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July 20, 2022, 03:38:56 AM |
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Every crypto project needs to have initial funds to have a successful launch and then develop further. There are very few cases when a crypto project was launched without initial funds and succeeded. Hence, developers usually ensure that a project has an Initial Coin Offering (ICO) or an Initial DEX Offering (IDO).
These initial token sales are getting more popular nowadays, as it is more accessible to new startups that want to fundraise more efficiently. They make sure that projects can gain funds so that they can develop their projects as promised to the community. It’s worth noting that the rise of the crypto market in 2021 led to the creation of thousands of new cryptocurrencies. With each of them aiming for the moon, it became essential to use as many initial sales so that cryptocurrencies could compete in a rather competitive environment.
So how can you have these initial token sales? The answer to that is crypto launchpads.
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