A launchpad is a platform that helps early-stage projects raise capital and expand their online community through an Initial DEX Offering (IDO). IDOs involve the sale of a new project's tokens to investors, typically on a decentralized exchange (DEX).
Empowering the Algorand Ecosystem and providing differentiated user experience
Launchpads have been popular in the cryptocurrency space as a way for projects to raise funds and build a community of supporters. However, there have been issues with previous IDO platforms, such as unfavorable tokenomics, long lock-up periods, and high fees.
Thinkin (formerly Algolaunch) is a launchpad backed by the Algorand Foundation that aims to address these issues and provide a better user experience for both projects and investors. It introduces a carefully designed tokenomics model with a tier system and lottery mechanics to maximize opportunities for small players and reward high stakers. It also has simultaneous forum and staking pools to encourage participation from a wider audience, and implements first-in-market token claim mechanics to improve the user experience.
// Work in Progress