What is a Token Launchpad?

A token launchpad is a platform that helps a project launch and distributes its token to the public. It is typically used by blockchain projects to raise funds for development by selling tokens, which are usually based on a blockchain like Ethereum, BNB Chain, Solana, etc. The token launchpad usually provides a user-friendly interface for participants to purchase the tokens using cryptocurrencies, such as Bitcoin, Ether, and Stablecoins. The token launchpad may also provide additional features, such as the ability…