Plunge Pad: the next step in launchpad evolution
Every year the demand for cryptocurrencies increases, and there are more and more opportunities to make money. These trends mean that some users are looking for a modest but stable income, while others prefer to take a risk and multiply their capital. Launchpad platforms are designed for the second group of people, and they provide an opportunity to multiply your investment by hundreds of times in a few hours or days, but not without risk.
Launchpad is a platform that allows you to buy certain cryptocurrencies before they hit the open market. This allows you to buy tokens at the lowest possible price, because as soon as the token hits the exchange, its price increases one hundred percent, often exponentially.
About Plunge Pad
Plunge Pad is the first launchpad platform, which provides token holders with an opportunity to participate in sales and receive a guaranteed allocation. Since Plunge Pad is a fully decentralized platform, users will vote on all changes.
The main goal of Plunge Pad will be to raise capital for projects that join the Arbitrum ecosystem. Arbitrum One is an ecosystem that has low transaction fees. Of course, all projects are thoroughly vetted before they make their way onto the platform.
The massive growth in users and projects that have joined the Arbitrum ecosystem over the past few months has been incredible. This presents an exciting opportunity for Plunge Pad.
Why is unique
While many launchpads have seen their share of fame, most of them are packed with obvious problems, that ofter are not even addressed. Meanwhile, Plunge Pad solves problems such as non-guaranteed allocations, fraudulent projects, high transaction fees, slow transaction confirmation, and non-existent restrictions on whale investments in IDO.
As an answer to scam projects that are being launched at breathtaking speeds, Plunge Pad aims to create a secure environment for startups in the Ethereum ecosystem with the Arbitrum platform as a base for it. It operates with minimal commissions, amazing confirmation speed, and is a layer-2 solution bridged to Ethereum.
As a show of trust, projects which do not meet their soft cap, will not be charged fees on Plunge Pad and it is free to use. However, once a project reaches its soft cap, it will have to pay a service fee, and all of it will go on improving the community and platform.
Guarantied allocation
In the nutshell, Plunge Pad is a simple launchpad with three tiers, and each one has a guaranteed allocation. Many launchpads leave their users to trust in luck or use bots. Instead of that, Plunge Pad provides a guaranteed allocation to all token holders.
Token
In order for users to participate in IDO fundraising, they must own a Plunge token. Holders will be rewarded for their participation in the community through a staking reward mechanism. This way, holders can earn rewards on an ongoing basis. Unlocked or vested tokens will be automatically pledged, bringing rewards and allowing participation in IDO.
Conclusion
Plunge Pad is a very interesting project that a real potential for changing how people perceive launchpads. It promises to fix many problems that even the most popular launchpads have. Developers made some very wise decisions, like a partnership with Arbitrum, which might provide Plunge Pad with a lot of benefits in the near future.
Website — http://www.plungepad.io/
Twitter — https://twitter.com/Plungepad
Telegram — Community
Medium — https://medium.com/@PlungePad
