Avalaunch Tier System, Participation in IDO and Launchpad Requirements
What Is Avalaunch?
Avalaunch is one of the most popular launchpad's running on the Avalanche network.
Launchpad is a platform for raising funds for an early-stage crypto project from retail investors, not funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.
Should I choose Avalaunch?
Avalaunch is a simple but well-designed solution for participating and holding IDOs. The platform uses a clear user interface, registration is straightforward, AVAX and XAVA tokens can be purchased on major cryptocurrency exchanges. The platform does not have the standard user level system of other launchpads. Therefore, it is possible to participate in IDO with almost any amount.
Considering the fact that the projects launched on this launchpad proved to be very profitable and all the above-mentioned, Avalaunch is really worth paying attention to.
How Does Avalaunch Work?
Unlike other launchpads, there is no user tier system on Avalaunch. One AVAX token and some XAVA tokens will be enough to participate in IDO. Of course, this will not be enough to get a good allocation. The higher the stake in XAVA tokens, the larger the allocation will be. It is recommended to use stakes of the following size:
At the time of writing, the AVAX token is worth £52.85. The price of the XAVA token is £4.54.
Statistics and Performance
According to the statistics provided by cryptorank.io, Avalaunch ranks twentieth in the ranking of similar platforms. Currently, Avalaunch has raised $8.92 million in investments, with an average ROI of 47.60x.
The results of the most recent IDOs held at Avalaunch are shown in the following table.
Platypus Finance [PTP]
Roco Finance [ROCO]
What do you need to participate in IDO on Avalaunch?
To participate in IDO, the user must do the following
How do I buy XAVA? Read our detailed guide here.
How to participate in Avalaunch IDO
To participate in the IDO at Avalaunch, you need to do a few specific things.
Step 1 — Registration
First, you need to register at https://avalaunch.app To do this, click on the Start the KYC Process button on the home page. This will open a form to log in to the site.
Click “Create an account” to begin the registration process. You can register with an email address as well as with your Facebook or Twitter accounts.
Step 2 — Identity confirmation
The next step is to confirm the identity of the registered user. This is a critical step, because without going through the KYC procedure, it is impossible to participate in IDO.
After you have registered and logged into the Avalaunch website under your account, you need to go to the KYC Status section in your personal account. You will need to click on the “Start KYC” button to go through this procedure.
You will have to provide:
Step 3 — Connecting the crypto wallet
Then you have to connect a cryptocurrency wallet to the Avalaunch website. We recommend using a web wallet like MetaMask. You can read a detailed review of this wallet on our website.
To connect a crypto wallet, click on the Connect Wallet button in the upper-right corner of the website. Before connecting, make sure that you selected Avalanche network in your cryptocurrency wallet settings. If you don't have a network connected to your crypto wallet, add it manually with the following details:
Connecting is literally done in a few clicks. After connecting the wallet, your crypto wallet number will be shown instead of Connect Wallet.
After connecting, you need to verify your crypto wallet. To accomplish this, go to the “Verify wallet” tab in your personal account and click on the appropriate button. Follow the prompts on the screen, the wallet verification process takes a few seconds.
Step 4 — Buy tokens
After connecting the cryptocurrency wallet to the website, you need to buy the number of XAVA tokens needed to participate in IDO. You can buy tokens from the following exchanges:
The cryptocurrency wallet must also have some AVAX tokens to pay transaction fees. These tokens can be purchased on exchanges:
Step 5 — Token staking
Before registering for the IDO on the Avalaunch platform, it is necessary to stake XAVA tokens on a special page on the website. The number of tokens staked will determine the size of the allocation.
Step 6 — Participation in IDO
To register for an IDO, a stake of 1 AVAX has to be made. This amount serves as a deposit, if the user redeems his/her allocation after the IDO, this amount will be returned. If the allocation is not redeemed, the token is not returned.
A list of past, current, and future IDOs is available on the “Sales” page. Clicking on a project title will open the list with a detailed description of the project. Clicking on the “Register” button will open the registration process. Once it is complete, you will have to wait for the IDO to be completed.
The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.
Is Avalaunch available in the UK?
Avalaunch is not a scam, the site is legal and available in the UK.
Is Avalaunch Safe?
The developers of the Launchpad take the security of their project seriously, and no hacks have been recorded to date.
How do I participate in Avalaunch?
To participate in IDO on Avalaunch, you must first register on the project website and verify your identity. Then, AVAX and XAVA tokens must be purchased. Directly to participate in IDO, you need to stake in tokens and register.
Avalaunch stands out from other launchpads due to its lack of a user tier system. It has an excellent interface and is easy and straightforward to work with. The only drawback is the lack of developer information on the site.