startups, to help them kick off. To enter those kind of launchpad, founders have to tread through the bureaucratic hierarchy of the organization, multiple assessments and ample duration of time. Decentralized launchpads are online platforms that can offer everything that a conventional one does, but they can be accessed within minutes and without requiring anyone’s permission. Amazing isn’t it!
“Amazon Launchpad has helped nearly 400 U.S.-based startup and small business brands surpass $1 million in annual sales in Amazon’s store and nearly 40 surpass $10 million in annual sales since the program launched in 2015" as stated in Amazon’s Press Release. Binance Launchpad has helped more than 22 crypto token projects in getting exposure and growth support. It launches one new token project every month for it’s users. These are the centralized launchpad platforms that are governed by bureaucratic processes and provide opportunity to a hand picked number of startups. Although they produce great cohorts of projects, but a larger number of deserving ones get missed out.
Let’s see how does a decentralized launchpad functions in real life. For this example we’ll take Dpad as a sample launchpad platform and protocol.
Say, a new crypto project with it’s own token wants to fundraise by selling tokens to the community. The team ought to have a good team, clear concept or MVP, whitepaper, essential documentations, presence social media, informative and branding resources before planning to go for launchpad. Once they have all these resources ready, they can visit the Dpad online platform at dpad.finance and create a funding pool. They are required to submit all the details of the project like Tokenomics, important links, description, vesting and staking details, governance model, etc. These information are supposed to be the first hand resource for the investors to take a sneak peak into the project.
After filling the details, the submission can be approved on the decentralized Dpad protocol by paying small fee in the respective Blockchain’s currency, in case of Dpad’s first version, it’s BNB (Smart Chain). Bam! The project goes live on the Public Pools page of Dpad platform. While submitting the pool, there are two options- to go for public voting, or to go live directly. If Voting is chosen by the project’s team, then the submitted pool goes into the voting section on Dpad. Investors in the Dpad community can vote Yes or No for the project. Depending upon the final number of votes, if the majority of the community voted Yes, then the project gets passed and automatically moves into the Funding Pool on Dpad. If the team decides to go live directly, then they are directly placed into the Funding Pool on Dpad.
The difference in both the process is that, the projects that pass voting round are marked as “Community Assured” whereas those who had chosen direct listing are not marked anything. Thus, although voting increases the chances of trust and success in fundraise on Dpad, but it’s not mandatory for projects to pass through a voting round.
Voting on Dpad is completely decentralized and unbiased. To get voting rights, one has to stake a certain number of $DPAD tokens according to the respective Tiers.
Above was the story about how a project can fundraise through a decentralized Launchpad platform. Now let’s dive deeper into what happens to the projects after they have successfully raised funding.
So, after the funding round, there are most crucial tasks to be done like hiring, regulatory and compliance, product management, marketing, etc. Even having the money in the pocket, these are the challenging tasks that any organization faces tough times in tackling them. These are the general problems for all kids of startups, independent of what their actual business is about.
Here comes the role of incubators post fundraise. Dpad is backed by a group of seasoned entrepreneurs who have gone through all those hassles previously in their career. Their experience acts as a guiding torch leading to the path of success. The projects that will be selected for the Dpad incubation (the goal is to incubate 1000 projects in 2 years) get required resources, guidance, etc. to reduce friction in their grueling startup journey.
If you are seeking to raise funds through token sales or are looking for incubation support from the elite entrepreneurs, visit https://dpad.finance/
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