Crypto Launchpads — Why Penpad Stands Above Others
What is Crypto Launchpad?
Crypto launchpad (also known as Crypto Incubator) is a decentralized exchange based platform where crypto projects are introduced and can obtain funding. Before being publicly listed, early-stage crypto token sales are made available to the project’s crypto investors.
Investors see this as a great chance to profit from a future price increase by buying tokens at low prices and selling them at a profit later on. Because the cost of launching is so minimal, the platform can also draw in more crypto projects for funding.
New founders also stand to gain from the platform, as they will have easier access to the pool of cryptocurrency investors and fans waiting for the next exciting venture.
During the bull market’s peak, many new coins and projects are always launched, with investors pouring money into them. However, some end up being scams, and many end up losing money since they didn’t have the proper skills or time to screen the projects.
In contrast, trusted crypto launchpads perform due diligence on behalf of users and investors, which is another reason for their growing popularity. New projects undergo a stringent screening process, with a third party enlisted to conduct KYC verification on new users, helping to protect both founders and investors.
How does a crypto launchpad work?
Crypto launchpad platforms exist to connect cryptocurrency projects and interested communities. Launchpads help founders raise money from potential users and investors and give investors a chance to maximize their return on investment.
Transparency and security are two key features that attract investors. Users who create a new account will typically be subjected to a KYC process to verify their identity. This procedure also makes it harder for someone to manipulate the system by making transactions using several aliases.
What is Penpad? and How's Penpad Standing Out?
Penpad is an innovative launchpad focused on fullying leveraging the unique attributes of Scroll. Dedicated to fair-launch projects, PenPad offers builders and new communities cutting-edge technology and support, including "proof-of-human” logins, scalability through Scroll’s zkEVM, privacy and compliance tools for real-world app integration.
Furthermore, PenPad isn’t just the best place to build a community-focused project; it’s the best place to build adoption-ready dApps with scalability and regulatory compliance in mind. Scroll is the paper, but PenPad is the pen you’ll use to create something that can change the world.
By building on Scroll, PenPad will offer founders a whole toolkit of Zk solutions for their dApps.
What are the unique tools users can leverage through PenPad?
➡️ ZkPrivacy:
Through PenPad, founders can use privacy to create apps and dApps that are ready for real-world business use.
➡️ Compliance through Cryptography:
PenPad will offer compliance tools so that Web3 projects can integrate with real-world applications and services.
PenPad will allow projects to keep asset storage and execution separate through Teller and Handler contracts to make reporting more simple.
➡️ Proof-of-Humanity Systems:
PenPad lets users take control of their on-chain identity, as they will provide a robust zk-login to applications that will allow them to preserve user privacy while fulfilling KYC and AML laws. This system will work together with existing authentication systems used by social media platforms and email, even with device biometrics, to ensure a genuine person is behind the account and protect platforms from spam by bots.
➡️ Initial Progressive Ownership & Fair to Play:
PenPad revolutionizes the launchpad scene with their innovative Initial Progressive Ownership model, moving beyond traditional fair launches. They introduce a PenPal points system that ensures active contributors are recognized and rewarded, fostering a sense of ownership and commitment.
➡️ Account Abstraction:
PenPad empowers developers to harness account abstractions in their dApps. By enabling user accounts to function as smart contracts, developers can infuse sophisticated logic and automation into their applications. This capability allows for more dynamic user interactions, MPC security features, and streamlined user experiences.
➡️ Scaling Ethereum:
Scroll offers builders the throughput they need to build powerful DeFi applications that can handle RWAs. Building on scroll through PenPad means that dApps will be plugged into the largest Web3 ecosystem, with access to liquidity and partnerships that other ecosystems can’t match.
In conclusion, PenPad is more than just a launchpad; it’s a platform that empowers builders to create adoption-ready dApps with scalability and regulatory compliance in mind.
By leveraging PenPad and Scroll’s technology, builders can unlock new possibilities and create projects that can change the world.
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