Explore A Launchpad Feature In Extensive Detail
The 5 core features of the BitCityZ platform were explained in the previous article. Let's take a look at today's article to see how it might assist readers understand the concepts in the Launchpad feature more clearly and in details.
As mentioned before, BitCityZ Launchpad is a completely new feature integrated into the BitCityZ social network. This is a platform to help start-up projects on blockchain call for investment capital and reach users faster in the cryptocurrency ecosystem. What else can we learn more about this feature?
Launchpad Pass Ticket
In order to join IDO & IGO of BitCityZ Launchpad, user must own the Pass Ticket
STEP 1: STAKING BCTZ FOR PASS TICKET
To participate in the whitelist of projects on BitCityZ Launchpad, users have to own a Pass Ticket. By locking BCTZ for 7 days, the user gets a Pass Ticket relating to the number of locked BCTZs.
Lock BCTZ Waiting for 7 days countdown Get the Pass Ticket corresponding to the amount of locked BCTZ tokens (Exact numbers will be announced later)
There are three main levels of Pass Tickets:
Citizen
Elite
Mayor
The system will activate a 7-day Countdown for the process of hunting Pass Tickets according to the number of locked BCTZ tokens each time Lock BCTZ is selected.
STEP 2: USING PASS TICKET FOR WHITELIST SIGN UP
After completing Step 1, the user will use his/her Ticket Pass to register in the Whitelist of the project in which he/she wishes to participate. The Whitelist is divided into three levels, each of which relates to a different type of Pass Ticket: Citizen, Elite, and Mayor.
Each Pass Ticket can only be used once. The user's Ticket Pass will be lost as soon as registration is completed.
STEP 3: JOIN POOL
After successfully registering to the Whitelist, users will wait until the day the project opens for sale on BitCityZ LaunchPad to join Pool and can buy the project's tokens with BCTZ.
Users will be able to purchase new project tokens at various prices and quantities from each pool, which has multiple rankings (Citizen, Elite, and Mayor). Each project's pricing and quantity will be announced separately.
STEP 4: CLAIM TOKEN
Finally, following a successful purchase, the user must wait until the project's token is listed before claiming the token. Each project's exact time will be announced in detail.
Fundraising New Projects
Welcome to BitCityZ Launchpad, a platform designed to assist your project in distributing tokens to users. Our objective is to attract a high-quality user community to the project and to take care of marketing so that the project team can focus on product development and providing the best possible user experience.
What will BitCityZ Launchpad provide for the project?
We provide you with the most cost-effective consulting services for delivering tokens to the community.
The citizens of BitCityZ city will be informed about your initiative. They are both Traders and Experts in the field of cryptocurrency, and they are continually on the lookout for new projects.
Assist with marketing operations in the area, allowing the project to go further in the future.
BitCityZ is searching for project partners that can bring fresh ideas, experienced teams, and ground-breaking products to the table. Apply today if you believe your project is a suitable fit!
IDO in BitCityZ Launchpad
A BitCityZ Launchpad IDO is a fundraising method in which the IDO coin is issued via decentralized liquidity exchange.
A decentralized liquidity exchange is a type of crypto asset exchange that relies on liquidity pools with which traders can swap tokens.
Liquidity pools are pairs of crypto assets and stable coins. Traders can swap them between different crypto assets and stable coins based on market conditions. As the volatility of stablecoins is negligible, it offers a safe option for traders to manage the high volatility of crypto tokens and assets by swapping them with each other.
As a result, decentralized liquidity exchanges enable companies to launch a token and access immediate liquidity.
IGO in BitCityZ Launchpad
An Initial Game Offering (IGO) in BitCityZ is a fundraising event, usually carried out via crowd sale, for game industry projects and startups. It enables participants to obtain project tokens and other benefits such as receiving discounts on the game’s release or having access to special features from those who pre-register before it goes live.
IGOs tend to happen when the project in question needs funding in order for it to go live and be fully operational. For example, if someone has an idea for a blockchain-based social network, but the necessary software is not easy or cheap to develop, an IGO could raise that required capital.
Typically, these platforms can sell their tokens on cryptocurrency exchanges once they go live if demand warrants such an action. Even investors buy tokens purely based on speculation that they may become popular and increase in value later without actually using them within the platform itself.
Staking
If you're a crypto investor, staking is a concept you'll hear about often. Staking is the way many cryptocurrencies verify their transactions, and it allows participants to earn rewards on their holdings.
But what is crypto staking? Staking cryptocurrencies is a process that involves committing your crypto assets to support a blockchain network and confirm transactions.
It's available with cryptocurrencies that use the proof-of-stake model to process payments. This is a more energy-efficient alternative to the proof-of-work model, which requires mining devices that use computing power to solve mathematical equations.
Staking can be a great way to use your crypto to generate passive income, especially because some cryptocurrencies offer high interest rates for staking.
Benefits of staking
It's an easy way to earn interest on your cryptocurrency holdings.
You don't need any equipment for crypto staking like you would for crypto mining.
You're helping to maintain the security and efficiency of the blockchain.
It's more environmentally friendly than crypto mining.
Farming
Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means locking up cryptocurrencies and getting rewards.
In some sense, farming can be paralleled with staking. However, there’s a lot of complexity going on in the background. In many cases, it works with users called liquidity providers (LP) that add funds to liquidity pools.
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