The two Launchpad platforms with the highest recent popularity are undoubtedly buidlpad and Kaito 🔥
👇 Let me share my thoughts:
On buidlpad, many people say that Lombard's valuation is high and not worth participating.
But looking at Buidlpad's historical performance:
Past projects also had high valuations, yet they all managed to go live on Binance's spot market and had guaranteed profits from new listings.
This indicates that the buidlpad team:
🔹 Analyzes valuation/TGE
🔹 Understands the market price and TGE rhythm
🔹 Has the backing of exchange resources
🤦♂️ In contrast, the projects on Kaito's side:
Have launched a bunch of new projects, with unclear rules, and when project parties come in to raise funds, they ask for exorbitant valuations along with a lot of unlocking conditions.
Is the community not buying it? They immediately change the rules, lower valuations, and implement full unlocking, emphasizing that it's voluntary participation. They keep testing the community's bottom line, claiming it's respecting the community, but why didn't you respect the community when you set the price initially?
What's even more ridiculous is:
📌 Unclear new listing rules
📌 Unclear timelines, constantly changing
📌 Until now, there hasn't been a single project that has issued tokens, and they won't even tell you the token issuance time; anyway, once the money is in their hands, they act like they're the boss 🥲
On Kaito's side, it feels like they completely allow project parties to do whatever they want, with no restrictions on them, or they simply don't know how to run a Launchpad. Project parties set whatever price they want and determine the rules however they please. In the end, the project party gets the money, Kaito collects the fees, and whether the users can get their tokens is nobody's concern.
Come on, you are a new listing platform; the most important thing is the users, not the project parties. If you can't control the project parties, once two projects come out with no profits, the platform will die immediately.
In summary, I will continue to support Lombard. As for Kaito's projects, I will wait and see how the first one performs before making a decision.
After all, the tactic of "if you can't cut from the secondary market, just cut directly from the primary market" has been seen too many times ⚠️
Just look at the token price of $KAITO ; the market votes with its feet.