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Launchpads are platforms where crypto startups can raise capital. Funds can be needed for various purposes, such as refining or launching crypto. Another goal of such actions is to create a cryptocommunity that would bring developers and potential investors together. Such an approach would be a win-win for both parties - the creators get the finances needed for further work, and investors get early access to a novelty, which, in the future, may have a high profit potential.
Thanks to launchpads,token sales are taking on a more classic format. But unlike IPOs, the conditions for accessing large amounts of investment are minimal.
This model allows investors to purchase a project's token at a more favorable price, which can grow several times more after listing on the exchange. For example, early investors in startup TOP Network were able to increase their investments by more than 250% immediately after the token was listed on Huobi Global, and the value of one of last year's NFT coins increased by a record 3,800% after listing on the same launchpad.
The cryptocurrency market has faced a lot of problems lately. Market capitalization has fallen by almost 60%, and public sales activity has been quite weak. However, a closer look reveals many positive signals in the development of the crypto market. Let's delve into recent cryptocurrency fundraising activity to get more information.
In comparison mode, we'll try to take apart all aspects of the different Launchpad sites on the BSC blockchain. As such, we will choose:
Pancakeswap IFO
DAO Maker
Impossible Finance
https://dune.com/embeds/1011486/1850047/0f34179b-bf4a-4f69-8436-701e735cdb8a?display=iframe
Over the past few months, the crypto market has shown mediocre performance.
https://dune.com/embeds/1011486/1850052/e298f5d7-9b10-4317-8d5d-e61d3fc54a1e?display=iframe
On Thursday, May 12, Bitcoin quotations fell below $27,000 and Ethereum price tested the level of $1800. The former asset fell 13.5% in 24 hours, while the latter lost more than 21% of its value, according to CoinGecko.
So, the activity shows a dismal result. The graph below shows the number of interactions with staking / IDO / IFO contracts for different platforms. Of course, Pancakeswap IFO contracts have the most events. To gain access to a newly issued token on PancakeSwap, place LP tokens in the appropriate pool. And it is clear why this is the case: PancakeSwap is the largest AMM project on the Binance Smart Chain (BSC), with a number of innovative features.
https://dune.com/embeds/983265/1703475/10313f23-d119-41dd-97de-c804f0540709?display=iframe
The first point I want to notice is a lot of activity in November-December 2021, and then a declining trend in interactions with staking contracts. To see this, remove the Pancakeswap "splashes". To do this, click on Pancakeswap in the legend.
https://dune.com/embeds/983265/1724377/dbaa2707-a4dc-4d4e-ba2b-6c58759b7229?display=iframe
As a result, we have the following results for the past year:
4M transactions for IFO contracts at Pancakeswap
417k transactions on Impossible Finance's Staking and IDOs contracts
213k transactions on Seedify’s Staking contracts
93k on Polkastarter's Staking contract
And we understand why Pancake is so popular. PancakeSwap is the largest AMM project on the Binance Smart Chain (BSC) with a number of innovative features. To access a newly issued token on PancakeSwap, place LP tokens in the appropriate pool. But why is Impossible Finance ranked #2 in this indicator?
To begin with, let's look at the projects that have been launched at Impossible Finance, namely everything that the average user cares about - the prices of a token. And also below is the daily ROI for each token. Of course crypto-stagnation has put a lot of pressure on most of these tokens.
https://dune.com/embeds/1006928/1740267/f1b356dd-de97-470d-813a-1c2995dde38d?display=iframe
https://dune.com/embeds/1006928/1740558/fed7fe5a-9c6c-468c-a88c-b7bf50f98644?display=iframe
The above data was taken from Dune Analytics. As you can see from the chart, the most prominent of all the tokens was Sportium. Sportium is a multi-faceted sports NFT platform with the goal of bringing traditional sports to the Metaverse. However, the market made further adjustments. Although even today, Sportium is the leader in terms of Current ROI (see below).
https://dune.com/embeds/1007082/1740571/7670460f-4766-4446-b48d-8f4fbf7a6016?display=iframe
https://dune.com/embeds/1007089/1740540/86fce8f4-09c5-4351-96c6-224aad5788a6?display=iframe
Second in this indicator is Genopets. Genopets won the Metaplex Community Impact Awards in the Games category, which recognizes projects, people and initiatives that have a significant impact on the future of NFT and Web3. Unlike Sportium though, Genopets lost less in terms of ROI - 41% maximum ROI and 11% current.
https://dune.com/embeds/1007287/1740735/dbfdbe2a-f523-476b-859d-7ee5bf9d1761?display=iframe
https://dune.com/embeds/1007290/1740741/92eb3be4-9a65-4f66-9384-356cd0287538?display=iframe
We also see the following data: Current average ROI of IDOs and Average ATH ROI of IDOs. We see pretty good results, and to check it let's turn to Cryptorank.
As you can see from the chart, Impossible Finance leads in Current Average ROI of IDOs. We exclude PEAKDEFI and Lighthouse, as they only had one IDO each, and ETHPad only runs on Ethereum mainnet. This highlights how the projects we work with can grow and perform after launch on our platform regardless of market conditions.
https://dune.com/embeds/995686/1724440/3c09ba59-39ab-40d4-a386-b4ccf97b6c4e?display=iframe
Since this is a relatively new platform that held its first IDO on August 30, 2021, the number of IDOs that Impossible Finance has held is only 12.
This is because the Impossible team prioritizes quality over quantity in their efforts to champion our vision and mission. Thus, the research team always conducts thorough research, evaluating many factors before approving an IDO launch.
For a better understanding of all the aspects, I recommend this video where Calvin Chu, CEO of Impossible Finance, explains the details of this project.
It seems like a hundred years ago: the art of selling tokens in the cryptocurrency world was very simple - it was enough to announce a new project to the market and allow everyone to participate in the exchange of their BTC and ETH for new tokens.
Project teams have realized that offering a discount on tokens or a bonus when investing early can increase demand.
The market demand for bonus tokens became so high that potential ICOs figured out that it was possible to pass ICO costs on to other investors who wanted to get into the project even earlier. That's when seed funding emerged.
The projects made selling tokens more difficult by adding another layer of complexity, but realized that many participants were entering for short-term profits and trying to convert coins quickly. This spawned a movement toward closed sales.
Closed sales participants-funds, partner blockchain projects, venture capitalists, and advisors-were the first to enter at a substantial discount (or bonus). The sales were conducted through SAFT (Simple Agreement for Future Tokens) agreements and often involved a lock-in period to prevent token conversion immediately after going public.
But there is a price to pay for that.
The ICO must be invested by those who will use the token. Completely closed financing contradicts these values. This means that the token will be in the hands of pure speculators, not consumers.
Selling tokens is one of the biggest opportunities to present the real utility of a token to as many people as possible. Putting a token in the hands of 50,000 people who have actually researched the project and bought tokens is the best form of mass-market engagement that increases a project's chances of success.
That's why we need to understand where the speculators who will sell their tokens as soon as they get them, and where the "experts" who will hold theirs tokens, such as MATIC from 2017, are sitting.
As we can see the total number of users on the DAO Maker launchpad differs from Impossible Finance by a factor of 10. Primary note: we're looking at users who use launchpads on BSC.
https://dune.com/embeds/978487/1694982/28cecf54-2695-4f79-8089-c0f251c58ed4?display=iframe
https://dune.com/embeds/1024912/1768712/ac9a8401-da26-4310-ad32-8b310681edb0?display=iframe
But are these users "good"? To do this, I suggest that you refer to the de-board from ahkek, which shows the Impossible Finance rank of the user. Brief description:
⭐⭐⭐⭐⭐ Score > 80 - Super active - Super huge amount of staking or purchasing
⭐⭐⭐⭐ Score > 50 & < 80- Active - Large staking or purchase
⭐⭐⭐ Score > 40 & < 50- Intermediate- Moderate- Moderate staking or purchase
⭐⭐ Score > 20 & < 40- Less Active- Less staking or purchase
⭐ Score < 10 - Inactive- Very less staking or purchase
https://dune.com/ahkek/impossible-super-users-app
https://dune.com/embeds/978341/1694755/ad474f27-5bf2-443c-8484-212ef53d4d54?display=iframe
As we can see users with 1 or 2 stars are only about 18k, which is 80% of all users. These could be one-day accounts who then transfer everything to one wallet and then this wallet sells tokens from these accounts, they could be users who used Impossible Finance a couple of times and then abandoned it. In any case, that leaves about 3800-4000 users who actively use the platform, and the Loyalty program will reward top impossible users! 🔥🔥🔥
If we go a little deeper, taking the OURO project as an example, we can observe the tendency of users to sell, supply liquidity, the usual transfer and simple holding of token.
https://dune.com/embeds/904994/1581545/1fd02d27-c03d-4e1e-a52c-304bca8bcc2a?display=iframe
From the chart above it is clear that in OURO launch participated only 4875+867+100+260 = 6102 users. To understand: private 100 and 200 is for sharing a fixed size investment, whereas normal, it is not confirm size. That is, we can understand that people with a rate of 100$ and 200$ are 260 and 100 respectively. We can also say that 6102/22400 = 27% of Impossible Finance users participated in this sale.
https://dune.com/embeds/968692/1687451/7855feb9-6f20-439e-85e2-954a6fe7afe8?display=iframe
If we look at the end result of this sale, we find that most of the users did not sell their tokens (about 3,600 users), and a smaller portion sold part or all of them (2,500).
And the most active were the first 10 days, when tokens were bought, sold, sent to other wallets and supplied liquidity. Then there were only "strong" hands, which on rare days sold their tokens, but for the most part of users bought them back.
https://dune.com/embeds/953605/1663220/d67ddc5c-0eab-4ecf-af20-83e524f7a522?display=iframe
If we consider the events that occurred with other IDOs on the Impossible Finance platform, we get the following picture: the most "unsuccessful" IDO was Highstreet, which had 34% of users sold their tokens on the first day, although in terms of the number of these tokens is only 17%.
https://dune.com/embeds/1001230/1769292/512772ab-bb70-4da2-bc70-1cc1e48a5e44?display=iframe
https://dune.com/embeds/1001230/1732437/e8229dd8-07b2-4eed-a1f7-3eba6bca07d2?display=iframe
You can also see that OURO, Sportium and Starbot sold just over 30% of all distributed tokens in the first 24 hours. Also with OURO we see that there was the highest number of users who put liquidity in the first 24 hours. Note: users can overlap - so, for example, the same user can put liquidity and sell some of his tokens during this interval.
So let's draw a couple of conclusions:
The average number of tokens sold (for all projects) is about 19% in the first 24 hours
The average number of users who sold tokens (some or all) is about 18% in the first 24 hours
For comparison, let's look at the performance of DAO Maker. Gamium had the largest number of buyers. Gamium's mission was to innovate how humans interact in the digital space by building the truly Decentralized Social Metaverse. 631 users who totaled their tokens, 250 users who sold their tokens in the first 24 hours, which is about 40%, and in terms of all tokens sold, 30%.
https://dune.com/embeds/1015944/1754962/65b9dfe0-e1ad-4515-9619-2f135d95e369?display=iframe
https://dune.com/embeds/1015944/1754951/7dd110ec-e181-415b-b8b1-08252ceae4a8?display=iframe
https://dune.com/embeds/1015944/1754222/472c85f2-91c6-457f-894c-270b79bf3e5f?display=iframe
And for the BBS token, we see an amazing picture - 158% of tokens sold. However, please don't panic - this is all because users can also purchase issued tokens. And everyone has different goals - someone believes in the project and buys them with the hope for the future, someone redeems drawdowns and sells them at peaks and so on. Here is the proofs, where all transactions of purchases and sales of BBS token during the first 24 hours are presented (You can sort them by "types").
https://dune.com/embeds/1025353/1769507/7aac2801-0425-4a98-a274-6feeb0b645c2?display=iframe
But does that tell us it's a good thing? Not really, because you can't ruin statistics - a person can buy a token and then sell it - that person is a pure speculator, which I don't think is a priority for projects.
If you summarize the DAO Maker, we get the following, by analogy with Impossible Finance:
42% average number of tokens sold in the first 24 hours, at that we do not take into account projects with recalculation (>100% of tokens sold or transferred)
That important to say, not everyone can participate in IDO. To participate in the DAO Maker launch panel, you must qualify using "DAO Power" . You can put a DAO token and exchange it for DAO Power at a 1:1 ratio, or you can provide liquidity for DAO pairs to exchange LP token for DAO Power at a 1:1.5 ratio. You can get DAO Power after locking your DAO for 5 days .
Your position will then be placed in 1 of 6 available trenches (trench 0 is for first supporters/old users), followed by a random selection from a white list.
Trench 0: 500-1999 DAO Power.
Tranche 1: 2,000-3,999 DAO Power.
Tranche 2: 4,000-9,999 DAO Power.
Tranche 3: >10,000 DAO Power.
Tranche 4: >25,000 DAO Power.
Tranche 5: 50,000+ DAO Power.
It is also important that the tokens are not unlocked immediately, but gradually. This is a noticeable plus, which helps reduce the probability of immediately destroying this token with its sales.
This time we've broken down some of the main points about launchpads. Launchpad is not just about a quick sale. First and foremost, it's about security, cooperation only with proven companies, and mutually beneficial relationships.
We also compared two launchpads, namely Impossible Finance and DAO Maker (and only its IDOs on the BSC). We drew conclusions above, but you can draw your own conclusions. As we can see so far this industry on BSC is actively promoted by the Impossible Finance project.
https://dune.com/embeds/888233/1850023/bbb1bee2-93b2-4dd2-9023-b2938dff0ba3?display=iframe
All we have to say is that BSC is a dangerous environment in which a huge number of new contracts appears every day (you can see it in the chart below), because of the very low commissions at BSC. So take care and choose only proven tokens to buy.
Blockchains analysis dashboard by @KARTOD
Impossible Finance - Compare Launchpad platforms by @Impossible Finance
https://dune.com/impossiblefinance/impossible-finance-compare-launchpad-platforms
Ouro IDO participant by @Ahkek
Impossible Super Users App by @Ahkek
Impossible finance launchpad participants by @Ahkek
https://dune.com/ahkek/Impossible-finance-launchpad-participants
Launchpads and IDO Platforms - cryptorank.io
Launchpads are platforms where crypto startups can raise capital. Funds can be needed for various purposes, such as refining or launching crypto. Another goal of such actions is to create a cryptocommunity that would bring developers and potential investors together. Such an approach would be a win-win for both parties - the creators get the finances needed for further work, and investors get early access to a novelty, which, in the future, may have a high profit potential.
Thanks to launchpads,token sales are taking on a more classic format. But unlike IPOs, the conditions for accessing large amounts of investment are minimal.
This model allows investors to purchase a project's token at a more favorable price, which can grow several times more after listing on the exchange. For example, early investors in startup TOP Network were able to increase their investments by more than 250% immediately after the token was listed on Huobi Global, and the value of one of last year's NFT coins increased by a record 3,800% after listing on the same launchpad.
The cryptocurrency market has faced a lot of problems lately. Market capitalization has fallen by almost 60%, and public sales activity has been quite weak. However, a closer look reveals many positive signals in the development of the crypto market. Let's delve into recent cryptocurrency fundraising activity to get more information.
In comparison mode, we'll try to take apart all aspects of the different Launchpad sites on the BSC blockchain. As such, we will choose:
Pancakeswap IFO
DAO Maker
Impossible Finance
https://dune.com/embeds/1011486/1850047/0f34179b-bf4a-4f69-8436-701e735cdb8a?display=iframe
Over the past few months, the crypto market has shown mediocre performance.
https://dune.com/embeds/1011486/1850052/e298f5d7-9b10-4317-8d5d-e61d3fc54a1e?display=iframe
On Thursday, May 12, Bitcoin quotations fell below $27,000 and Ethereum price tested the level of $1800. The former asset fell 13.5% in 24 hours, while the latter lost more than 21% of its value, according to CoinGecko.
So, the activity shows a dismal result. The graph below shows the number of interactions with staking / IDO / IFO contracts for different platforms. Of course, Pancakeswap IFO contracts have the most events. To gain access to a newly issued token on PancakeSwap, place LP tokens in the appropriate pool. And it is clear why this is the case: PancakeSwap is the largest AMM project on the Binance Smart Chain (BSC), with a number of innovative features.
https://dune.com/embeds/983265/1703475/10313f23-d119-41dd-97de-c804f0540709?display=iframe
The first point I want to notice is a lot of activity in November-December 2021, and then a declining trend in interactions with staking contracts. To see this, remove the Pancakeswap "splashes". To do this, click on Pancakeswap in the legend.
https://dune.com/embeds/983265/1724377/dbaa2707-a4dc-4d4e-ba2b-6c58759b7229?display=iframe
As a result, we have the following results for the past year:
4M transactions for IFO contracts at Pancakeswap
417k transactions on Impossible Finance's Staking and IDOs contracts
213k transactions on Seedify’s Staking contracts
93k on Polkastarter's Staking contract
And we understand why Pancake is so popular. PancakeSwap is the largest AMM project on the Binance Smart Chain (BSC) with a number of innovative features. To access a newly issued token on PancakeSwap, place LP tokens in the appropriate pool. But why is Impossible Finance ranked #2 in this indicator?
To begin with, let's look at the projects that have been launched at Impossible Finance, namely everything that the average user cares about - the prices of a token. And also below is the daily ROI for each token. Of course crypto-stagnation has put a lot of pressure on most of these tokens.
https://dune.com/embeds/1006928/1740267/f1b356dd-de97-470d-813a-1c2995dde38d?display=iframe
https://dune.com/embeds/1006928/1740558/fed7fe5a-9c6c-468c-a88c-b7bf50f98644?display=iframe
The above data was taken from Dune Analytics. As you can see from the chart, the most prominent of all the tokens was Sportium. Sportium is a multi-faceted sports NFT platform with the goal of bringing traditional sports to the Metaverse. However, the market made further adjustments. Although even today, Sportium is the leader in terms of Current ROI (see below).
https://dune.com/embeds/1007082/1740571/7670460f-4766-4446-b48d-8f4fbf7a6016?display=iframe
https://dune.com/embeds/1007089/1740540/86fce8f4-09c5-4351-96c6-224aad5788a6?display=iframe
Second in this indicator is Genopets. Genopets won the Metaplex Community Impact Awards in the Games category, which recognizes projects, people and initiatives that have a significant impact on the future of NFT and Web3. Unlike Sportium though, Genopets lost less in terms of ROI - 41% maximum ROI and 11% current.
https://dune.com/embeds/1007287/1740735/dbfdbe2a-f523-476b-859d-7ee5bf9d1761?display=iframe
https://dune.com/embeds/1007290/1740741/92eb3be4-9a65-4f66-9384-356cd0287538?display=iframe
We also see the following data: Current average ROI of IDOs and Average ATH ROI of IDOs. We see pretty good results, and to check it let's turn to Cryptorank.
As you can see from the chart, Impossible Finance leads in Current Average ROI of IDOs. We exclude PEAKDEFI and Lighthouse, as they only had one IDO each, and ETHPad only runs on Ethereum mainnet. This highlights how the projects we work with can grow and perform after launch on our platform regardless of market conditions.
https://dune.com/embeds/995686/1724440/3c09ba59-39ab-40d4-a386-b4ccf97b6c4e?display=iframe
Since this is a relatively new platform that held its first IDO on August 30, 2021, the number of IDOs that Impossible Finance has held is only 12.
This is because the Impossible team prioritizes quality over quantity in their efforts to champion our vision and mission. Thus, the research team always conducts thorough research, evaluating many factors before approving an IDO launch.
For a better understanding of all the aspects, I recommend this video where Calvin Chu, CEO of Impossible Finance, explains the details of this project.
It seems like a hundred years ago: the art of selling tokens in the cryptocurrency world was very simple - it was enough to announce a new project to the market and allow everyone to participate in the exchange of their BTC and ETH for new tokens.
Project teams have realized that offering a discount on tokens or a bonus when investing early can increase demand.
The market demand for bonus tokens became so high that potential ICOs figured out that it was possible to pass ICO costs on to other investors who wanted to get into the project even earlier. That's when seed funding emerged.
The projects made selling tokens more difficult by adding another layer of complexity, but realized that many participants were entering for short-term profits and trying to convert coins quickly. This spawned a movement toward closed sales.
Closed sales participants-funds, partner blockchain projects, venture capitalists, and advisors-were the first to enter at a substantial discount (or bonus). The sales were conducted through SAFT (Simple Agreement for Future Tokens) agreements and often involved a lock-in period to prevent token conversion immediately after going public.
But there is a price to pay for that.
The ICO must be invested by those who will use the token. Completely closed financing contradicts these values. This means that the token will be in the hands of pure speculators, not consumers.
Selling tokens is one of the biggest opportunities to present the real utility of a token to as many people as possible. Putting a token in the hands of 50,000 people who have actually researched the project and bought tokens is the best form of mass-market engagement that increases a project's chances of success.
That's why we need to understand where the speculators who will sell their tokens as soon as they get them, and where the "experts" who will hold theirs tokens, such as MATIC from 2017, are sitting.
As we can see the total number of users on the DAO Maker launchpad differs from Impossible Finance by a factor of 10. Primary note: we're looking at users who use launchpads on BSC.
https://dune.com/embeds/978487/1694982/28cecf54-2695-4f79-8089-c0f251c58ed4?display=iframe
https://dune.com/embeds/1024912/1768712/ac9a8401-da26-4310-ad32-8b310681edb0?display=iframe
But are these users "good"? To do this, I suggest that you refer to the de-board from ahkek, which shows the Impossible Finance rank of the user. Brief description:
⭐⭐⭐⭐⭐ Score > 80 - Super active - Super huge amount of staking or purchasing
⭐⭐⭐⭐ Score > 50 & < 80- Active - Large staking or purchase
⭐⭐⭐ Score > 40 & < 50- Intermediate- Moderate- Moderate staking or purchase
⭐⭐ Score > 20 & < 40- Less Active- Less staking or purchase
⭐ Score < 10 - Inactive- Very less staking or purchase
https://dune.com/ahkek/impossible-super-users-app
https://dune.com/embeds/978341/1694755/ad474f27-5bf2-443c-8484-212ef53d4d54?display=iframe
As we can see users with 1 or 2 stars are only about 18k, which is 80% of all users. These could be one-day accounts who then transfer everything to one wallet and then this wallet sells tokens from these accounts, they could be users who used Impossible Finance a couple of times and then abandoned it. In any case, that leaves about 3800-4000 users who actively use the platform, and the Loyalty program will reward top impossible users! 🔥🔥🔥
If we go a little deeper, taking the OURO project as an example, we can observe the tendency of users to sell, supply liquidity, the usual transfer and simple holding of token.
https://dune.com/embeds/904994/1581545/1fd02d27-c03d-4e1e-a52c-304bca8bcc2a?display=iframe
From the chart above it is clear that in OURO launch participated only 4875+867+100+260 = 6102 users. To understand: private 100 and 200 is for sharing a fixed size investment, whereas normal, it is not confirm size. That is, we can understand that people with a rate of 100$ and 200$ are 260 and 100 respectively. We can also say that 6102/22400 = 27% of Impossible Finance users participated in this sale.
https://dune.com/embeds/968692/1687451/7855feb9-6f20-439e-85e2-954a6fe7afe8?display=iframe
If we look at the end result of this sale, we find that most of the users did not sell their tokens (about 3,600 users), and a smaller portion sold part or all of them (2,500).
And the most active were the first 10 days, when tokens were bought, sold, sent to other wallets and supplied liquidity. Then there were only "strong" hands, which on rare days sold their tokens, but for the most part of users bought them back.
https://dune.com/embeds/953605/1663220/d67ddc5c-0eab-4ecf-af20-83e524f7a522?display=iframe
If we consider the events that occurred with other IDOs on the Impossible Finance platform, we get the following picture: the most "unsuccessful" IDO was Highstreet, which had 34% of users sold their tokens on the first day, although in terms of the number of these tokens is only 17%.
https://dune.com/embeds/1001230/1769292/512772ab-bb70-4da2-bc70-1cc1e48a5e44?display=iframe
https://dune.com/embeds/1001230/1732437/e8229dd8-07b2-4eed-a1f7-3eba6bca07d2?display=iframe
You can also see that OURO, Sportium and Starbot sold just over 30% of all distributed tokens in the first 24 hours. Also with OURO we see that there was the highest number of users who put liquidity in the first 24 hours. Note: users can overlap - so, for example, the same user can put liquidity and sell some of his tokens during this interval.
So let's draw a couple of conclusions:
The average number of tokens sold (for all projects) is about 19% in the first 24 hours
The average number of users who sold tokens (some or all) is about 18% in the first 24 hours
For comparison, let's look at the performance of DAO Maker. Gamium had the largest number of buyers. Gamium's mission was to innovate how humans interact in the digital space by building the truly Decentralized Social Metaverse. 631 users who totaled their tokens, 250 users who sold their tokens in the first 24 hours, which is about 40%, and in terms of all tokens sold, 30%.
https://dune.com/embeds/1015944/1754962/65b9dfe0-e1ad-4515-9619-2f135d95e369?display=iframe
https://dune.com/embeds/1015944/1754951/7dd110ec-e181-415b-b8b1-08252ceae4a8?display=iframe
https://dune.com/embeds/1015944/1754222/472c85f2-91c6-457f-894c-270b79bf3e5f?display=iframe
And for the BBS token, we see an amazing picture - 158% of tokens sold. However, please don't panic - this is all because users can also purchase issued tokens. And everyone has different goals - someone believes in the project and buys them with the hope for the future, someone redeems drawdowns and sells them at peaks and so on. Here is the proofs, where all transactions of purchases and sales of BBS token during the first 24 hours are presented (You can sort them by "types").
https://dune.com/embeds/1025353/1769507/7aac2801-0425-4a98-a274-6feeb0b645c2?display=iframe
But does that tell us it's a good thing? Not really, because you can't ruin statistics - a person can buy a token and then sell it - that person is a pure speculator, which I don't think is a priority for projects.
If you summarize the DAO Maker, we get the following, by analogy with Impossible Finance:
42% average number of tokens sold in the first 24 hours, at that we do not take into account projects with recalculation (>100% of tokens sold or transferred)
That important to say, not everyone can participate in IDO. To participate in the DAO Maker launch panel, you must qualify using "DAO Power" . You can put a DAO token and exchange it for DAO Power at a 1:1 ratio, or you can provide liquidity for DAO pairs to exchange LP token for DAO Power at a 1:1.5 ratio. You can get DAO Power after locking your DAO for 5 days .
Your position will then be placed in 1 of 6 available trenches (trench 0 is for first supporters/old users), followed by a random selection from a white list.
Trench 0: 500-1999 DAO Power.
Tranche 1: 2,000-3,999 DAO Power.
Tranche 2: 4,000-9,999 DAO Power.
Tranche 3: >10,000 DAO Power.
Tranche 4: >25,000 DAO Power.
Tranche 5: 50,000+ DAO Power.
It is also important that the tokens are not unlocked immediately, but gradually. This is a noticeable plus, which helps reduce the probability of immediately destroying this token with its sales.
This time we've broken down some of the main points about launchpads. Launchpad is not just about a quick sale. First and foremost, it's about security, cooperation only with proven companies, and mutually beneficial relationships.
We also compared two launchpads, namely Impossible Finance and DAO Maker (and only its IDOs on the BSC). We drew conclusions above, but you can draw your own conclusions. As we can see so far this industry on BSC is actively promoted by the Impossible Finance project.
https://dune.com/embeds/888233/1850023/bbb1bee2-93b2-4dd2-9023-b2938dff0ba3?display=iframe
All we have to say is that BSC is a dangerous environment in which a huge number of new contracts appears every day (you can see it in the chart below), because of the very low commissions at BSC. So take care and choose only proven tokens to buy.
Blockchains analysis dashboard by @KARTOD
Impossible Finance - Compare Launchpad platforms by @Impossible Finance
https://dune.com/impossiblefinance/impossible-finance-compare-launchpad-platforms
Ouro IDO participant by @Ahkek
Impossible Super Users App by @Ahkek
Impossible finance launchpad participants by @Ahkek
https://dune.com/ahkek/Impossible-finance-launchpad-participants
Launchpads and IDO Platforms - cryptorank.io
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