Avalaunch is one of the most popular launchpads available on the Avalanche network. Projects built on Avalanche can use Avalaunch to launch their token. So far, it is an ordinary launchpad. But how does Avalaunch differ from previous launchpads?

Launchpad is a platform for financing early-stage cryptocurrency projects from retail investors rather than funds. Investors have early access to unique product features as a reward for participating in an early-stage project launch.

First and foremost, unlike other launchpads, Avalaunch does not use a tiered structure. Users can contribute any amount of money. There is no minimum or maximum. Participants must stake XAVA, Avalaunch’s native token, to be allocated to presales.

Selling a blockchain project is challenging. However, the presence of a group with shared and matched priorities provides much-needed solace. This is what Avalaunch provides for developers and prospective projects.

Avalaunch is the Avalanche network’s initial launchpad, allowing for fast and safe decentralized fundraising for blockchain initiatives. In this article, we’ll explain the Avalaunch platform and the concept behind its features.

What is Avalaunch (XAVA)?

Every blockchain has its own launchpad, which focuses on the ecosystem’s growth and expansion. As the ecosystem expands, more launchpads will be required to serve the greater community. Users design Avalaunch for teams and use Avalanche’s scalable, high-throughput, and low-latency platform to help build robust communities.

Avalaunch is a DeFi launchpad that operates on the Avalanche network. The platform’s guiding principles are:

• Strong user experience.
• Everyone can participate in token sales, regardless of their initial stake.
• Rewarding long-term participants.

Avalaunch’s goals are well linked with those of early communities, providing them an excellent opportunity to expand their activities. Avalaunch is an Avalanche-powered launchpad that helps new and creative projects prepare for launch while prioritizing fair and widespread distribution.

Avalaunch reliably presents initiatives to knowledgeable users that are consistent with the long-term goals of the rapidly expanding application ecosystem. As the Avalanche ecosystem grows, the fundraising market is poised to explode.

Avalaunch Launchpad provides a win-win situation for both creators and investors. In this situation, developers launch their early-stage products on Avalaunch for public token sales at a reduced cost.

Conversely, investors can invest in blockchain enterprises at a minimal fee. Avalaunch gives developers the funding to continue developing and upgrading their protocols. Investors expect significant returns on investment (ROI) from their project shares.

Features of Avalaunch (XAVA)

Decentralized platforms must be faster and more affordable, alienating new and experienced investors. Few people are allowed to participate, and technical troubles are the norm. Avalaunch was created to address the current fundraising landscape’s pain points for investment. The protocol, developed with investors in mind, seeks to minimize competing platforms’ uncertainty, expense, and volatility.

Avalaunch wants to inform and encourage investors to engage confidently in sales. Following:

• High-level network security.
• A reasonable transaction fee
• High throughput
• An ideal social community for developers and investors.
• Near-instant finality.
• The fair token distribution mechanism
• A distinctive user experience.

What is the XAVA Token?

It is the principal utility token for Avalaunch. XAVA enables users to invest in the Avalaunch network to facilitate sales. According to Avalabs developers, tokens will be updated more regularly to reduce strain on holders.

As of the time of writing, the XAVA coin was trading at $0.5440. The 24-hour trading volume is $353,556. The XAVA token has a circulating supply of 37,492,938 and a maximum supply of 100,000,000. Based on the current token price, XAVA’s market cap is $20.4 million and its fully diluted valuation (FDV) is $54.4 million. It is currently ranked #3009 on CoinMarketCap.

Source: Forbes Digital Assets

Historical Avalaunch Price Information

How Does Avalaunch Work?

Investors and participants must own and invest XAVA in the Avalaunch to participate in the public token auction. Staking XAVA on Avalaunch yields extra XAVA token incentives. Furthermore, based on the size of the user’s XAVA investment, they are entitled to an allocation of launchpad projects in the Avalaunch. However, there is a limit on the number of XAVA tokens that customers can purchase.

When a token sale is advertised on Avalaunch, people are asked to register for it. Once the market is open, buyers typically purchase within 10–20 hours. Because projects vary on Avalaunch, the tokens may not be issued to users for up to a week. It can be done in small batches or as a one-time release.

The Avalaunch enables users to earn XAVA awards in two ways:

• Liquidity Provision
• Initial DEX offering (IDO) allocation via staking

When users stake XAVA, their tokens will get paid in four ways:

• Allocation in IDOs (Optional)
• Ecosystem rewards
• Deposit Fees
• Allocation Fees

Participating in IDO (Initial DEX Offering) on Avalaunch

What are the requirements for participating in the IDO on Avalaunch? Users must follow a few guidelines to join the IDO at Avalaunch. To participate in IDO, users must complete the following:

• Register on the Avalaunch website and verify identity
• Connect the cryptocurrency wallet to the website
• Buy and stake AVAX and XAVA tokens
• Choose IDO and register for it
• Redeem allocated funds

Step 1: Registration

First, the user must register at https://avalaunch.app. Click the Start the KYC Process button on the home page. This will open a form for logging in to the website.

Click “Create an account” to start the signup procedure. Users can register using their email address, Facebook, or Twitter accounts.

Step 2: Identity Confirmation

The next step is to confirm the registered user’s identity. This is vital because participation in IDO is only possible by completing the KYC procedure.

After the users have registered and logged in to the Avalaunch website, navigate to the KYC Status area of their account. To proceed with this procedure, click the “Start KYC” button.

Users will need to provide a copy of their identification document. This could be a driver’s license or a passport. As recommended, use a passport and take selfies with a laptop or smartphone webcam.

Step 3: Connecting the Cryptocurrency Wallet

Then, users must connect a cryptocurrency wallet to the Avalaunch website. Advocate utilizing an online wallet, such as MetaMask. Users may read a thorough evaluation of this wallet on the website.

To link a cryptocurrency wallet, click the ‘Link Wallet’ button in the upper-right corner of the website. Before connecting, select the Avalanche network in the cryptocurrency wallet settings. If the user doesn’t already have a network connected to their crypto wallet, add it manually using the following information:

• Network name: Avalanche Network
• New RPC URL: https://api.avax.network/ext/bc/C/rpc
• Chain ID: 43114
• Currency symbol: AVAX
• Block Explorer URL: https://snowtrace.io/

After connecting the wallet, the cryptocurrency wallet number will appear instead of connecting the wallet.

After joining, users must validate their cryptocurrency wallet. To do so, navigate to the personal account’s “Verify wallet” tab and click the appropriate button. Follow the directions on the screen; the wallet verification procedure will take a few seconds.

Step 4: Buy Token

After connecting the cryptocurrency wallet to the website, users must purchase the XAVA tokens required to participate in IDO. Users can purchase tokens on Gate.io.

Step 5: Token Staking

Before registering for the IDO on the Avalaunch platform, users must stake XAVA tokens on a dedicated page on the website. The quantity of tokens staked determines the size of the allocation.

Step 6: Participation in IDO

To register for an IDO, a stake of 1 AVAX is required. This amount is used as a deposit; if the user redeems their allotment after the IDO, it will be repaid. If the allocation is not redeemed, the token will not be returned.

The “Sales” page lists previous, current, and future IDOs. Clicking on a project title will bring up a list with a thorough project explanation. Clicking the “Register” button initiates the registration procedure. Once done, users must wait for the IDO to be completed.

Conclusion

Several blockchain networks have been repeatedly described as slow, expensive, and sophisticated. As a result, amateurs are frequently excluded from competition. Avalaunch differentiates itself from other launchpads since it lacks a user-tier structure. It has a fantastic UI that is simple and clear to use.

Avalaunch promises a frictionless decentralized fund drive launch pad that puts novices and professional developers on the same level.

Avalaunch not only attracts investors to high-potential projects, but it also provides much-needed funding for developers. Avalaunch, designed with developers in mind, is a competitively priced, fast, and secure solution.