The crypto industry has witnessed a steep rise in its user base over the past couple of years. According to a report almost 106 million people around the world use cryptocurrencies and this number is expected to grow in the coming years. In the current scenario, many people consider investing in early token sales a better way of earning passive income than spending their money on exchange platforms. This is because token-based crowdfunding campaigns have made it quite easier for businesses to achieve success in capital raising.
However, several projects that come out with their early token sales with IDOs find it difficult to pick a Blockchain platform that can take them to their target investors. This is where one of the fastest-growing Blockchain platforms named Solana comes into the picture. In this blog, we will briefly explain the process of IDO launchpad developmenton Solana. But before moving any further, let’s understand why IDO launchpad development on Solana is a profitable investment for crypto enthusiasts.
Why is IDO Launchpad Development on Solana a Profitable Business Idea?
With countless Blockchain networks available in the crypto space that host crypto projects, finding the one for launching an IDO could be a challenging task for budding entrepreneurs. Below listed are some crucial reasons why IDO launchpad development on Solana is a good business idea for enterprises:
When compared to other Blockchain networks, Solana offers higher transaction speed and processes 5,000 transactions per second.
The transaction fee on Solana is very low as compared to other Blockchain networks which makes it an ideal platform for IDO launchpad development.
Solana is developed mainly with the purpose to host decentralized and scalable applications.
A Solana-powered IDO launchpad follows a strict KYC policy to make sure only verified investors are allowed to enter the platform.
It enables the integration of new crypto wallets and the utilization of the existing crypto wallets within the launchpad.
The IDO tokens listed in the Solana launchpad will be assorted instantly after the business project is opened for sale before the investors could claim the IDO tokens.
While the PoS consensus ensures the security and environmental friendliness of the Blockchain, its PoH consensus algorithm ensures the network has higher efficiency and a higher throughput rate.
Key Steps Involved in the process of IDO Launchpad Development on Solana
The following are some significant steps involved in the process of IDO launchpad development on Solana:
Step 1: Frame a Whitepaper
Having a detailed whitepaper will make IDO launchpad development on Solana a hassle-free and convenient task. An informative whitepaper could prove vital in your venture if you need to raise funds in any phase of your business.
Step 2: Hire a renowned Solana Development Company
Though the process of IDO launchpad development on Solana could be hectic for entrepreneurs, it is advisable to get in touch with a top Solana development company that serves its clients with advanced Solana development services.
Step 3: Create tokens
After hiring an experienced Solana Blockchain development company, you must start with the token creation process. You can also assign it to the company and inform them about the traits your tokens should hold.
Step 4: Testing
Once you’re done with the token creation, the crucial step of testing comes next. You may need an efficient QA team to carry out the testing process conveniently with various test cases.
Step 5: Deploy your IDO launchpad
After the testing is done and all your needs are satisfied, you can deploy your IDO launchpad on Solana.
Why Choose Antier Solutions for carrying out IDO Launchpad Development on Solana?
Here are some prominent reasons that make Antier Solutions the go-to Solana Blockchain development company for enterprises:
Skilled Team of Blockchain Experts
Antier Solutions boasts a skilled team of Blockchain experts that works dedicatedly to provide its clients with the best-in-class IDO launchpad development services. From Ethereum to Solana, the team holds sheer expertise in working on multiple Blockchain platforms.
Being a trustworthy Solana development company, Antier Solutions strives to build long-term relationships with its clients. The company signs a confidentiality agreement with its clients to prevent the release of any information and ideas related to the project.
Agile Development Process
The company implements an agile development approach to provide on-time delivery of projects. Agility permeates our delivery processes, team composition, and an individual’s skills resulting in cost-effective operations and enhanced customer orientation.
Post-Launch Customer Support
After the official release of the IDO platform, there may arise a situation where you have to fix some bugs and errors. To provide its clients with the best experience, Antier Solutions also provides post-launch services.