Search
Close
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Menu
  • Home
  • Business News
  • Crypto News
    • Binance
    • Bitcoin
    • Cardoso
    • Dogecoin
    • Ethereum
    • NFT X Metaverse
    • Shiba in
    • Other alt coins
  • Market News
  • Technology News
  • Tools
    • Crypto Table
    • Exchange Rate
    • Currency Converter
Search
Close
Home Crypto News Binance

Launchpad projects under pressure to choose money over project fundamentals

by
April 18, 2022
in Binance, Bitcoin, Business News
152
SHARES
1.9k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Speaking with Polkastarter co-founder Daniel Stockhaus during Paris Blockchain Week, he revealed that many launchpad projects are under tremendous pressure from business development specialists acting on behalf of blockchain projects. Polkastarter is the number one fundraising platform in the blockchain space, with some projects reaching 270x on initial investments. However, Stockhaus claims that this is not the goal of Polkastarter, and he prefers to see much smaller returns during an initial IDO.

Polkastarter wants strong fundamentals.

This statement may seem counterintuitive, but in speaking to Stockhaus, you can see how passionate he is about the projects he works with. This is much more than a simple launchpad looking to scream about the insane gains it can offer uneducated investors. Instead, Polkastarter focuses on projects with solid fundamentals and educating their community to ensure they are well informed before investing in the next potential crypto unicorn. A simple glance at crypto Twitter reveals thousands of crypto projects all vying for your attention. As Helen Hai from Binance said recently, a responsible launchpad does not want its investors to buy into something worth nothing in a few years. This only leads to disenfranchised users who will fall out of love with the crypto space and have lost their money by trusting a platform that was only interesting in one thing; money.

Interestingly, there was a severe lack of talk of profits or ROI during Paris Blockchain Week. The projects we spoke to focused on adding value to their users, creating a safe place for their team to work, education within the blockchain space, and safer adoption of new technologies. Stockhaus, who deals with projects that have the potential to return live changing ROIs, is no different. He stated that one of the biggest problems within the blockchain space is the number of chains vying for the attention of the next promising project. At the NFL draft, teams attempt to convince the best talent to join their franchise regardless of whether they may be a better fit for another team.  Stockhaus described onboarding a new launchpad project similarly as “new organizations are struggling to decide where to launch their projects.” He expands on this by saying,

“if an investor wants a specific chain then one VC brings in another 10 VCs. It’s hard to say noif you really need the money then you go with the one offering the most.”

Helping projects grow

What seems to give Polksstarter the edge and the reason they have been so popular in the launchpad space is that they are almost platform agnostic. Although they are based on the Polkadot ecosystem, they were forced to launch before Polkadot was fully ready due to delays in the Polkadot launch. As a result, many of their initial projects launched on the Ethereum blockchain, and they now support around six different chains within their ecosystem. The interoperability of Polkadot means that this strategy is sustainable and gives unseen advantages for projects within the Polkastarter community. Stockhaus explains that,

“Polkastarter helps projects decide which chain is right for them as we know the projects decisions, what they did previously, how they feel about those decisions and have good connections with networks themselves. As we know the networks so well we often know some of the issues that may affect new projects, which we cannot say directly, but can steer them towards a better fit.”

Polkastarter also focuses on education by using its information hub to help projects based on their needs. They do not launch the projects and then move on to the next; they support them through monthly, or even weekly, meetings to see how their connections can help the projects grow. Stockhaus says that when they look for new projects,

“we do not look for projects that we know the token price will do very well. We want team that is very sincere and focused on what they do and not just in it to make money.”

RelatedPosts

Sharps Technology Announces Pricing of $3.8 Million Private Placement Priced at the Market

AMC Works Around Shareholder Opposition For Capital Raise Via Dilutive Stock Sale

Global Open Radio Access Network [O-RAN] Market to Cross $15.6 billion by 2027, growing at a CAGR of 70.5%: Report by MarketsandMarkets™

I prefer a 2x to a 200x

He even went on to say that he prefers it when a project only does two or 3x on launch as this means that the wider community also has a chance to make a profit as the IDO goes live. However, he lamented that when a project does too well straight away, that can only lead to disappointment for the wider community who ape in after a 200x only to see the price settle at a commendable 20 – 40x. This leaves many members outside the Polkastarter community disenfranchised and thus less likely to invest in future IDOs.

Stockhaus admitted that “anyone can look like a genius in a bull market. I’ve always said judge us after two years.” Well, Polkastarter is now 17 months into their adventure, and they have launched some highly successful projects such as Superfarm and Ethernity. We still have seven months left before he will allow us to judge their success, but with their launch of Polkastarter Gaming, it seems like they are certainly moving in the right direction.

The post Launchpad projects under pressure to choose money over project fundamentals appeared first on CryptoSlate.

Tags: BitcoinbusinessBusiness AnalysisBusiness TipsGold PriceInvestment LossMarket StoriesOil MarketSillicon ValleyunUnited StatedVenture CapitalWall StreetWater deep
Share61Tweet38Send

Related Posts

Sharps Technology Announces Pricing of $3.8 Million Private Placement Priced at the Market

February 1, 2023

AMC Works Around Shareholder Opposition For Capital Raise Via Dilutive Stock Sale

February 1, 2023

Global Open Radio Access Network [O-RAN] Market to Cross $15.6 billion by 2027, growing at a CAGR of 70.5%: Report by MarketsandMarkets™

February 1, 2023

Next Move Strategy Consulting Report Predicts Global E-Mobility Services Market Will Generate USD 65.81 Billion by 2030

February 1, 2023

Medical Affairs Outsourcing Market will worth USD 5.48 billion by 2030 : GreyViews

February 1, 2023

‘Rich Dad, Poor Dad’ Author Tells Why Bitcoin, Gold, Silver Are Rising: ‘Please Don’t Get Poorer’

February 1, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest

Is The Ethereum Merge About To Have A Confirmed Delay?

April 15, 2022

Data Leak At Unchained Capital, NYDIG, Swan & BlockFi. At The Same Time

March 21, 2022

Fantom Foundation Responds To Andre Conje’s Departure

March 6, 2022

The Andy Milonakis NFT Show, EP. 20 – Goat Soup’s Dark Night Of The Soul

April 26, 2022

IRA Financial Breach: Hackers Snatch $36 Million From US-Based Fintech Startup

0

Bitcoin Hash Rate Balloons To Record High — Will Price Go Up As Well?

0

Ethical Blockchain: Are Crypto, NFTs And DeFi Bad For The Environment? Here’s Why They’re Not

0

Mexican Billionaire Says It Again: Buy Bitcoin Today — And Thank Him Later?

0

Sharps Technology Announces Pricing of $3.8 Million Private Placement Priced at the Market

February 1, 2023

AMC Works Around Shareholder Opposition For Capital Raise Via Dilutive Stock Sale

February 1, 2023

Global Open Radio Access Network [O-RAN] Market to Cross $15.6 billion by 2027, growing at a CAGR of 70.5%: Report by MarketsandMarkets™

February 1, 2023

Next Move Strategy Consulting Report Predicts Global E-Mobility Services Market Will Generate USD 65.81 Billion by 2030

February 1, 2023

Categories

  • Binance (49,344)
  • Bitcoin (92,178)
  • Business News (97,578)
  • Cardoso (40,838)
  • Crypto News (48,631)
  • Dogecoin (40,838)
  • Ethereum (41,212)
  • Market News (85,494)
  • NFT X Metaverse (40,838)
  • Other alt coins (40,884)
  • Others (2)
  • Shiba in (40,838)
  • Technology News (84,926)

Coin Tori is the #1 Crypto and business blog you can always trust to feed you with the necessary infomation.

Facebook Twitter Linkedin Instagram

Categories

  • Business News
  • Crypto News
  • Technology News
  • Bitcoin
  • Binance
  • Cardoso
  • Other Alt Coin
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Shiba in
  • Market News
  • Others

Tool

  • Crypto Table
  • Exchage Rate
  • Currency Converter

All right reserved - Cointori

Designed By Gentry Stack

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent. Read More
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT
bitcoin
Bitcoin (BTC) $ 23,167.21 0.05%
ethereum
Ethereum (ETH) $ 1,590.00 0.26%
tether
Tether (USDT) $ 1.00 0.10%
usd-coin
USD Coin (USDC) $ 1.00 0.21%
bnb
BNB (BNB) $ 310.35 0.54%
xrp
XRP (XRP) $ 0.404851 0.46%
binance-usd
Binance USD (BUSD) $ 1.00 0.02%
cardano
Cardano (ADA) $ 0.384126 0.62%
dogecoin
Dogecoin (DOGE) $ 0.091977 1.58%
matic-network
Polygon (MATIC) $ 1.10 0.64%
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News
Menu
  • Home
  • Currency Converter
  • Business News
  • Crypto News
  • Binance
  • Bitcoin
  • Cardoso
  • Dogecoin
  • Ethereum
  • NFT X Metaverse
  • Other alt coins
  • Shiba in
  • Market News
  • Others
  • Technology News