Knowledge

Top 13 Main IDO Platforms on Solana

IDO launchpads can pose an attractive solution since they allow participants to gain access to often highly sought-after projects before they list on public exchanges. This, therefore, allows participants to enter at the lowest possible price and benefit from the maximum return. 

However, the launchpad space is getting crowded. Not all launchpads are always able to secure high-quality projects for their participants. As a result, launchpad selection is a challenge in and of itself — particularly when it’s not possible to participate in multiple options. 

Which Are The Best IDO Platforms on Solana?

1. Solanium

Solanium is an IDO platform that organizes fund-raising events for new projects. On the Solanium platform, investors can participate in the public token sale of projects to earn maximum profits with minimum risks.

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How does Solanium work?

Solanium is a launchpad using the tier system that requires users to hold xSLIM tokens to participate in IDOs. xSlim token is the non-transferrable governance token of the platform.

To earn xSlim, users have to stake SLIM-LP or SLIM tokens for a specific lock-time (maximum 1 year). SLIM tokens are the Solanium utility token and it has a 1x multiplier in the stake pool.

SLIM-LP tokens are rewarded to Liquidity Providers in the SOL-SLIM Pool on Raydium. The LP token represents the proportional share of LPs in the total liquidity on Raydium.

With SLIM-LP tokens, holders are offered a 2.5x bonus multiplier (weight) while staking SLIM is only a 1x multiplier. However, there’s a risk of Impermanent Loss, which should be put into consideration before providing liquidity.

  • If holders stake their tokens ahead of time, they can earn some bonus xSLIM tokens. Moreover, staked tokens can only be withdrawn when the chosen lock-time has ended.
  • If tokens are staked for the maximum 1 year period, the reward ratio will be 1:1. This means 1 staked SLIM = 1 xSLIM and 1 staked SLIM-LP = 2.5 xSLIM. And the rewards will incline as the lock-time gets shorter.

Tier 1, Tier 2, and Tier 3 have the lottery ticket system, which means participants are not guaranteed to be in the token sale but they are randomly selected. The more tickets participants have, the higher the chance they win a token allocation. Tier 4 and Tier 5 are guaranteed allocations that benefit investors the most.

Solanium has the Fee Distribution mechanism that incentivizes xSLIM holders with platform and pool fees. To clarify, 2% of projects’ raised funds will go to xSLIM holders and 2% of IDO tokens will be transferred to the Governance Treasury of Solanium. The treasury is governed by xSLIM token holders. If there are remaining unsold tokens, the project will decide to distribute them via airdrop, second round, or FCFS, etc.

Backers

Solanium is backed by multiple big Venture Capitals as in the following picture.

2. AcceleRaytor Raydium Protocol

AcceleRaytor will serve as a launchpad for the latest Solana projects to raise capital and drive initial liquidity in a decentralized and interoperable manner while enabling both project and Raydium communities to participate in carefully curated and vetted token offerings.

Our vision for Raydium has always been to play a key role in driving liquidity and expanding the ecosystem. With so many talented teams emerging, there’s an opportunity to really accelerate project growth through enabling teams to raise funds, drive awareness, and launch an Initial DEX Offering (IDO) all in a streamlined, end-to-end process.

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Participation & Pool structure

Initially, there will be two types of pools available for each AcceleRaytor launch project; Community Pools and RAY Pools. This two-tiered approach is meant to provide the wider community with open access to early-stage projects while also rewarding the support of the Raydium community.

1) Community Pools are meant to be open to the wider community. While participation and eligibility may depend on project requirements, the purpose is to make these open to the ecosystem regardless of whether or not you’ve ever used Raydium.

2) RAY Pools will be open to users who stake RAY tokens on the Raydium platform. To qualify, participants will need to have a minimum number of RAY staked in the RAY staking pool on Raydium. Snapshots will be taken starting 7 days from the opening of a pool and continue until the pool opens. The minimum staking amount for the first batch of AcceleRaytor projects will be 20 RAY, however, this may change in the future. Similar to the Community Pool, participation and eligibility may depend on project requirements.

Token allocations for eligible participants will be aligned for each project, however we aim for launches to provide allocations for as many participants as possible. Methods may differ between projects, but the two primary allocation models are:

1) Guaranteed proportional model: All participants who contribute within the open time period of the pool receive an allocation proportional to their contributed funds as a percentage of total funds contributed. In the case that total funds exceed the max cap of the pool, additional funds will be returned.

2) First come first serve model: All participants are able to contribute until the pool reaches the total max cap for funds.

The majority of pools will have a maximum allocation per participant.

The next step: IDO launch & LP rewards

In addition to allowing projects to raise funds through AcceleRaytor, Raydium will work alongside the project teams to launch a successful IDO through Raydium liquidity pools. The ability to quickly and efficiently launch allows the community to begin providing liquidity and trading the project token very shortly after Community and RAY pools are complete. Projects are also able to offer LP farming rewards for liquidity providers immediately after the token IDOs on Raydium.

Imagine getting into an early stage project at a presale price, then being able to trade or stake your tokens for even more rewards almost immediately!

Future Momentum

The AcceleRaytor system, which includes the Community and RAY pool process, will allow projects to accelerate their reach and pace of development, while the potential to quickly IDO and offer LP rewards opens up even greater opportunities for the entire project community. While each launch may look a bit different and structure will be refined as we move forward, we’ll be working hard alongside our partner projects to drive the acceleration of the entire ecosystem!

Backers Raydium

Updating…

3. Sphere

A renowned player in the crypto launchpad arena, Sphere stands as a beacon of community-centric innovation, boasting a robust multi-chain platform that has facilitated the launch of dynamic projects for over two years. Focused on fostering fair and decentralized fundraising opportunities, Sphere has garnered significant attention for its track record of success.

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Outstanding achievements

Among its notable achievements, Sphere has orchestrated successful fundraising rounds for a diverse array of projects, ranging from modest ventures to those commanding up to $1 million in investment. In total, Sphere has marshaled over $4 million in funding for projects that have chosen to conduct their IDOs through its platform, underscoring its prowess in capital formation within the blockchain space.

Through its bespoke airdrop portal, the platform has facilitated over $500,000 worth of airdrops, further amplifying the visibility and accessibility of burgeoning initiatives within the crypto landscape.

One of the hallmarks of Sphere’s launchpad prowess lies in its ability to generate substantial returns for participants. Projects hosted on its platform have witnessed remarkable gains, with some IDOs experiencing price surges ranging from 150% to an astonishing 900% or more above their initial offering price.

4. DexLabs

Dexlab is an integrated DEX platform that provides a GUI to issue Solana-based tokens without the need to code. It leverages the Serum Decentralized Exchange (DEX)’s central order book to support ultra-fast transactions, shared liquidity, and new features for monetization. Dexlab makes launching on Solana easy with a token minting lab, a launchpad, and a dedicated DEX for all listings

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Why is Dexlab different?

The SPL CLI is the main method to create and manage Solana tokens. This lacks linkage for environment setting, token sale, and market listing, and token information cannot be managed. DexLab seeks to eliminate this inconvenience and furthermore, to be able to do everything from token issuance to utility at DexLab based on GUI.

Dexlab offers a few key advantages (completed or in progress):

1. Anyone can list on DexLab Market. Currently, custom market registration can be checked only on the registered PC. DexLab expands this and supports anyone to trade through an address or a separate area when registering the market (like Uniswap).

2. Trading interface: For traders who want to be able to view TradingView charts, set limit orders, and have more control over their trading.

3. Supports token issuance and management through GUI.

4. We provide an IDO platform that anyone can create and participate in.

5. Provides a scalable API for system trading.

Basically, Dexlab has the same mechanism as Serum DEX, but Dexlab still has some advantages over Serum DEX such as:

  • Support issuing, managing and listing any token from the community.
  • Intuitive interface, integrated chart function, place trading orders.
  • The decentralized IDO platform allows users to freely create and join IDO.
  • Provide an open source API that allows users to freely develop trading tools.
  • Cross-chain support from the Ethereum network.

Dexlab has hit on the disadvantages that Serum DEX is facing, although it is a DEX, Serum’s listing mechanism is Centralized, which restricts developers in Solana ecosystem from freely listing tokens.

However, there are still many limitations, but Serum is still the liquidity center, so in order for Dexlab to surpass Serum, they need to combine two factors:

  • Take advantage of Serum Pool’s abundant liquidity.
  • Attract developers to issue tokens on the Dexlab platform.

Token Use Case

The DXL token will be used with the following applications:

  • Staking: There will be 5 staking levels and 5 different incentives for fee reduction mechanisms, using special features, receiving airdrops,…
  • Governance: Propose and vote on system changes such as reward structure,…
  • IDO: Participate in IDO sale or create IDO on Dexlab platform.
  • Get rewarded: Holder DXL will be rewarded from users’ transaction fees on the platform.

5. CoreStarter

CoreStarter, a prominent name in the realm of cross-chain fundraising, has carved a niche for itself with its innovative approach to IDO and INO launchpads, coupled with an NFT marketplace firmly anchored on Solana. The platform stands as a vital bridge connecting nascent crypto projects with eager investors, all facilitated through decentralized services underpinned by blockchain technology.


At the helm of CoreStarter’s operations is a seasoned team of developers boasting years of expertise in software development and smart contract implementation. This seasoned team ensures the platform’s robustness and security, prioritizing top-level security measures to safeguard user interests.

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Features

What sets CoreStarter apart is its innovative approach to interoperability, seamlessly integrating Solana with other prominent blockchains such as Binance, Ethereum, Matic, and Cardano. This interoperability opens up a myriad of opportunities for startups and investors alike, fostering a vibrant ecosystem conducive to growth and innovation.

At the heart of CoreStarter’s value proposition lies its decentralized finance protocol, enabling startups to conduct fundraising activities through the CSTR platform. This protocol is bolstered by built-in staking rewards, powered by the CoreStarter DAO, providing additional incentives for participants.

Functioning as a bridge between startups and investors, CoreStarter leverages blockchain-based decentralized services to facilitate seamless transactions and foster trust within the ecosystem. The platform’s team of experts meticulously selects projects and founders based on stringent criteria, ensuring only the highest quality endeavors gain access to the platform.

To maintain integrity and security, CoreStarter employs manual checks to verify the authenticity of projects and assess code quality. Each crypto project undergoes a rigorous evaluation process, with multiple levels of approval required before gaining entry to the platform.

6. Solster

Solster is a comprehensive platform offering a suite of tools for investors. Within the Solster ecosystem, users gain access to a diverse array of products and services tailored to meet the needs of modern investors.

At the core of Solster’s offerings is its decentralized exchange (DEX), providing users with a seamless and secure platform to trade various digital assets. Furthermore, Solster serves as an (DO capital-raising platform, providing startups and projects with a decentralized avenue to raise funds and engage with potential investors. 

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Features

Central to Solster’s appeal is its utilization of the open infrastructure of the Solana Blockchain, which enables the platform to offer a diverse range of features tailored to investors’ needs.  Among these features is Token Staking, which allows users to stake tokens and earn rewards while contributing to the security and stability of blockchain networks. Additionally, Solster facilitates Token Swapping, offering users a seamless mechanism to exchange cryptocurrencies effortlessly.

Moreover, Solster prioritizes enhancing user interface (UI) and user experience (UX) through aesthetic designs, ensuring a seamless and intuitive experience for all users. By prioritizing accessibility and ease of use, Solster aims to democratize access to DeFi investments.

Solster’s ambition transcends that of a mere IDO launchpad platform. It embodies an integrated ecosystem that provides an all-in-one solution for launching and managing decentralized finances. This holistic approach includes support for all major Solana-based wallets, accompanied by an inline wallet management system, ensuring seamless connectivity and ease of access for users.

7. Cropper

Cropper Finance established itself as a pivotal platform, offering a comprehensive launchpad for DOs to meticulously scrutinize projects. Moreover, Cropper Finance introduces a robust yield farming protocol that is effectively deployed on the Solana blockchain.

At its core, Cropper Finance leverages an Automated Market Maker (AMM) mechanism built upon the Solana blockchain infrastructure. This strategic utilization allows for swift trading experiences while harnessing the liquidity support and profit-generating features inherent in yield farming protocols.

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Notable achievements

In a recent funding cycle, Cropper Finance’s launchpad raised an impressive $850,000 for three projects, underscoring the success and effectiveness of its technological infrastructure. The platform’s innovative six-tier system, which integrates $CRP tokens and NFT Cropper potions, has proven to be a formidable asset in facilitating fundraising initiatives.

Central to Cropper Finance’s ecosystem are the Cropper Potions, which continue to play a pivotal role in enhancing IDO allocations for users. These NFT-based potions serve as a mechanism for optimizing participation and maximizing returns, further solidifying Cropper Finance’s position as a leader in the Solana ecosystem.

8. Waggle Network

Waggle is a permissionless marketplace built for multi-chain token pools and auctions, enabling projects to raise capital post-IDO on a decentralized environment based on Solana.

Waggle curates a public-facing marketplace interface that facilitates locked tokens trading activities. With Waggle, decentralized projects will be able to raise capital from their community, and users will be able to participate in community fundraising rounds in a secure and compliant environment and access opportunities previously only available to institutional players.

Waggle seeks to build a future that is decentralized, efficient and empowering.

Visit Waggle Network

$WAG Staking and Utility

Waggle further revealed that its native token ($WAG) holders could stake and earn rewards from the platform fees on top of the community pool. Notably, users will be able to choose between staking or locking assets for some time to increase their yield. The tier system Waggle Network has told you how many $SWAG tokens you have to stake.

Backers

Waggle Network — the cross-chain protocol that unlocks liquidity for post-IDO tokens announces a $3 million seed-raising round. It will be led by many prominent investors. To name a few, AU21, Basics Capital, Bixin Ventures, Gate.io labs, GBV, Genesis Block Capital, HG Ventures, MEXC, NGC, Spark Digital, and SVC.

 

9. StarLaunch 

Starlaunch is the first initial DEX offering (IDO) launchpad and accelerator for Solana that is protected by insurance. It shields participants from unwanted circumstances that could put their investments at great risk. 

Visit StarLaunch

How to Participate in StarLaunch IDOs 

StarLaunch allows users to participate in its IDOs through its dual token mechanism, which comprises STARS, a deflationary token, and Hydrazine, a secondary utility token. 

Here are the steps on how users can participate in IDOs. 

  • Users need to stake their STARS token in the StarLaunch Fusion vault to produce Hydrazine, which will be required to gain access to IDOs. 
  • Accumulated Hydrazine tokens are required to register for IDOs on StarLaunch’s web applications. Users will be given 72 hours for registration, and a 3-5 day window will follow for Know-Your-Customer or KYC screening. 
  • A day after the registration is closed, and KYC finalized, a 24-hour purchase window will start for the IDO event, and registered sale participants are required to claim their allocation during this timeframe. 

StarLaunch has finally provided investors complete confidence in jumping on the blockchain industry by providing them insurance that guarantees them protection from the risks that can threaten their hard-earned investments. 

10. Solmash

Solmash is a significant player on Solana ecosystem. Designed to facilitate the inscription and deployment of BRC-20 projects on Solana, Solmash seamlessly integrates open-source functionalities akin to GitHub, streamlining the development process for creators and enabling swift market entry while also offering opportunities to raise funds from the community.

The platform, leveraging the extensive user bases of two major ecosystems, Bitcoin and Solana, is committed to fostering an open, inclusive, and equitable environment for the community. Solmash prioritizes developer engagement, encouraging active participation in shaping and contributing to inscription projects launched on Solana.

However, Solmash is not merely a launchpad; it embodies a broader vision of fostering sustainable growth within the community. With a focus on projects that offer tangible value over the long term, Solmash aims to connect users with promising ventures, thereby fostering a mutually beneficial environment for the healthy evolution of the inscription ecosystem on Solana.

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Features

Promoting Fairness and Equality

Solmash stands firm on the principle of fairness and equality, ensuring accessibility to all members of its community. Regardless of one’s financial stature, Solmash opens its doors to retail investors as well as seasoned players in the crypto market. 

The platform’s commitment to equality extends to providing comprehensive support for developers on the Solana blockchain. Through flexible tools and source code toolkits, developers can swiftly enter the market, fostering a diverse array of projects, token launches, and crowdfunding campaigns.

Driving Innovation on Solana

As the first launchpad platform dedicated to inscription projects on Solana, Solmash is spearheading innovation within this burgeoning ecosystem. Initially focusing on crafting open-source tools tailored to the Solana protocol, Solmash caters specifically to builders while integrating explorer and marketplace features seamlessly. 

Leveraging Solana’s inherent advantages such as low fees, high speed, and developer-friendly infrastructure, Solmash optimizes the project launch experience for both creators and users alike. By facilitating increased participation in BRC-20 projects on Solana, Solmash plays a pivotal role in fostering growth within the inscription segment and the broader Solana ecosystem.

11. SolanaPad

SolanaPad is not only a launchpad but also a potent catalyst, propelling innovation within the blockchain space. Positioned upon the high-performance Solana blockchain, this platform serves as a conduit for creators, furnishing them with a seamless avenue to debut their ventures. Through its utilization of Solana’s infrastructure, SolanaPad ensures scalability, cost-effectiveness, and cultivates a dynamic ecosystem conducive to growth.

 

Visit SolanaPad

 

Highlights

Creators find within SolanaPad a realm where their projects can flourish in the decentralized landscape. The platform boasts a frictionless launch experience, enabling creators to navigate the complexities of project initiation with ease. Moreover, SolanaPad is dedicated to nurturing a vibrant community, fostering collaboration and engagement among participants.

Crucially, SolanaPad’s commitment extends beyond the presale phase. Not content with merely facilitating initial launches, the platform pledges ongoing support and guidance to projects that distinguish themselves during the review process. 

12. Boca Chica

Boca Chica is a game-changer within the Solana ecosystem. Developed and powered by HAPI, it harnesses the robust capabilities of the Solana blockchain and its consensus algorithm to offer unparalleled security for both retailers and investors’ capital.

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Highlights

Foremost among Boca Chica’s attributes is its unwavering commitment to safety and security. In an era rife with cybersecurity threats and vulnerabilities, the platform distinguishes itself by prioritizing the protection of users’ assets. Through stringent security measures and robust protocols, Boca Chica ensures a fortified environment where investors can engage with confidence, free from the specter of unauthorized access or fraudulent activities.

What sets Boca Chica apart is its innovative structure, which eschews the conventional model of issuing its own token. Unlike many platforms in the DeFi space, Boca Chica does not introduce a proprietary token. Instead, participants are required to purchase tokens specific to the IDO projects hosted on the platform. 

Moreover, Boca Chica distinguishes itself by offering equitable opportunities for retail investors to participate in early-stage IDO projects. Boca Chica prioritizes risk management, recognizing the inherent volatility and uncertainty associated with participating in IDOs. To mitigate risks, the platform implements measures aimed at safeguarding investors’ interests during their involvement in IDO projects.

13. Solex

Solex is the inaugural AI-powered launchpad on the Solana blockchain. With a steadfast commitment to advancing the SOL ecosystem, Solex Launchpad is poised to redefine the landscape of utility projects within the burgeoning blockchain network.

The primary objective of Solex Launchpad is to introduce utility projects onto the SOLEX IDO Platform, thereby stimulating growth and fostering innovation within the Solana blockchain ecosystem. By leveraging cutting-edge AI technology, Solex aims to streamline the process of identifying and nurturing promising projects that can contribute significantly to the Solana ecosystem’s expansion.

Visit Solex

Features

AI Analysis 

Experience the future of project evaluation with SOLEX’s AI-driven analysis system. By harnessing vast amounts of data, SOLEX’s AI offers insights that transcend surface-level assessments, empowering investors with a competitive edge in decision-making.

AI Live FAQ

Instant support and answers to queries are now at investors’ fingertips with SOLEX’s AI Live FAQ feature. Whether users seek clarification on projects or platform functionalities, the AI provides real-time responses, minimizing wait times and elevating user satisfaction. Moreover, the AI dynamically learns from interactions, ensuring that responses remain accurate and relevant over time.

So what are Solana’s most palpable advantages?

  • Trustless and completely decentralized.
  • Ditches obsolete PoW consensus in favor of more secure and less exploitable PoS.
  • One-of-a-kind Proof of History (PoH) system that enables the coveted scalability to be attained. It is achieved by hashing transactions using the SHA256 hash function. Solana takes the output of a transaction and uses it as the input for the next hash. The order of the transactions is now inbuilt into the hashed output.
  • Pipelining. Streamlining transaction processing which allows for faster validation.
  • Distributed ledger storage called Archivers.

With Solana becoming a formidable player on the cryptocurrency scene, there is a growing demand for Solana-based projects being launched in a safe and secure environment that ensures for both retail investors and fundraising projects a proper Launchpad platform.

Conclusion

IDO Launchpads connects innovative projects with enthusiastic investors who will be early adopters of the projects. Investors prefer IDOs to IEOs for a variety of reasons, including the certainty of security and accessibility. Before the formal launch, investors get to purchase tokens at a discounted price. The IDO platforms featured here can assist users in investing in potential and profitable initiatives and help DeFi projects obtain safe and secure funding. 

Find more information about Launchpad on Solana:

Solanium:  https://www.solanium.io/

AcceleRaytor Raydium Protocol: https://raydium.io/acceleRaytor/ 

Sphere: https://www.spheresxs.com/

DexLabs: https://www.dexlab.space/

CoreStarte: https://corestarter.com/

Solster: https://corestarter.com/

Cropper: https://cropper.finance/

Waggle Network: https://waggle.network/

StarLaunch: https://www.starlaunch.com/

SOLMASH: https://solmash.wtf/

SolanaPad: https://solanapad.io/

Boca Chica: https://bocachica.io/

SOLEX: https://app.solex.finance/

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

 
Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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