TOP 5 Potential BRC 20 Launchpad Platforms

BRC 20 is one of the trends driving the entire Crypto market to grow strongly and projects launching separate Laucnhpad platforms for BRC 20 projects are gradually appearing. In this article, everyone will join us in learning about the TOP 5 potential BRC 20 Launchpad platforms both now and in the future.

TOP 5 Potential BRC 20 Launchpad Platforms

BakerySwap – Platform that promises to launch potential BRC 20 projects

When it was first born in May 2021, BakerySwap is a project operating in two fields including DeFi and NFT with diverse products including:

• Swap: Users can buy, sell and trade through BakerySwap’s AMM product.
• Farming: Users can provide liquidity and Farming based on LP Token.
• NFT Marketplace: Users can buy, sell, list, and manage their NTF assets.
• Bakery Gallery: Is where users can release their NFT collections.
• Launchpad: BakerySwap is also a Launchpad platform for potential projects on the BNB Chain ecosystem.
• Game Boxes: A game that combines Alien Worlds, My Neighbor Alice and Battle Pets.

On December 11, 2023, BakerySwap officially launched the Bitcoin Cats project Launchpad – Metaverse project on the Bitcoin network, marking BakerySwap’s transition to the Bitcoin Ordinals market and it immediately created a buzz.

Although only calling for about 320 ETH, equivalent to about $650K (at the time of calling for capital), BakerySwap’s total pool earned up to $80M, about 11 times more. In fact, although Bitcoin Cats does not have a product yet, it is said to be backed by Binance Labs.

Just about a week after BakerySwap continued to launch Launchpad, the next project is BitLand – the Metaverse platform combined with AI on the Bitcoin ecosystem. BitLand is also rumored to have Binance Labs backing it. Currently, BakerySwap is interacting a lot and deeply with the first two projects, Bitcoin Cats and BitLand.

To participate in BakerySwap’s Launchpad you need to prepare some assets such as:

• Tokens definitely need: BAKE.
• Tokens depend on the network: BNB, ETH or BTC.
• Partner token: 1CAT

Bounce Finance – First BRC 20 Launchpad

Bounce Finance is a decentralized auction platform that combines many different elements such as Liquidity Mining, Gorvernance and Staking for assets such as Coin/Token and NFT. For assets like Coin/Token, Bounce Finance has many auction forms such as Fixed Swap, Sealed bid Auction, Dutch Auction. For NFT assets, there are forms such as NFT Sealed Bid Auction, NFT English Auction, NFT Dutch Auction.

By November 2023, Bounce Finance entered the Bitcoin Ordinals market. The first buzz that Bounce Finance created was that the first project to be auctioned was Multibit (MUBI) with an ROI of up to 1000 times, the next project was BitStablec (BSSB) with an ROI of up to 30 times and the third project was GoDID. (BDID) with up to 10x ROI.

The first 3 projects made Bounce Finance’s name. However, later projects on Bounce Finance all have decreasing ROI.

Turtsat – Native Launchpad on the Bitcoin network

Turtsat allows projects to apply for funding from the community through its website. These user grants will help projects gain financial resources and first users to begin development. In addition to building Public Donation Protocols, Turtsat also develops various open source infrastructure products to promote the development of Bitcoin Ordinals and DAOs based on TURT holders. .

Let’s take a look at the ROI of projects that have called for donations on Turtsat including:

However, only the first two projects deployed on Turtsat, Chamcha and MultiBit, are publicly open for everyone to participate. In later projects, most of them are deployed in the form of Alpha Whitelist and Beta Whitelist, which means that users who want to participate must do activities on the platform such as:

• Alpha Whitelist: To receive the Alpha Whitelist slot, users are required to participate in TURT staking to earn EGGS. This EGGS will be exchanged for Alpha Whitelist tickets.
• Beta Whitelist: Is a list of sources given by the project.

Dego Finance – The project on BNB Chain continues to encroach on BRC 20

In the past Dego Finance is an NFT platform that allows users and creators to issue, auction, and trade NFT collectibles. Immediately upon launch, DeGo determined the multichain direction to platforms such as Ethereum and Polkadot to have more users.

DeGO Finance itself also has the ambition to build DeFi products such as DEX, Lending & Borrowing,…

In the last days of December 2023, DeGo announced the launch of the BRC 20 Launchpad platform with some of the first features such as:

• Users are required to stake DEGO to participate in BRC 20 Launchpad and the minimum amount is 200 DEGO.
• There will be many different Tiers such as 200 – 500 (V1), 500 – 1000 (V2), 1000 – 2000 (V3), 2000 – 5000 (V4) and more than 5000 (V5). V1 will receive 5% of the total amount of Launch Tokens, V2 is 10%, V3 is 15%, V4 is 20% and V5 is 50%.

At the time of writing, Dego Finance has not yet deployed any Launchpad projects, but DEGO has increased from $1.82 to $4.5 and the price at the time of writing is about $3. This means that if participating at the lowest level, users will have to spend $600 to own 200 DEGO and the highest is $15,000. In my opinion, the conditions that Dego Finance is setting are too high and may not be effective if the platform’s first project does not have an ROI of several dozen to several hundred times.

In my opinion, the game on Dego is not too fair when V5 accounts for 50% of the entire token sale.

Hooked Protocol – Follow the trend

In the context of a constantly changing market, Hooked Protocol has launched the upgraded version Hooked 2.0 and one of the main products is Hooked Protocol. Hooked Education Launchpad with some basic goals as follows:

• Focus on fairness and empowering users who hold HOOKs.
• Building BRC 20 Launchpad in line with the trends of the Bitcoin ecosystem.
• During the first launch, users just need to stake HOOK to receive the project’s tokens at no cost.

Hooked Protocol immediately announced the first project to be deployed Launchpad on Hooked Education Launchpad with the following conditions:

• Lock HOOK for 30 days to receive TUNO (BRC 20 project launched by Launchpad).
• Betting limit: 20,000 – 200,000 HOOK
• Time: 8:00 p.m., December 28, 2023

It can be seen that to participate in Hooked Protocol’s Launchpad, users must hold a minimum of 20,000 HOOKs with the price at the time of writing being $1.3, the total amount players want to participate in is $26,000. A huge number for any individual investor. I believe that this factor will make Hooked Protocol’s Launchpad very few people participate and pay attention.

Will the above number be reduced to a few hundred HOOKs in the future?

Comments on BRC 20 Launchpad Projects

Up to now, the easiest platform to participate in is still BakerySwap – where users can deposit assets into the pool and then receive tokens according to the percentage of the pool they contribute. As for projects like Dego Finance, especially Hooked Protocol, it will be very picky for users to participate because the conditions are too high while the numbers in the past are not available.

For those of you who have time and are diligent, you can search for Whitelist or Beta list on Turtsat.

There is an issue that everyone needs to pay attention to: there will be many old projects branded as BRC 20 Launchpad to have bad actions with investors.

Summary

BRC 20 Launchpad is bringing huge profits to participating investors. Hopefully through this article, we will share with everyone the TOP 5 potential BRC 20 Launchpad platforms both now and in the future.