The cryptocurrency business has continued to develop and thrive, albeit, on the again of many elements, a few of which embrace the growing variety of novel tasks reminiscent of blockchains, utility tokens, and launchpads, amongst others.
Nevertheless, the success of those tasks are depending on each other and are carefully built-in. One can’t exist with out the opposite, or put in a different way: one will 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. Nevertheless, the vast majority of these digital property lack the visibility to scale up. In different phrases, they lack the popularity or consciousness that’s required to change into traders’ selection, particularly at their early stage.
Owing to the rationale above, a number of launchpads reminiscent of Kick.io have emerged, particularly to help these tokens in addressing their main difficulty.
Notably, there are launchpads which can be interoperable with many blockchains, implying that they will facilitate an ICO (Preliminary Coin Providing) undertaking primarily based on every host blockchain’s guidelines and requirements. The draw back to this, nevertheless, is that they should take care of various levels of challenges and limitations arising from numerous blockchains.
However, there are launchpads which can be solely custom-made 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 Cryptotrend, Tom Nicholson, the CBDO at Kick.io mentioned what the platform stands for, and the way it’s positioned to profit each builders and traders alike.