The cryptocurrency trade has continued to develop and thrive, albeit, on the again of many elements, a few of which embody the rising variety of novel tasks corresponding to blockchains, utility tokens, and launchpads, amongst others.
However, the success of those tasks are dependent on each other and are intently built-in. One can not exist with out the opposite, or put otherwise: one could be rendered ineffective with out the presence of one other.
That mentioned, there are quite a few cryptocurrencies on the market, with Statista claiming that there are over 6,000 in circulation as of 2021. However, nearly all of these digital belongings lack the visibility to scale up. In different phrases, they lack the popularity or consciousness that is required to turn out to be buyers’ alternative, particularly at their early stage.
Owing to the rationale above, a number of launchpads corresponding to Kick.io have emerged, particularly to help these tokens in addressing their main challenge.
Notably, there are launchpads that are interoperable with many blockchains, implying that they can facilitate an ICO (Initial Coin Offering) venture based mostly on every host blockchain’s guidelines and requirements. The draw back to this, nevertheless, is that they have to cope with various levels of challenges and limitations arising from numerous blockchains.
On the opposite hand, there are launchpads that are solely personalized for a single blockchain, and thus solely facilitate ICO tasks throughout the ecosystem. Kick.io stands out as a noteworthy instance, being the primary of its form to be hosted on the Cardano blockchain.
In an unique interview with Every dayCoin, Tom Nicholson, the CBDO at Kick.io mentioned what the platform stands for, and the way it is positioned to profit each builders and buyers alike.