Niubiswap is working on its Launchpad
Niubiswap’s Launchpad is a platform for Dex and yield farming protocols to launch their tokens, embedded with NIU token utility, pairs, pools and starting liquidity. There have been several Launchpad protocols that have been introduced into the crypto space recently, focused on providing crypto users with a space where they can discover and invest in legitimate projects as well as introduce these projects to a bigger audience.
The Niubiswap Launchpad is no different from these. However, it is focused on Dex space especially in the Asian community, to allow these groups of developers and founders an opportunity to benefit and offer solutions to the market.
How the Launchpad works
On Niubiswap’s landing page, people will be able to submit their ideas which will be voted on by the community in Niubiswap governance snapshot. Ideas with the most votes will be launched on the platform. The submissions will have details on the entire project in our snapshot, its importance in the market or solution, and why it deserves a spot on the Launchpad.
Niubiswap is a trusted platform whose mission is to help smaller companies to launch in a trusted network and community. Often times, many good projects fail to make an impact and attract funding because they lack association with large and well-known names in the crypto space. This results in the failure of otherwise revolutionary projects. Additionally, even those that manage to get funding can fail in future due to lack of the right direction and team.
By launching on Niubiswap, projects will have the opportunity to associate with well knowledgeable developers and team leaders in the crypto space, which will highly affect their future direction. Additionally, they are availed all the resources needed to launch in the market, something that will enable them to offer more to their communities.
A Launchpad is also beneficial to its users as it offers security and smart contract tests which are necessary to reduce bugs in the code. Projects are assured that investor funds will be protected, and that their system is strong due to these system checks by Niubiswap.
The projects to be listed on Niubiswap Launchpad will be voted on by community members in their snapshot. Therefore, submissions will need to adhere to all the set rules in order to attract support from the community. Projects with most votes or support will be accorded the first priority on the Launchpad.
Niubiswap token burning mechanism
Niubiswap is launching in a short period. It is seeking the support of the community to raise funds that will facilitate this process. Once enough money has been raised for the launch to take place, half of the tokens that will help launch this platform will be burned.
In such a launch, a project sells its tokens for a specified price, with a set target in place. Once the amount has been achieved, the launch is completed and sale finished. Therefore, half the NIU tokens bought from this launch will be burned.
Token burning is a practice that aims to increase the value of a token by reducing the number of tokens in supply. This can increase the demand for tokens, causing an increase in price. This exercise, combined with other token burning mechanisms by Niubiswap will greatly benefit the platform, its users, and value of NIU.