載舟覆舟！Crypto、PayPal走勢大相逕庭 比特幣是罪魁禍首

載舟覆舟！Crypto、PayPal走勢大相逕庭 比特幣是罪魁禍首

PayPal (PYPL-US) 和 Square (SQ-US) 都靠比特幣吸引顧客使用其 app 並維持其參與度，但兩家股價走勢卻大相逕庭，自從比特幣一個月前開始下跌以來，Square 股價就表現不佳。

如果加密貨幣持續熊市，兩家股價可能都會苦不堪言，但 Square 可能會面臨更多壓力，部分原因是該公司在散戶投資者中與比特幣的聯繫更為緊密。

兩種支付 app 都可輕鬆買賣和儲值加密貨幣，PayPal 在其 app 上提供數種加密貨幣，而 Square 只供應比特幣。這兩家作法像經紀人，賺取的是每筆交易的手續費和利潤。

來自加密貨幣的營收淨額並非其整體業務的大部分。MoffettNathanson 分析師 Lisa Ellis 指出，PayPal 今年營收約只因加密貨幣交易增加 2%，在營收總額 260 億美元中僅占 3 億至 6 億美元。

Square 第一季營收總額 51 億美元，其中比特幣營收 35 億美元。Square 的會計方式是：扣除購買比特幣的成本，在當季 9.64 億美元毛利總額中，只計入這些交易 7500 萬美元的毛利。

雖然加密貨幣的獲利非常微薄，但這兩家支付公司都將加密貨幣交易視為攏絡顧客並提高 app 參與度的一種手段。

Ellis 指出，「他們的加密貨幣用戶一天會多次打開 app 確認價格，這就讓公司有機會出售其他服務。」

Square 與加密貨幣聯繫更緊密，但部分原因是其創辦人兼執行長 Jack Dorsey 是加密貨幣狂粉，近日也曾在推特上表示，「比特幣使一切變得更好。」Square 過去幾季資產負債表上認列投資比特幣 2.2 億美元，現已對該投資進行減值。

加密貨幣低迷顯然對 Square 的影響更大。在過去的一個月中，Square 股價下跌約 17%，而 PayPal 股價僅下跌 4%。

但加密貨幣並非 Square 唯一苦痛來源，投資者逃離高倍數成長股的浪潮也重創 Square，反映投資者在價格上反映預期上升的通膨，這點會降低未來收益的現值。

根據未來 12 個月的估算，Square 現行股價是企業價值倍數 (EV/Ebitda) 的 113 倍，PayPal 則為 43 倍，對比其他同業如 Visa (V-US) 和 Mastercard (MA-US) 僅 27 倍至 30 倍。

Ellis 談到 PayPal 和 Square 時說，「他們是我兩家長期最愛的支付公司，但實際考慮上來說，機構投資者如果擔憂長期通膨，就會對這些高倍數股覺得反感。」

隨著比特幣價格的飆升，投資者也迷戀上這些股票，但水能載舟也會覆舟，如今比特幣和其他加密貨幣恐怕也是令他們憂心忡忡的原因之一。

週一美股普遍上漲，PayPal 週一上漲 2.58%，收 257.17 美元；Square 上漲 5.47%，收 210.95 美元。

Bitcoin’s volatility spawns new crypto alternative

Corporate treasurers fed up with rock-bottom returns on their cash are about to get another pitch from the world of crypto .

Circle Internet Financial Ltd., one of the digital-asset firms behind the so-called stablecoin dubbed USDC that is pegged 1-to-1 to the dollar, has cooked up an alternative for the legions too conservative to follow the likes of Elon Musk and Jack Dorsey into Bitcoin. Park your extra cash in USDC and earn as much as 7% annually through high-yield accounts, the marketing says – more than 10 times the return on an ultra-safe 1-year Treasury bill.

The idea may be appealing to some treasurers who were initially seduced by the big gains in crypto, especially following Bitcoin’s roughly 40% decline since mid-April. Stablecoins such as USDC are gaining increased attention because of their ability to maintain their pegs during the wild crypto price swings, suggesting they could actually serve as a store of value. Even so, not all long-term digital market observers are convinced.

“If companies wish to put their corporate reserves into a stablecoin and that is fully audited, it is like putting their money in a bank account which is what they normally do," John Griffin, professor of finance at the University of Texas at Austin, said in an email. “However, if the account is paying out a higher yield than bank account yields, then it is not merely invested in some risk-free asset."

Here’s how Circle’s program will work: Treasurers would open a “digital-dollar account" where the company’s fiat money is converted into USDC and interest is paid out in USDC. The yield is generated by Circle lending the digital dollars to a network of institutional investors that are willing to pay an interest rate for access to additional capital.

The companies would lock in their return when the account is opened, similar to a bank certificate of deposit. Circle plans to offer accounts with maturities ranging from one month to a year, with no early withdrawals allowed. Rates available will be updated on a weekly basis, depending on demand for USDC loans.

That’s a bit tamer than the strategy first highlighted last year by MicroStrategy Inc. Chief Executive Officer Michael Saylor, who advocated pouring company reserves into Bitcoin because he said the dollar is being debased by surging inflation. Musk’s February announcement that Tesla Inc. had added Bitcoin to its balance sheet helped fuel the rally that took the largest cryptocurrency to a record in April before it lost more than one-third of its value.

“Corporate reserves are not for investing in stocks, going to Vegas, or something more volatile and more rigged against you like Bitcoin," Griffin said.

With few companies outside the crypto realm following MicroStrategy, Tesla and Dorsey’s Square Inc. into Bitcoin, Circle hopes that stablecoins may be the next logical step. The company is working with Genesis Global Capital, one of the largest crypto lenders.

The service will be first made available in the U.S. and Switzerland, and will launch “imminently," Jeremy Allaire, Circle’s CEO, said in an interview. Thousands of businesses are already on the waiting list, according to Circle.

“We are seeing the opportunity for the treasury use-case grow a lot," Allaire said.

Other providers of stablecoins are rolling out similar offerings. On May 26, Gemini exchange – the brainchild of the Winklevoss brothers – said investors can earn up to 7.4% annually on Gemini dollars through a program called Gemini Earn. The Gemini token is also pegged to the dollar and its reserves are held with State Street Bank and Trust, the largest financial custodian in the world. Each month, the dollar deposit balance is examined by BPM LLP, an independent registered public accounting firm.

USDC reserves are attested to monthly by accounting firm Grant Thornton LLP and published online.

Various small crypto lenders already offer yield accounts for different coins, including less regulated stablecoins like Tether.

For these products, “appropriate users would be people who invest in junk bonds or similar risky lending," said Aaron Brown, a crypto investor and writer for Bloomberg Opinion. “It might offer a better risk-adjusted return than alternatives. . . or not. But whatever it is, it’s not a savings account in the way most people understand that term."

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

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Top 6 Crypto Launchpads in 2021

Top 6 Crypto Launchpads in 2021

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@ haroonbaig Haroon Baig 👋 I write fluff-free & engaging content in crypto space, ECDSA to zk-SNARKs, Bitcoin to Polkadot, DeFi to NFTs 👨‍💻

There is one universal truth in the crypto space - whoever gets in early, wins!

Crypto aggregators list projects when they get significant amounts of traction. Discovering and identifying projects when they are at an early stage is very difficult. Missing out on those projects means you’re leaving out massive returns on the table.

Is there a platform or an aggregator to discover early-stage crypto projects before they get to the mainstream? Absolutely, and we call them Crypto Launchpads. Think of these platforms as AngelList crypto.

Crypto launchpads have been gaining tremendous amounts of attention. They allow you to identify early-stage crypto projects and participate in their presale rounds. They also have a vetting process in place to avoid scams and rug-pulls, so you can invest with peace of mind without worrying about losing your hard-earned money.

In this guide, we will be discussing some of the most popular crypto launchpads that are available today.

Let’s dig in!

Binance is the leading cryptocurrency exchange and fastest-growing trading platform based on trading volumes. Launched in 2017, Binance, as a platform, has not limited itself to just being a cryptocurrency exchange. Instead, it has expanded into a complete ecosystem for all kinds of crypto services as it establishes a strong foothold in the fastest-growing sector.

The platform is lauded for its contributions to the DeFi industry and crypto ecosystem through its native token launch platform, Binance Launchpad. Binance Launchpad functions as a token launch platform that facilitates early-stage crypto projects to raise funds using IEOs.

Binance Launchpad is known as the first successful example of a crypto launchpad. With numerous successful projects under its belt, Binance has raised millions of dollars for upcoming and promising projects such as BitTorrent, Injective Protocol, and PancakeSwap.

Projects powered by the Binance Launchpads have seen significant growth in their numbers, reach, and success because the platform offers their IEO tokens to the 13 million active users on Binance exchange.

Binance Launchpad isn’t just a platform for putting up tokens for sales; instead, it also serves as an advisory service for upcoming projects. Binance helps streamline, motivate, and mentor upcoming crypto projects with their experience and insights.

Binance ensures the projects can access the best mentorship and marketing services so they can focus on the most critical developmental and technological aspects of the project.

Note that projects listed on Binance Launchpad aren’t just your usual projects. These projects are survivors of Binance’s rigorous review and verification processes, where Binance determines if the project is up to its standards.

Some of the factors that Binance factors in for the upcoming projects include:

Promising project development roadmap

Potential for large-scale adoption

A dedicated and experienced team

Ability to benefit the expansion of a broader crypto ecosystem

Once projects go through a selection process, they get featured on the Binance Launchpad to over 13 million active users on Binance who may be interested in participating and investing in the project’s token offerings.

Moreover, before investing in any project, users can do their own research via the platform’s research portal, Binance Research, where they can find all the key details of the project like:

Project metrics

The team behind it

Tokenomics

Overview and use-cases

Roadmap, updates, and business development

Updated development progress

Activity and a community overview

Community and social channels

All users have to do is complete their Binance verification processes. Binance ensures that tokens are sold in compliance with regulatory requirements.

A promising new entrant to the launchpad space, Red Kite is a platform where they launch hand-picked projects and allow investors to participate in a transparent and assured token sale process.

There are two main reasons why promising crypto projects can’t raise enough capital, i.e., poor marketing and investor’s fear of scams. Americans have lost a little over $80 million in crypto scams since October 2020, a 1,000% increase from 2019.

If we look at the other side of the picture, promising crypto projects can’t be discovered by retail investors, which is a big reason why they end up investing in rug-pulls or exit scams because they had better marketing and discovery.

Unlike other crypto launchpads, the Red Kite launchpad aims to solve these problems with its unique approach for investors and those crypto projects that are struggling to raise capital.

For crypto projects - RedKite is backed by the community, influencers, and marketing partners to help your project get in front of the investors.

For investors - All the crypto projects on the Red Kite launchpad are hand-picked, and they go through a very rigorous vetting process to enhance investors' confidence and protect their interests.

Red Kite aims to become a safer platform where investors can select the hand-picked and vetted projects without worrying about a rug pull or an exit scam. This doesn’t end here; Red Kite launchpad offers distinctive features that differentiate it from the rest of the ecosystem players.

Multi-chain support - Red Kite supports both Ethereum and BSC pools out of the box. It will soon support Polkadot and become the first launchpad on the Polkadot network with flexible pool types and whitelist conditions.

Tier and Reputation - One of the biggest problems in any pre-sale round of a token is price manipulation. Red Kite launchpad has a tier-based reputation system that monitors each participant’s behavior and assigns reputation points. Any malicious activity will affect the participant’s reputation and his ability to participate in the subsequent launches.

Fairness - If you have participated in an ERC-20 token pre-sale, you might have heard the term ‘gas war,’ where participants bid higher gas prices to discourage small investors from participating in the pre-sale. Red Kite launchpad has implemented a lane-based swap system that allows each participant to get an opportunity to join based on their tier.

Integrated vesting schedule - Unlike other launchpads, Red Kite launchpad has a distribution portal that will allow projects to vest their tokens in pre-sale or post-sale secondary offerings.

Parachain Crowdloan - Red Kite launchpad will fully support crowdloan campaigns to secure parachain slots on Kusama and Polkadot. Projects will be able to collect DOT or KSM tokens to win the parachain auction.

Red Kite is part of the PolkaFoundry ecosystem and supports the platform’s native PKF token as a utility token. Investors have to hold PKF tokens to participate in the token sale rounds on the Red Kite launchpad.

Red Kite launchpad now fully supports Coinbase Wallet and BSC Wallet and has integrated Blockpass to secure the KYC process. This is just the beginning for Red Kite, and it aims to evolve from just being a launchpad to offer a full suite of DeFi services in the future.

TrustSwap is often lauded to bring the evolution of Defi transactions as it solves major issues with subscriptions, split payments, and cross-chain token swaps. TrustSwap initially emerged as a trustless P2P escrow service that expanded its vision to incorporate some of the most revolutionary services in the blockchain into the DeFi ecosystem through smart contracts.

TrustSwap aims to promote the mass adoption of DeFi products by introducing Decentralized Subscription and payment models, cross-chain and multi-currency support, and trustless escrow and split payments through smart contracts.

Moreover, TrustSwap continues to expand and contribute to the TrustSwap ecosystem by introducing its native project launchpad, called TrustSwap Launchpad. The TrustSwap launchpad is a full-service launchpad for emerging crypto projects that want to utilize the security, trustless-ness, and sustainability.

TrustSwap has engineered a committed community around its ecosystem. It allows users to stake a minimum of 4,000 SWAP tokens, the platform’s native token, to gain early access to promising crypto projects.

Trust Swap aims to mitigate immediate sell-offs and rug-pulls after token launches through its token lock-up mechanism called the SmartLaunch toolkit. The SmartLaunch toolkit is a customizable, full-audited service that locks up tokens for the team, developers, and early adopters until a certain development milestone or waiting period is achieved.

The SmartLaunch system gives all parties, including investors and the team behind the project, a sense of security and confidence that nobody will put each other under the bus. Moreover, it holds the development team accountable to their community through its decentralized split payment and escrow service with respect to concrete achievements.

Projects selected by Trust Swap gain access to an avenue of benefits such as large-scale publicity, trust from the community, marketing support, and visibility. Since its launch in September 2020, Trust Swap has raised over $20 million in funding for various emerging crypto projects. These projects include the likes of Chain Games, Glitch Finance, SOTA, and BitCashpay.

Established in late 2020, Polkastarter is undoubtedly one of the more recent additions to the list. The Polkastarter platform has a lot of promise considering it attracted over 200,000 enthusiastic investors.

Polkastarter is an upcoming decentralized exchange built on the Polkadot network for token pools and auctions. Polkastarter serves as a decentralized crowdfunding launchpad for early-stage crypto projects to raise capital, increase outreach, build a dedicated community, and gain access to the platform’s benefits.

Polkastarter is established on highly interoperable Polkadot network. It is benefits from all the features of Polkadot, including the liquidity of Ethereum and other leading crypto projects. A lot of this platform’s potential attributes to its cross-chain development. The Polkastarter platform is designed to enable projects to launch their own interoperable token pools.

Given that leading platforms such as Ethereum and Bitcoin still struggle with network congestion, the Polkadot ecosystem and the Polkastarter platform can be very rewarding and beneficial for upcoming projects.

Polkastarter is developed with familiar auction systems such as sealed-bid auctions, dutch auctions, and dynamic and fixed ratio swap. Other features include password-protected private pools, whitelisting, smart contract token swaps, and price alerts, which helps Polkastarter stand out as a unique platform for upcoming projects.

Moreover, the Polkastarter protocol is entirely decentralized. The platform is open-source and has a permission-less environment. This means that any developer can integrate Polkastarter’s core framework into their own project to create and hold fixed token auctions.

Polkastarter also has a native utility token called the POLS token. Users can use the POLS tokens to pay for transaction fees and participate in the governance through Polkastarter Council for Governance. To promote a user-friendly and rewarding ecosystem, Polkastarter allows users to earn rewards by staking POLS tokens and gain early access to upcoming token pools through staking.

However, note that users must provide liquidity before they can stake their POLS tokens and earn rewards. Polkastarter aspires to be the largest decentralized token launch pool and auction platform in the market; therefore, it aims to develop a tokenomics structure catered to handle a level of global volume by offering exclusive incentives and rewards to its users for providing liquidity to upcoming token pools.

Polkastarter plans to reward liquidity providers in POLS tokens every week, relative to the percentage of the pool they have provided liquidity to. Note that the rewards will appear for 24 hours so users can claim their rewards. However, if users fail to collect their rewards within 24 hours, their rewards will be redistributed later.

SpiderDAO, MahaDAO, Kambria, Fire Protocol, and Exceedme are some of the top-performing launchpad pools on Polkastarter. Interestingly, these token sales sold out in minutes.

Unicrypt is another budding blockchain platform that aims to create the best possible environment for liquidity providers by emphasizing users’ trust. Similar to Polkastarter, Unicrypt was introduced to the crypto space in late 2020. Unicrypt envisioned launching an autonomous platform that would help emerging projects benefit from the exclusive features and a broader community.

Through experiencing, observing, analyzing, and inclusively studying the hardships early-stage crypto projects face, Unicrypt found that most projects lack proper support, funding, and promotions. Therefore, Unicrypt plans to solve these issues by serving as a platform that enables any project to host a presale.

Most centralized and decentralized exchanges hold rigorous verification processes that can be very hard to pass. Projects have to match several factors on various exchanges. These are not limited to but include project history, existence, potential in the crypto market, feasibility, possibility for adoption, post-launch analysis, and more. While these processes and thresholds may be necessary; however, they can be intimidating for younger projects.

Launching on Unicrypt is relatively straightforward. For a project to list its token on Unicrypt, it has to launch its token and set a soft and hard cap. Furthermore, the project can later specify the rounds for its presale; note that the launchpad has a maximum of two rounds. After the project has launched its token and specified the rounds for its presale, it will specify the currency it prefers to raise with USDC, USDT, DAI, ETC, among several others.

Note that the first round of the presale is exclusively available for Unicrypt’s native token holders: UNCX or UNCL. Typically these token pre-sales often end within minutes. However, users must hold $500 of native tokens to participate. The second round is inclusive for anyone, although project teams can specify a whitelisted address list.

Moreover, another important point to note is that projects launching their tokens must lock a minimum of 30% of the liquidity on Uniswap. However, it is advised that platforms lock more than the minimum requirement.

Unlike other centralized or decentralized launchpads, Unicrypt offers an entirely autonomous option that emphasizes inclusivity, simplicity, and fairness and gives investors a platform to access exclusive and upcoming crypto projects.

DuckStarter by DuckDAO

DuckDAO is a one-of-a-kind incubator for digital assets backed by an enthusiastic community. The decentralized incubator allows upcoming projects to benefit from the community’s investment power and buzz-making potential to reach its maxim potential.

DuckDAO plans to source and secure potentially lucrative investment opportunities for its community by democratizing the early-stage investment space in the crypto ecosystem. DuckDAO’s model is unique when it comes to launchpads. It serves as a decentralized venture capital investment platform, where users have to hold the platform’s DuckDAODime, also known as DDIM, to gain access to upcoming and emerging projects.

By holding the platform’s native tokens, users can gain access to many exclusive communities, where they can benefit from the deals. Since DuckDAO is powered by its community, it allows anyone to invest in budding early-stage crypto projects and share a hand in its development by helping it with user acquisition and marketing processes.

Moreover, DuckDAO aims to cultivate long-term partnerships with the projects it hosts on the platform. DuckDAO aims to work with its partnered projects from the beginning until they’re listed on an exchange. Projects can benefit from marketing, veteran advice, and various listing services that will surely help the project catalyze its growth and success.

Additionally, DuckDAO also plans to assist hosted projects with various social media strategies, OTC sales, and community sales to ensure projects can establish a healthy and natural growth.

However, note that for projects to be listed and hosted by DuckDAO, they have to go through the platform’s due diligence checks to ensure they meet their standards and stand an excellent chance of success with the community’s help.

Besides DuckDAO, the platform is also home to a public token launchpad called the DuckSTARTER. DuckSTARTER seeks to act as the final step between upcoming crypto projects and the community before the project is publicly listed. Users can contribute to the project in either USDC or ETH, according to the project’s requirements. Moreover, DUCK token holders can also participate in the project’s token sales before it’s publicly listed.

DuckSTARTER ensures all participants get an equal chance of success in acquiring an investment allocation. Announced this year, DuckSTARTER saw a lot of success. Interestingly, projects launched through the platform have seen impressive numbers, with projects such as Shadows generating a maximum return of 42.9x for participants. Currently, DuckStarter is based on the Ethereum blockchain; however, it plans to expand to the Polkadot ecosystem and benefit from faster and cheaper transactions in an interoperable environment.

Wrapping Up

Discovering and identifying promising early-stage projects in the crypto space is a big deal! The fact that investors lose hundreds of millions of dollars every year to scams is a clear indication that money is always there in the market, but it just flows in the wrong direction.

Crypto launchpads are unique ecosystem players that bridge the gap between investors and promising early-stage crypto projects, bringing immense value to the overall crypto ecosystem.

Happy investing!

Over and out!

Haroon

@ haroonbaig 👋 I write fluff-free & engaging content in crypto space, ECDSA to zk-SNARKs, Bitcoin to Polkadot, DeFi to NFTs 👨‍💻 by Haroon Baig Get in touch!

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