Turnkey launchpad development — Rich Quack29 Jun 2022
ICOs’ bad reputation forced launchpads to become very safe tools and, therefore, extremely popular.
It's been a long time since investors were ready to participate in Initial Coin Offerings and lost their contribution because of scams or incapacity of the projects. The current situation is a market of launchpads — tools made for both startups and investors.
Previously, we’ve shown the LessPad development case: a similar project to the one this article is dedicated to. Take a look at that launchpad and what role it plays in the Less Network.
What a launchpad is and how does it work?
Let’s begin with simple points. First of all, a launchpad is a decentralized platform that allows blockchain startups to raise funds and investors to help them by arranging an IDO (Initial Decentralized/DEX Offering). Usually, a launchpad contains a catalog of projects available to be invested in and their descriptions. To operate the platform, you get its native tokens and then try to get an allocation — access to the desired token sale.
Rich Quack first came up as a token. As the official website says, it’s a “Hyper Deflationary, self-generating automatic liquidity that pays out-static rewards to holders”. Our development for this project required building a platform that includes 3 major parts: a staking tool, a voting tool, and a launchpad itself. They’re designed to create synergy and provide a sterling experience for the users.
Please, remember that all the images presented display a prototype of the platform.
Actually, the platform has 2 staking tools, and this is the first one. It’s made for adding value for the users, and it’s pretty similar to other staking solutions. A user can stake native QUACK tokens to get a reward.
The second one is required to participate in the launchpool and is divided into several levels. Each one has its specifications showing the particular user’s abilities for interacting with the launchpad. The “lottery” percentage shows the investor’s chances to win an allocation to apply for an IDO.
Under the level cards, the staking options are presented. A user can choose the amount of the stake and its conditions. These tokens can not be used to invest in a project and are only responsible for the access. The unstake penalty is integrated too.
Whereas this project is community-driven, the users who have already staked for launchpad participation can vote on the projects they think should be launched on the platform.
If a project gets the required amount of votes, it gets an opportunity to be launched and start its IDO. But if the votes against are prevailing in a certain percentage, it’s displayed as a failed one.
Here’s the catalog of all the projects and their progress statuses. A user can observe, filter them out, and read more about them.
Clicking a project’s card unfolds detailed information about it and its progress too.
The project’s status is updated in real-time and, once completed, shows what the investor gets.
Startups — the other side of the coin
The projects who want to perform an IDO interact with a different part of the platform. They’re able to choose between the 3 types of token sales shown below.
The public sale is a “standard” token sale, requiring voting for or against the project and listing on the PancakeSwap DEX afterward.
Private sale stands for IDOs that are based on involving members of a whitelist. Not everyone can participate, no voting is needed, and DEX listing is not required too.
InQubator is a specific service that offers Rich Quack’s own project selection and guidance. The startup applies straightly to the platform’s creators if it considers this path the most efficient.
Anyway, a startup clicks “next” and fills out all the information that will be on the project’s card, its token smart contract, and so on. After this procedure, investors meet it on the launchpad and decide whether to give it a chance or not.
It’s needed to clarify that this is not a promotion of the Rich Quack project. We illustrate our case of launchpad development. Please, conduct your research before investing in any project.
The development details
Rich Quack launchpad operates on Binance Smart Chain, which explains the choice of PancakeSwap as a DEX for the new tokens’ listing.
The stack of the project is:
We’ve prepared such a detailed description to show you how such platforms work and also to show our skills in launchpad development. The bigger the project is, the more experienced developers you need to build it right. Our team hopes that all the effort it makes will help young projects get on their feet and do something good for the whole blockchain world or even more. What’s more, we’re ready to help you if you want to create a project. Let us know when you’re ready!
Rock’n’Block’s team is not limited in development. We can help with:
⚡️NFT and NFT marketplaces development
⚡️NFT 10K generator
⚡️White label launchpad development solutions
⚡️Deflationary token development
⚡️Any other custom request from a crypto wallet development to custom blockchain development.
If you’re interested in building your blockchain project, feel free to contact our team via the Telegram channel or book a call via Calendly.
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