BlokPad INCUBATE by Bloktopia
BlokPad INCUBATE is the new name of the formerly known BlokPad VIP service under BLOKPAD Launchpad by Bloktopia.
BlokPad VIP NOw becomes BlokPad INCUBATE following a rebranding announcement from Bloktopia.
BlokPad Launchpad by Bloktopia has released an update covering the broader Blokpad process and the differences between its two primary services, BlokPad Incubate (formerly BlokPad VIP) and BlokPad Essential, to help end-users avoid any confusion within the BlokPad community.
Therefore BlokPad VIP now becomes BlokPad INCUBATE.
In Brief, What is a Launchpad?
Launchpads, usually referred to as IDO (Initial DEX Offering) platforms, allow users to launch new crypto projects and raise funds.
When a project launches an IDO, it does so via a decentralized liquidity exchange, commonly referred to as a DEX. This type of crypto-asset exchange allows trading tokens, crypto coins, and stable coins through liquidity pools.
IDO Crypto Fundraising
In the crypto universe, IDOs follow in the footsteps of initial coin offerings (ICOs), security token offerings (STOs), and initial exchange offerings (IEOs).
By avoiding pre-mining, a concept related to mining coins before they are available for public use, and the issue system that favors project founders over communities, IDOs are generally considered a better way to launch a cryptocurrency project than the other methods.
As a result of their mechanics, IDOs offer increased liquidity across all price points, making them an excellent choice for new projects and startups looking to launch a token and access immediate funding.
BLOKPAD Launchpad from Bloktopia
Bloktopia owns BLOKPAD, a 21-story high Virtual Skyscraper and the home of crypto, allowing access to a one-stop crypto information hub with immersive content. BLOKPAD by Bloktopia was the First Launchpad Set that has ever been released in the Metaverse.
BLOKTOPIA aims to remove barriers to mainstream crypto adoption by simplifying it and making it more digestible and mainstream. Moreover, Bloktopia Metaverse brings together a passionate crypto community where one can learn, play, create and earn.
Bloktopia was the most successful IDO of 2021, thanks to its $BLOK token launch. However, Bloktopia didn’t stop there. In its new Technical Product Roadmap, the Bloktopia team outlines a complete set of development plans for 2022.
BLOKPAD’s Launchpad Mission
BLOKPAD launchpad is dedicated to incubating and launching high-quality crypto projects geared toward the crypto and metaverse sectors.
Through Blokpad Launchpad, projects can connect in the immersive and vibrant Bloktopia Metaverse.
Bloktopians, owners of the $BLOK token, will find the BLOKPAD platform to be the Ultimate Launchpad. BLOKTOPIA will be an exclusive community of users for all the newly announced and upcoming projects that are being launched on the BLOKPAD platform.
BLOKPAD Two Main Services
As a result of community feedback, BLOKPAD Launchpad decided to split its two services after launching SIDUS NFT Heroes.
These services are now called BLOKPAD INCUBATE and BLOKPAD ESSENTIAL.
What is BlokPad INCUBATE?
BlokPad INCUBATE (formerly BlokPad VIP) provides incubation services and IDO launchpads to projects directly supervised by the BlokPad team.
BlokPad’s first release was Project SIDUS, which reached an ATH (All-Time High) of 109x following the IDO. Since this time, several projects like Syncity have been launched on the BlokPad Launchpad section, formerly known as BlokPad Vip, now rebranded to Blokpad Incubate.
Shortly, BlokPad INCUBATE will announce several new launches on its launchpad platform. Stay tuned for further information. As for the BlokPad Essential, more info can be found here.
BlokPad VIP to rebrand to BLOKPAD INCUBATE
— BLOKPAD (@OfficialBLOKPAD) April 4, 2022
Read more here 👇 on…
✅The rebrand
✅The process of incubation
✅That LOTs more projects are to be announced
#BPAD #BlokPadIncubate #launchpad https://t.co/x7NwGtH244 pic.twitter.com/5tG5iIaj9N
Project Incubation Process
In order to show how much time and effort goes into incubating a successful project, the following story will provide insight into how the process works.
BlokPad Launchpad held its Token Generation Event (TGE) on the 31st of January, so BlokPad is a fairly new Launchpad. However, it was the First Launchpad Set that has ever been released in the Metaverse.
Thanks to the success of Bloktopia and Project SIDUS, there were countless opportunities for the team to talk to a number of projects ahead of listing in anticipation of how they might assist.
The following are just some of the steps taken when assisting new projects on the BlokPad INCUBATE launchpad.
Initial Fact Find
Discussions with the team to hear more about the project, and to define a solid use case for the token.
Deep Dive
The Core team and the Development team are assessed to define if they have the credentials to make the project a success.
Tokenomics Review
The amount the project is going to raise is examined along with the number of tokens and where these tokens are distributed. Team tokens are also reviewed with a recommendation for long vesting periods to ensure commitment, and for the team to support the long-term vision of the project.
Smart Contract Review
Smart contracts and audited internally. Introductions are also made for new projects, that are looking to have audits produced by independent third parties such as Zokyo, that way a good level of protection for the community supporting the project is ensured.
Design, Branding & Light-paper Advice
The team will review and add suggestions to the project’s light-paper and discuss any additional points which might add more value to the project or the token utility itself. BlokPad’s team of in-house designers also offers assistance on both branding and visuals.
Introduction to Investors & VCs
BlokPad has an extensive network and links with well-known Crypto VCs and investors, for example, Animoca Brands, Shima Capital, and Magnus Capital to name only a few. BlokPad INCUBATE projects are introduced to these VCs for both investment and guidance.
Introductions to Pool Groups & Launchpads
BlokPad also introduces high-profile launch pads for example; Trustpad, Seedify, Redkite, and Pool Groups such as DCI and Fairum Ventures, to name only a few. These are vital for projects in order to gain traction and access to build quality communities.
Introduction to KOLs & Management
Then, Key Opinion Leaders (KOLs) such as high-profile influencers, bloggers, Twitter, and YouTube influencers are introduced. These KOLs can assist in building a community and increasing the social media followers of new start projects.
Introductions to Exchanges
BlokPad has great relationships with a number of exchanges including KuCoin & Gate amongst others. Projects are introduced to these exchanges and BlokPad assists with listings which is so valuable for projects following TGE, to drive followers, volume, and holders of the token.
Introductions to Market Makers & Legal Advisors
The final step of the process when launching a token is that sometimes a project requires a legal opinion in order to be listed on an exchange, this is set up to assist with projects and streamline the process in order to be listed effectively.
Advisory — Ongoing Assistance & Advice
Above all, the BlokPad INCUBATE service is there to assist in an advisory capacity to these projects. This is not just in the run-up to launch but to be on hand and advise after the token goes live. BlokPad has a vested interest in these projects and carefully selects them in order to be a success not just in the short term but also in the long term!
There will be LOTS of great projects coming to BlokPad INCUBATE and BlokPad Essential. There will be at least four further projects confirmed which will be announced this coming month, so plenty for the BlokPad community to be excited about.
About BLOKPAD INCUBATE
BLOKPAD INCUBATE onboards projects that are in their very early stages of development. These projects are incubated, which means that they are guided along their journey.
Knowledge and expertise, including strategic advice and introductions to exchanges, VCs, pool groups, market makers, KOLs, security audits, and other launch pads are things that are included in the service. Whilst also advising on tokenomics, growing social’s and ongoing help and support.
It takes time and effort to get this process right, so the BlokPad Incubate service launches one project a month.
BLOKPAD INCUBATE will incubate top-notch up-and-coming projects, granting exclusive access to the Bloktopia community as these projects embark on their crypto journey.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party, and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high-risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
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