Why Launchpads Should Care About Transparency And Security

 From ICO to IDO: Why Launchpads Should Care About Transparency And Security

Presale tokens are one of the most adopted strategies for earning funding when you are a crypto startup. After an unprecedented boom in 2017, ICOs lost ground not only due to a lack of interest and necessary traction but also due to the disappointingly high probability of scams and the effects of dirty money. Unfortunately, the notion of “cryptocurrency is freedom” has yet to discover some of the clearer limits to enabling a smooth and secure transition from TradFi to DeFi.

One of the ultimate reasons for moving from an ICO to an IDO was to eliminate the risk of investors selling tokens prior to being listed on the exchange, as the tokens are immediately listed in the DEX through which they are launched. In the case of IDO, the assembly is created on the DEX after the IDO is done through its own launchpad or through a third party. Thus, a lot of pressure is exerted on the launch pads.

With new launchers appearing on different blockchains every month, it is difficult to verify whether the claim that it is a “super secure solution” is the actual truth or just another marketing ploy to attract more customers. In fact, there are some security measures that launchers can take that investors should take into consideration when choosing a “single launcher”.

In almost every operating panel business model, apart from holding the operating unit tokens, users need to apply for the whitelist and complete a Know Your Customer (KYC) form. There are, of course, additional custom entry requirements for each launch pad that can enhance your chance of participating in the pool; However, they usually don't focus much on security.

Unlike the example of Scaleswap which has put a strong focus on providing additional security precautions to its users.

Recently, Scaleswap entered into a strategic partnership with PureFi, a DeFi compliance protocol, and included the AML button on their website. Scaleswap is a launch platform known for its excellent experience in launching large crypto projects and giving fair opportunity to participate in private IDO pools to its loyal customers through ScaleSCORE, a unique loyalty scoring system based on 6 dimensions.

The current application increases the chances of a user being whitelisted in the public group after receiving a free scan, thus ensuring that no dirty money is put into the pool.

Such measures are necessary to approve institutional funds in DeFi and ensure the security of retail investors and should be taken into account when deciding whether or not to participate in pools.

Pre-selling tokens is one in all the foremost adopted methods to earn funding once you’re a crypto start-up. once associate degree new boom in 2017, the ICOs have lost their power not solely because of lack of interest and necessary traction however additionally owing to its disappointedly high risk of scams and stolen property traces. Sadly enough, the concept of “cryptocurrency is freedom” is nonetheless to find some additional specific boundaries to alter a seamless and safe transition from TradFi to DeFi.

one in all the final word reasons to transition from ICO to Ido was to eliminate the danger of investors mercantilism tokens before associate degree exchange listing, wherever tokens are straight off listed on the DEX through that they’re launched. within the case of an Ido, the pool is formed on a DEX once the IDO is conducted through its own or a third-party launchpad. Consequently, loads of pressure is placed on the launchpads.

With new launchpads taking drugs on totally different blockchains each month, it's arduous to visualize whether or not claiming to be “a extremely secure solution” is that the actual truth or simply another marketing trick to draw in additional customers. In reality, there are some security-related actions launchpads could undertake that ought to be thought-about by the investors once selecting “the solely launching pad.”

In nearly every launchpad business model, aside from holding the native tokens of the launchpads, users have to be compelled to apply for whitelisting and complete the KYC form. There are, of course, to boot tailored entry necessities for each launchpad that would boost your likelihood of collaborating within the pool; however, they typically don't seem to be a lot of bound on security.

not like the instance of Scaleswap that has placed a robust concentrate on providing further security precautions for its users.

Recently, Scaleswap entered into a strategic partnership with PureFi, a DeFi compliance protocol, associate degreed incorporated an AML button on their website. Scaleswap could be a launching pad splendidly famous for its wonderful expertise in launching massive crypto comes and giving a good likelihood of participation privately Ido pools for its loyal customers through ScaleSCORE, a novel loyalty classification system supported vi dimensions.

Launchpads are facilities specifically designed for launching rockets and spacecraft into space. They serve as the starting points for space missions, providing the necessary infrastructure and support for the launch process. Launchpads are typically located in areas with clear skies and minimal population density to ensure safety and minimize the risk to surrounding communities.

Launchpads are equipped with various components and structures that enable the launch process, including:

1. Launch Tower: A tall structure that houses the rocket or spacecraft before launch. It provides access for technicians to perform pre-launch checks and fueling operations. The launch tower also incorporates umbilical connections for power, data, and fluid transfer between the launchpad and the vehicle.

2. Flame Trench: Located directly beneath the rocket or spacecraft, the flame trench directs the exhaust gases produced during launch away from the vehicle and launchpad. It helps protect the launchpad and surrounding infrastructure from intense heat and vibrations.

3. Launch Pad Surface: The launch pad itself is a large, flat surface where the rocket or spacecraft rests during final preparations and actual launch. It is typically constructed with a heat-resistant material to withstand the high temperatures generated during launch.

4. Ground Support Equipment (GSE): Launchpads are equipped with various GSE, including fueling systems, electrical power supplies, communications equipment, and environmental control systems. GSE ensures that the rocket or spacecraft is properly fueled, powered, and monitored during the launch process.

5. Safety Systems: Launchpads incorporate safety systems to protect personnel, the rocket, and the surrounding environment. These may include emergency evacuation systems, fire suppression systems, and lightning protection measures.

Launchpads are typically associated with space agencies, such as NASA's Kennedy Space Center in Florida, USA, and the Baikonur Cosmodrome in Kazakhstan, operated by Roscosmos. Private space companies like SpaceX also have their own launchpads, such as Launch Complex 39A at Kennedy Space Center, which they use for launching their rockets.