Bitcoin Forum

Recently through the help of coinmarketcap, I came to know about Lightning IDO platform which launches tokensale on their IDO platform. To get access, you must have hold few thousands Lightning Coin. For 5000 of Lightning coins, you will have the advantage to invest $250 worth of coins and thus the max limit increases.
Don't you think it sounds like just another pyramid scheme type business? I was wondering if there are a lot of other such platform. Well, I know how tokensale of Binance launch work though.

Lightning isn't the only one which is required any specific amount of hodling or staking of their own tokens to get guaranteed allocation. There are many ido launchpads which are required staking/hodling of a certain amount of their platform's native tokens. OP can see the list of those platforms in cryptorank  (https://cryptorank.io/fundraising-platforms)for more details. Also binance launchpad is totally diffrenet from those ido launchpad as many ido launchpad has whitelist system where you need to be lucky enough to get allocation for new projects along with hodling many the native tokens.

I don’t think that it is a sign of scam. Actually, it is just for the benefit of the system. Priority is given to those who invest in their native tokens. I know another good platform called Coinbase. It also organises IDOs and you also get priority if you interact with this platform. You are to get points on it so that you can participate in IDOs.

So it is a way to judge if investors are interested in their platform or not. ::)

This is a tactic i would use when raising money. Activating a strong already existing community to their side is just smart and efficient way to promote the product and it doesn't cost them nearly anything. Compared to other spammy tactics i've encountered so far, joining forces with existing communities is most definitely the best way.