Definition ∞ A launchpad is a platform designed to assist new cryptocurrency projects in raising capital and gaining initial exposure. These platforms facilitate initial coin offerings (ICOs) or initial DEX offerings (IDOs), providing infrastructure for token sales and often conducting due diligence on participating projects. They serve as a critical entry point for both nascent ventures and early-stage investors.
Context ∞ Current discussions regarding launchpads frequently involve the vetting processes employed to screen projects and the mechanisms used to ensure fair token allocation among participants. Concerns are often raised about the potential for scams and the need for greater transparency in project selection. Future developments may focus on enhanced security protocols and more decentralized governance models for launchpad operations.
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