IDO (Launchpad): (Propellus Network)

In order to get started and deliver a viable product, a company needs funding to set up the team, process, and other work needed to get it operational. In crypto space, this was launched as Initial Coin Offering (ICO) with a similar concept as IPOs in the stock market. But ICO’s had their own drawbacks like developers needing to manage all the infra to sell their tokens, marketing, audit, and management of smart contract/token, etc.

The alternative was provided through IEO where exchanges provide the launchpad and tokens can be sold through the exchange directly which provides investor audience and launchpad for the project. But due to the centralized nature of these exchanges, investors can’t really trust the project developer and its intentions.

Both approaches had their own issues and those are as follows:

• Manage own infra for sale, distribution of tokens.

• Invest most of the time and money for the marketing of the project.

• Unfair distribution of presales tokens.

• Soft rug pulls and other bad behavior by the developers.

• Lack of liquidity for trading

As DeFi has involved a lot many projects with complex financial applications have been launched and thus these projects need an incubator that will nurture and help them to grow.

BFP’s launchpad will focus on the same, following are the key features provided through the IDO:

Open and fair token distribution:

In most of the cases if the project is good most of the whales stack up the presales tokens this causes manipulation of the token price when trading is available also these stack up may result in the liquidity problem for exchanges. Our launchpad will ensure presales token will be distributed fairly and no one can stack up the token to manipulate the market.

Fast Trading

Investors would like to get their token assets available for trading as soon as they get their hands on them. As most of the time immediately after the project launch, the token price raises as there is buzzword about the project that has been spread through various channels.

Traders who want to take benefit of this situation needs a fast trading facility that allows them to

Investor Pool Management

Our launchpad will allow users to create multiple pools for investors so that there will be freedom for users to choose their suitable pool for staking. These pools can be monitored by the moderators and allow to maintain size token allocation ratio that avoids crowding of pools by investors thus there will be better chances of returns for staking.

Although IDO is ideal for managing projects for developers there are few issues and that need to be addressed as well, some of them are like there won’t be any control mechanism thus if the developer abandons the project investors loses their money.

To overcome these problems we have provided few features that will be provided through BFP’s launchpad and those are as follows:

• Protection for investors money

• Provide launchpad platform for developers with technical support and code audit help

• Liquidity lock for IFO

• Ensure no soft rug pull happens in the project.

In the past, most of the projects launched and generated some good investments through ICO/ IEO/ IFO and still didn’t succeed in the market. This type of setback has caused institutional investors to keep away from investing in the crypto market. Best way to provide a mechanism that will assure safety to investors money at the initial stage.

Every project needs good exposure towards the investor so that it can get enough investment to execute the plan, this will be provided by BFPs IDO that will allow the developer to create a contract over IDO and provide tokens over Dex and further ownership needs to be updated

Once this is done the provided liquidity of token will be updated for IFO and IDO, out of which 40% of fees raised through IDO will be further used buyback and burn native token thus ensuring investments will be protected.

Major issues developers face are the security of contracts and projects, a simple exploit can ruin the project. And sometimes these issues are out of their control or technical capabilities which results in abandoning the projects by the developer. And to avoid these types of rug pulls BFP will provide complete audit and developer backup ensuring the project will get its success.