In This Article
- Key Takeaways on BSCPad
- What is BSCPad?
- How Does BSCPad Work?
- BSCPad Services & Features
- Launchpad
- Staking
Top Projects Launched on WePad
- WeWay - Well-Known BSC Crypto Launchpad
- MetaInfluence - Bringing Social Media Into The Metaverse
- Verve - Watch-to-Earn Streaming Platform
- How to Launch a Project on BSCPad
- What Makes BSCPad Unique?
- BSCPad ($BSCPAD) Token
- Is $BSCPAD a Good Investment?
- Who’s Behind BSCPad?
- BSCPad Future Outlook - Roadmap
- BSCPad Pros & Cons
- Pros:
- Cons:
- Is BSCPad the Best Crypto Launchpad?
- Conclusion
- FAQs
- References
Integrated with multiple major exchanges, BSCPad is a crypto launchpad that supports project issuers within the Binance Smart Chain when raising funding. The platform is a crowdfunding marketplace where builders can attract new investors looking for sizeable returns from upcoming blockchain projects. BSCPad enables investors to find the hottest new projects and earn extra returns by staking the native $BSCPAD token.
In this BSCPad review, we will explore this platform to see how it compares to other launchpads and identify its competitive advantages. We will also explore how to join token launches, how builders can list their tokens on the platform, and the use of its native token.
Key Takeaways on BSCPad
- Leading Binance Smart Chain Launchpad: BSCPad is one of the core platforms on the Binance Smart Chain (BSC), offering a decentralized and fair system for launching new cryptocurrency projects.
- Proven Track Record: BSCPad has successfully launched hundreds of projects, including notable names like WeWay and Verve to name a few.
- Tiered Staking System: Users benefit from a structured staking model that ensures fair access to Initial DEX Offerings (IDOs), promoting equitable participation.
- Community-Centric Approach: BSCPad actively engages its community, offering transparent processes and opportunities to participate in the platform’s growth.
- Why I Recommend Best Wallet as an Alternative: While BSCPad excels for projects on Binance Smart Chain, we recommend Best Wallet as a more versatile and secure alternative. This launchpad offers cross-chain support, a broader project base, and better ROI opportunities, making it ideal for seasoned and new investors alike.
What is BSCPad?
BSCPad is a crypto launchpad that lists the very best projects operating on the Binance Smart Chain network. The platform provides investors the opportunity to participate in token sales via Initial DEX Offerings (IDOs) at the earliest moment, giving them the chance to maximize their investment.
Leveraging a fixed tiered system, participants are required to stake $BSCPAD tokens to be eligible for token sales. There are six tiers, Bronze, Silver, Gold, Platinum, Diamond, and Blue Diamond. We will break each down further below.
The $BSCPAD token is the driving force behind the launchpad and currently has a market cap of over $3 million. In addition to this, the BSCPad platform also operates an incubation program called BlueZilla which helps builders take a project from the idea stage, all the way to launching and attracting a community base. BSCPad has gained a reputation as one of the most reliable launchpads in the cryptocurrency ecosystem, helping numerous projects like WeWay (WePad) achieve successful launches.
How Does BSCPad Work?
The BSCPad provides new projects on the Binance Smart Chain with the ability to create IDOs and raise capital from investors. Depending on the staking level, participants will receive a set share of the total amount being raised. Lottery tiers (Bronze, Silver, and Gold) must stake between 1,000 to 5,000 $BSCPAD tokens to be eligible to invest in a 20% pool of the amount raised. The remaining 80% goes to Platinium, Diamond, and Blue Diamond stakers, who will receive a guaranteed allocation of the IDO.
Additionally, BSCPad simplifies the token sale process for project teams, offering them an easy way to attract new investments and distribute tokens. Unlike platforms like Best Wallet, BSCPad does not offer marketing support, but it does help outline key project details like tokenomics and investor allocation.
Overall, it is user-friendly and has a seamless integration with the Binance Smart Chain, making it an attractive option for both developers and investors who use this network. Chainlink is an example of a token in this ecosystem, and recently made strong gains on hopes of a DeFi surge.
BSCPad Services & Features
Now that we have a better understanding of the BSCPad ecosystem, let’s take a detailed look at the services it offers.
Launchpad
Firstly, the launchpad is BSCPad’s flagship service, facilitating the launch of new crypto projects through IDOs. BSCPad’s launchpad is designed to provide an equitable and efficient token sale experience both for investors and builders. To be able to list on BSCPad, you must first be operating on BSC. The second step is to apply for an IDO via a one-page Google sheet form. Once you apply, you will likely undergo a rigorous vetting process to be considered for listing.
The platform employs a tiered staking model, where participants’ access to IDOs depends on the amount of $BSCPad tokens staked. Lower tiers may participate via a lottery, while higher tiers receive guaranteed allocations.
Aside from the launchpad, the BlueZilla VC incubator is an alternative option, where builders can partner with BCSPad to help attract investors. The program not only helps with capital, but it also has a team of developers and marketers on hand to help execute the founders’ vision.
Staking
The key tool that ensures that BSCPad works well is its staking system, which offers users rewards and IDO access based on their staking commitment. The tiered staking model incentivizes users to lock their tokens for higher rewards and benefits.
Staking not only determines allocation eligibility but also contributes to the platform’s liquidity, enhancing its overall functionality. Users can stake their $BSCPad tokens easily through the platform’s intuitive interface and earn attractive annual percentage yields (APYs). Currently over 93962176 tokens have been staked, with the APY at 15%. Recently, the IRS has suggested they could begin taxing rewards from staking, which could be something to consider.
Additionally, by staking tokens, investors demonstrate their commitment to the launchpad, which, in turn, helps the ecosystem maintain engagement with the community. This system ensures that active participants are rewarded fairly, while the platform remains robust and liquid. The ability to stake seamlessly, combined with the potential for consistent returns, makes staking a cornerstone feature of the BSCPad ecosystem.
Top Projects Launched on WePad
A lot of successful projects have been launched on the BSCPad platform. Here are some of the main ones.
WeWay – Well-Known BSC Crypto Launchpad
WeWay is the parent company of the WePad crypto launchpad, which has funded over 50 projects. Based on the Binance Smart Chain, WeWay raised 300006.4960 $BUSD in order to build out its launchpad ecosystem. It also used the funds generated from its IDO to launch the $WWY token, which powers the entire network. Similar to the BSCPad, WeWay requires investors to stake the token before being able to participate in the token sale program.
MetaInfluence – Bringing Social Media Into The Metaverse
MetaInfluence raised 300,000 USDT during its token sale on BSCPad, with over 3200 investors participating. MetaInfluence is a metaverse platform where creators and influencers can monetize their brands. Listed on major exchanges like MEXC and Gate.io, MetaInfluence hopes to be a place where social media personalities engage within the Web3 world.
However, there could be some volatility in this space, with many questioning the future landscape of identity politics in the Metaverse. Its native token $METO has a market cap of just $300,000, however, the was previously in the millions after peaking in February 2022. Early investors in this would have likely closed at a profit.
Verve – Watch-to-Earn Streaming Platform
Finally, we have Verve, which is an interactive streaming platform that aims to empower a new generation of content creators and streamers. Operating a watch-to-earn model, Verve offers rewards to viewers who like and engage the most with the shows on the network. The project raised 100,000 $BUSD from nearly 4,000 investors. As of writing, $VERVE is trading nearly 100% above its record low of $0.0002608. It was also confirmed that it will be joining BlueZilla, to help it deliver more value to its community.
How to Launch a Project on BSCPad
To apply for an IDO on BSCPad you simply need to complete a one-page application via a Google sheet on its website. You can find this by clicking on the “Apply for IDO” button to begin. Once on the form, you will be asked about the project, fundraising history as well as any relevant social links. Simply submit this, and the BSCPad team will likely be in touch with more questions if necessary.
How to Join Crypto Launches on BSCPad
To join a project that has already been listed on BSCPad simply follow the steps below.
Step 1: Connect Wallet/Buy $BSCPAD
The first step is to connect to your MetaMask wallet. This is one of the most widely used crypto wallets, and you simply need to sync your existing account to the BSCPad to get started. You will need to connect your wallet to buy $BSCPAD tokens, alternatively, you can also purchase these on exchanges like MEXC or Gate.io.
Step 2: Stake Tokens
After buying your $BSCPAD tokens the next stage will be to stake them. If you have followed the above, you can visit the staking section on the website where you will be shown the below. All of the checkpoints would be illuminated once you’ve connected your wallet and bought $BSCPAD tokens, with all that is left to stake $BSCPad tokens and unlock access to IDOs.
Step 3: Choose a Tier
Before staking, remember to choose which tier you would like to join. As mentioned above, there are six of these. Bronze, Silver, Gold, Platinum, Diamond, and Blue Diamond, or the Lottery / Guaranteed allocation levels. Stake the amount you feel comfortable with, and believe will benefit you the most.
Step 4: Invest
Now, all that is left is to view the projects you have an interest in, allocate funds during the IDO, and receive your token. Your allocations will be visible on the BSCPad wallet. Once the IDO finishes, you can view the total amount you own and have claimed in the “your allocation” section on the project page. You can then add the tokens to MetaMask for more safekeeping.
What Makes BSCPad Unique?
One of the things that makes BSCPad stand out is its equitable and transparent tiered staking system. This approach ensures that all participants, from small retail investors to larger whales, have a fair chance to participate in token sales. By categorizing users into different tiers based on their staked $BSCPad tokens, the platform balances accessibility and reward allocation, making it a user-centric solution for Initial DEX Offerings (IDOs). Additionally, the lottery and guaranteed allocation system cater to different investment preferences, ensuring flexibility and inclusivity.
In addition to this, the platform’s focus on projects built on the BSC network helps it foster a strong community amongst builders and developers within this chain. As such, the launchpad has created a cult-like following, where investors would prefer this launchpad over others, due to its clear position on the type of projects it lists.
BSCPad ($BSCPAD) Token
The $BSCPAD token is the backbone of the BSCPad launchpad, playing a crucial role in ensuring investors gain access to upcoming investment opportunities. Its core use case is to provide entry to IDOs through the use of staking. This allows users to unlock higher-tier benefits as outlined earlier in the review. Additionally, staking $BSCPAD tokens enables participants to earn attractive rewards, with a current APY of 15%, making it an integral part of the platform’s tiered staking model.
At its height, when is when the likes of WeWay and Verve launched on the platform, the $BSCPAD coin traded at an all-time high of $7.44, with a market cap easily above $30 million. The value of the coin has significantly dropped during the recent crypto winter, and it is to be confirmed if it may recover.
Is $BSCPAD a Good Investment?
There is significant uncertainty surrounding the BSCPad platform, and because the token derives its value from the launchpad, it is hard to say. On the launchpad, there are currently no live projects or even upcoming listings, meaning that there is no real incentive for investors. The only utility and reward are for stakers, who will receive a 15% APY, which may not be appealing enough.
This has been reflected in the token price which is trading nearly 99% below its record high. However, there could be an upside should we begin to see the launchpad list new projects that gain significant interest from the public.
Who’s Behind BSCPad?
Lester Lim is the founder of BSCPad, with its main investors being Meridian Capital. Lim is also the CEO of the company and a founder at X21 Digital, a blockchain advisory and investment firm. The other members of the team were Ian Friend and Danish Chaudhry. In addition to BSCPad, Friend is a Co-Founder and COO at Ferrum Network and Chaudhry was formerly the Managing Director at Bitcoin.com Exchange.
BSCPad Future Outlook – Roadmap
There is no public roadmap for BSCPad, which appears to be the reason why the token is currently underperforming. To recover, there may need to be a detailed forecast of the next steps for the platform, upcoming projects, and new community reward systems.
BSCPad Pros & Cons
After extensive research, these are the main advantages and disadvantages of the BSCPad platform.
Pros:
- Strong track record with successful launches.
- Fair and transparent staking model.
- Community-focused approach with governance features.
Cons:
- Limited to Binance Smart Chain for most projects.
- High competition from newer launchpads with advanced features.
Is BSCPad the Best Crypto Launchpad?
BSCPad is a great launchpad for projects on the Binance Smart Chain, but not overall. Although the decentralized IDO platform offers fair entry into IDOs, it is limited in its offering of listed projects. Additionally, there are no live listings at present, with no roadmap for what may be coming next. A better alternative is Best Wallet, which is another exciting crypto launchpad, that excels in several key areas.
This launchpad offers multi-chain compatibility, giving users access to projects across various blockchain networks from Solana to Ethereum and more. Its enhanced security protocols provide added protection for investors, while its high project volume ensures a steady flow of opportunities. Moreover, this platform frequently hosts some of the best token presales like Wall Street Pepe and Flockerz, making it an ideal choice for both new and experienced investors. The launchpad features a host of upcoming tokens from across various ecosystems. This allows interested parties to invest in early-stage crypto projects. Once bought, token holders can also manage their assets on the platform, without needing to connect to third-party solutions.
To compete with another launchpad like BSCPad, the Best Wallet team has launched a presale to fund its native token, $BEST. Currently, the cryptocurrency is trading at $0.023975 and has already raised $10.7 million. There is still time to join this presale before it ends at a discounted price.
Conclusion
BSCPad is a reliable platform for launching and investing in crypto projects on Binance Smart Chain. It provides all investors with a clear and transparent path to joining IDOs, offering staking rewards in the process.
Despite this, its limited offering of projects means investors may look at alternative launchpads, that offer more frequent investment opportunities. For a more comprehensive project list and secure experience, we recommend exploring Best Wallet.
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FAQs
Is BSCPad safe for investors?
How can I participate in BSCPad IDOs?
What are the current IDOs on BSCPad?
References
- Chainlink rallies on hopes of DeFi resurgence (Fortune)
- IRS confirms plan to tax rewards from staking (Cointelegraph)
- Gender, race, and the grey areas of the Metaverse (Verse)
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