A Beginner's Guide to White Label IDO Launchpad Platform

Blockchains have existed for more than a decade, starting from the Bitcoin network in the late-2000s. Since then, there have many advancements in the sectors, as diverse applications sprung up quickly, and now, blockchains are seen as the hosts for the future internet, a.k.a. Web3. Applications included crypto platforms, non-fungible tokens (NFTs), initial offering platforms, and decentralized finance (DeFi).

Initial offerings, in particular, have helped raise funds for many crypto startups, which include ICO (Initial Coin Offering), IEO (Initial Exchange Offering), and IDO (Initial Dex Offering). While each of them has its own pros and cons, we will be talking in detail about IDOs, precisely White label IDO launchpad platforms, from a newbie’s perspective, as many entrepreneurs have aimed to own an IDO firm.

IDOs and IDO Launchpads — Explained!

Initial Dex Offerings (IDOs) are crypto capital-raising events that distribute tokens to investors through a decentralized cryptocurrency exchange. These offerings utilize the shortcomings of earlier initial offering mechanisms (ICOs and IEOs), which was an ill-defined process in the case of ICOs, and the involvement of centralized crypto exchanges in the case of IEOs. IDOs give a lot of advantages compared to other initial offering mechanisms, which we will see later in this section.

IDO launchpads are platforms where business projects can launch their IDO tokens for fundraising campaigns. Here, all the details of the project, including descriptions, token utilities, roadmap, and the project’s whitepaper, are provided. Such a facility makes it easy for an investor to find projects that suit their interests and invest in their tokens. The launchpad indeed launches projects to become business giants through various features that efficiently facilitate both investors and business owners.

Why Go For a White Label IDO Launchpad Solution?

A White label IDO launchpad solution is one that has been pre-built and extensively tested beforehand. The platform needs much less development when it comes to preparing it for a business, as you only need to finalize the user-end customization options available. Such a low amount of work means that the expenses and the time spent on deploying the IDO launchpad for business operations are very low compared to working from scratch. Apart from the need for lesser resources, it is also essential to say that you can apply your creative mind in deciding how your IDO launchpad should look like.

Stepwise Process Involved in Launching a White label IDO Launchpad Platform

• Similar to any other crypto project, starting an IDO launchpad also begins with collecting ideas together. Here is the stage where you decide all about your IDO launchpad venture, including the target domain, the technology to be used (here, we use a White label solution), marketing strategy, competitors, and more.
• Then, you approach a blockchain development firm with expertise in White label IDO launchpad development and refine your ideas by meeting domain experts working in the firm.
• Then, you start customizing the features of your new business platform by editing existing user-end features and adding new features if you wish so.
• Afterward, you can refine the back-end for the new features added to the platform to function accordingly.
• At this stage, you should also develop the native tokens for your new IDO launchpad so that it is easy to provide initial liquidity to the platform.
• Now, you should promote your IDO launchpad venture through various mediums using conventional and crypto-specific digital marketing techniques.
• Afterward, the development firm can deploy the ready-made IDO launchpad solution customized to suit your needs on your server. Also, list your tokens on popular exchanges so that the user base widens.
• You can now start trading operations, list out the first IDO projects, and gather investors together to form a strong investment pool.
• As time goes by, make sure to act on feedback provided by users and update your IDO launchpad often to catch up with the latest trends.

Benefits of an IDO Launchpad Platform

• An IDO launchpad utilizes decentralized crypto exchanges (DEXs), which is great because you no longer depend on a centralized exchange to run your platform forever.
• IDO launchpads also offer cost-efficient token selling options and effective listing models for business owners.
• These platforms also provide great liquidity through DEXs with almost zero slippage and allow token holders to trade their tokens immediately after buying.
• IDO launchpads also have a good vetting protocol by using the community to allow platforms to raise funds, which eliminates the possibility of scammers and rug pull projects.
• Additionally, the White label forms of these platforms consume only a little workforce and monetary resources, which is beneficial for an entrepreneur debuting in the field.

A Few Finishing Thoughts

Hence, we can say that a White label platform for an IDO launchpad is the ideal solution if you want to regain all the expenses quickly as a business in the ever-expanding crypto world. You need not fear about the volatile nature of cryptocurrencies since the number of new and exciting crypto projects utilizing IDOs has increased in the last few months. If you are looking for a quality White label IDO launchpad platform, there are a few companies that can assist you with their customizable ready-made solutions, which can be launched quickly for trading while taking less from you.