The Bitcoin network has been gaining a lot of traction since the emergence of the BRC-20 tokens. At present, there are around 24,677 BRC-20 tokens with a total market cap of $727,110,249. With the rise of these tokens, numerous ventures have also emerged based on them, like BRC-20 token exchanges. Also, with its current surge, one of the on-demand platforms is the BRC-20 launchpad which unlocks many fundraising opportunities for the BRC-20 token projects.
As the popularity buzz around these tokens inclines, the need and the promising future of your BRC-20 launchpad development also maximizes. With INORU, you can craft your feature-rich launchpad that supports the growth of the BRC-20 tokens by facilitating increased visibility and community building. Start your remunerative venture now with our industry experts.
What Are BRC-20 Tokens?
BRC-20 tokens are an experimental token standard that operates on the Bitcoin blockchain through the Ordinals protocol. Similar to Ethereum’s ERC-20 tokens, BRC-20 tokens enable the creation and transfer of fungible tokens on the Bitcoin network. The concept of BRC-20 tokens originated from the launch of the Ordinals protocol, which allowed for the inscription of NFTs on satoshis (sats) in January 2023. This sparked curiosity about the possibility of creating fungible tokens on Bitcoin. In March 2023, a programmer named Domo introduced the BRC-20 token standard, makes it feasible to mint and transfer fungible tokens on the Bitcoin network.
This Ordinals protocol facilitates the numbering of satoshis. This protocol allows users to attach additional data to these units through a process called “inscription.” The first BRC-20 token, “ordi,” was deployed, and Bitcoin wallets quickly adapted to support BRC-20 tokens. Subsequently, numerous other BRC-20 tokens emerged, including many meme tokens. Some of these tokens experienced significant price increases and market capitalization.
Understanding BRC-20 Launchpad
The BRC-20 launchpad facilitates the launch of new BRC-20 tokens into the market. It serves as an essential tool to provide a secure and efficient way for BRC-20 token projects to raise funds, distribute tokens, and gain exposure to potential investors. These token launchpads enable projects to conduct token sales and allow them to raise capital to fund their development and operations.
These BRC-20 token launchpads prioritize investor protection by conducting due diligence on the projects seeking to launch BRC-20 tokens. Launchpads foster a strong community around the projects they support, which enables your BRC-20 tokens to engage its loyal supporters, share updates, and gather feedback. They aim to provide liquidity and market access for your newly launched BRC-20 tokens.
The Significance Of BRC 20 Launchpad Development
Launching a BRC-20 launchpad can be a compelling opportunity with the present hype over the BRC-20 tokens and the Bitcoin network. By commencing the development of this launchpad, you unlock a variety of advantages that include
- Tap into the Growing Demand
The Bitcoin network has been experiencing significant growth with the surge of the BRC-20 tokens. By launching a launchpad for the BRC-20 tokens, you can meet the increasing demand for the platform.
- Revenue Generation
A well-executed launchpad can generate substantial revenue streams, especially during periods of high market activity, through various means, such as charging project listing fees, taking a percentage of funds raised during token sales, etc.
- Support Innovative Projects
Launching a token launchpad provides the opportunity to support and showcase innovative BRC-20 projects and contribute majorly to their growth and success.
- Establish a Strong Network
A launchpad can lead to collaborations, partnerships, and future business opportunities for the BRC-20 token projects and acts like a hub for like-minded individuals, fostering an ecosystem of innovation and collaboration.
Features That Should Be Encompassed By A Thriving BRC-20 Launchpad
The enriching features of a BRC-20 launchpad collectively contribute to creating a robust and supportive ecosystem for projects launching tokens through token launchpads. They aim to provide a comprehensive suite of services, support, and opportunities to drive the success and sustainability of the BRC-20 token projects and benefit the investors and the wider blockchain community.
- Community Engagement: The BRC-20 launchpads foster a strong community around the projects they support. They often provide communication channels, forums, or social platforms for project teams to interact with their supporters. This community engagement helps create a dedicated and active user base, generating awareness, feedback, and support for the project.
- Token Distribution Mechanisms: Launchpads facilitate the fair and transparent distribution of BRC-20 tokens. They often implement mechanisms such as token vesting or lock-up periods, ensuring that project teams and early investors cannot immediately sell or transfer their tokens.
- Token Swap and Staking: Launchpads can be installed with extensive features like token swap services, allowing holders of existing tokens to exchange them for newly launched tokens. Additionally, they may provide staking capabilities, enabling token holders to participate in network governance or earn rewards by locking their tokens.
- Token Metrics and Analytics: They often provide detailed token metrics and analytics, giving investors insights into token supply, distribution, market performance, and trading volumes. These data-driven insights help investors make informed decisions.
- Resources: Launchpads provide educational resources and documentation to help investors and users understand the BRC-20 project, tokenomics, and the underlying technology. These resources empower investors to make informed decisions and support the project’s growth.
- Token Launchpad Incubation: Launchpads can be tailored to offer incubation programs to support early-stage BRC-20 token projects. These programs provide mentorship, guidance, and other resources to help projects refine their ideas, build their teams, and navigate the complexities of launching a BRC-20 token.
Eminent Functioning Of A BRC 20 Launchpad
The goal of a BRC-20 launchpad is to provide a secure, efficient, and transparent platform for projects to raise funds and gain exposure to potential investors while protecting the interests of investors and supporting the growth of the token ecosystem. Here is an overview of how a typical BRC-20 token launchpad works
- Project Evaluation
The Launchpad team evaluates the BRC-20 token project based on criteria such as innovation, viability, team expertise, and market potential. Due diligence is conducted to assess the project’s legitimacy and credibility.
- Token Sale Planning
Once a project is approved, the Launchpad team collaborates with the BRC-20 token project to plan the token sale event. This includes determining the token sale duration, token price, allocation, and any additional details or requirements specific to the project.
- Investor Registration and Whitelisting
To participate in the token sale, investors are required to register on the platform and go through a whitelisting process. This process may involve identity verification procedures, such as Know Your Customer (KYC) checks, to ensure compliance with applicable regulations.
- Token Sale Event
The launchpad conducts the token sale event, typically in the form of a public sale or an auction. The platform handles the collection of funds from investors, either in cryptocurrencies or fiat currencies, depending on the specific requirements of the project.
- Token Distribution
After the completion of the token sale, the launchpad facilitates the distribution of tokens to the participating investors. The distribution process may involve automated mechanisms to ensure accuracy, transparency, and security.
- Community Engagement and Support
Launchpads often focus on community engagement and support to foster the growth and adoption of the project and allow the BRC-20 tokens to interact with the community, sharing updates, addressing concerns, and gathering feedback.
Lucrative Process Of Your BRC20 Launchpad Development
- Requirement Gathering: Our experts engage in thorough discussions with the client to understand their specific requirements and objectives for the token launchpad. This includes understanding the desired features, functionalities, target audience, and business goals.
- Platform Design: Based on the gathered requirements, the token development company proceeds with designing the architecture and user interface (UI) of the token launchpad. This includes creating wireframes, mock-ups, and prototypes to visualize the platform’s structure and layout.
- Development: We create a robust backend system to handle user registrations, authentication, data storage, and integration with external services. Our experts design and develop the frontend components using advanced tech stacks to result in a seamless and intuitive user experience.
- Test & Launch: We conduct rigorous security testing, including vulnerability assessments and penetration testing, to identify and mitigate potential security risks in your BRC-20 launchpad. Once the testing is done and the platform is smooth and ready for launch, it is deployed in the market.
INORU – Your Ideal Partner For BRC-20 Launchpad Development
The popular Bitcoin network has seen a huge spike in its market cap since the emergence of the BRC-20 tokens. As many new BRC-20 token projects start to rise, it is wise to commence your BRC-20 launchpad development. Partner with an industry-leading Launchpad development company like INORU to develop your BRC-20 launchpad with advanced features. With our cutting-edge tech stacks and expertise in the blockchain industry, our experts ensure to develop your high-standard fundraising platform for the BRC-20 token projects.
Get in touch with our experts to explore more about your venture!