Over the last few years, the crypto industry has significantly increased its user base. According to one report, nearly 106 million people worldwide use cryptocurrencies, which is expected to rise in the coming years. Many believe that investing in early token sales is a better way to earn passive income than spending money on exchange platforms. This is because token-based crowdfunding campaigns have made it much easier for businesses to raise capital.
However, several projects that launch early token sales with IDOs struggle to find a Blockchain platform that can connect them with their target investors. This is where Solana, one of the fastest-growing Blockchain platforms, comes into play. This blog will outline the process of developing an IDO launchpad on Solana. But first, let’s examine why IDO launchpad development on Solana is a profitable investment for crypto enthusiasts.
Why is IDO Launchpad Development on Solana a Lucrative Business Opportunity?
With so many Blockchain networks in the crypto space that host crypto projects, finding the right one to launch an IDO could be challenging for aspiring entrepreneurs. The following are some important reasons why IDO launchpad development on Solana is a good business idea for enterprises.
Solana offers faster transaction speeds than other Blockchain networks, processing 5,000 transactions per second.
Solana’s transaction fee is very low compared to other Blockchain networks, making it an ideal platform for IDO launchpad development.
Solana was created primarily to host decentralized and scalable applications.
A Solana-powered IDO launchpad has a strict KYC policy to ensure that only verified investors can access the platform.
It allows for the integration of new crypto wallets and the use of existing crypto wallets within the launchpad.
Before investors can claim the IDO tokens listed in the Solana launchpad, the IDO tokens will be assorted instantly after the business project is opened for sale.
While the PoS consensus algorithm ensures the Blockchain’s security and environmental friendliness, the PoH consensus algorithm ensures the network’s efficiency and throughput rate.
Also Read: Top Profitable Cryptocurrency Business Ideas – Make Huge Profit In 2022
Key Steps in the Development of an IDO Launchpad on Solana
The following are some significant steps in the process of developing an IDO launchpad on Solana:
Step 1: Create a Whitepaper
A detailed whitepaper will make IDO launchpad development on Solana a simple task. If you need to raise funds at any stage of your business, an informative whitepaper could be invaluable.
Step 2: Find a Reputable Development Company.
Though the process of IDO launchpad development on Solana can be stressful for entrepreneurs, it is best to contact a top ido development company that provides advanced development services to its clients.
Step 3: Make Tokens
After hiring an experienced launchpad development company, you must begin the token creation process. You can also give it to the company and tell them what characteristics your tokens should have.
Step 4: Evaluation
Following the token creation completion, the critical testing step follows. You may require an efficient QA team to carry out the testing process with various test cases efficiently.
Step 5: Install your IDO launchpad.
After your requirements have been met, you can deploy your IDO launchpad on Solana.
Why Select Suffescom Solutions for IDO Launchpad Development on Solana?
Here are some of the main reasons why Suffescom Solutions is the go-to blockchain development company for businesses:
A Skilled Blockchain Expert Team
Suffescom Solutions has a skilled team of Blockchain experts who work tirelessly to provide its clients with the best IDO launchpad development services. From Ethereum to Solana, the team has extensive experience working on various Blockchain platforms.
Agreement on Confidentiality
Suffescom Solutions strives to build long-term relationships with its clients as a reliable development company. The company enters into a confidentiality agreement with its clients to prevent releasing any project-related information or ideas.
Also Read: How To Build An IDO Launchpad Like BSC Pad
Agile Development Methodology
The company employs an agile development approach to ensure project completion on time. Agility pervades our delivery processes, team composition, and individual skills, resulting in more cost-effective operations and a stronger focus on the customer.
Customer Service After the Launch
Following the official release of the IDO platform, you may encounter a situation where you must fix some bugs and errors. Suffescom Solutions also offers post-launch services to ensure the best possible experience for its clients.
Contact our subject matter experts to discuss your requirements for IDO launchpad development on Solana.