DuckStarter Review: Participation in IDO, Tiers and Launchpad Requirements
What Is DuckStarter?
DuckStarter is a token sale launchpad that works with Ethereum, Binance Smart Chain and Polkadot networks.
The Launchpad is a platform for raising funds for an early-stage crypto project from retail investors rather than funds. As a reward for participating in an early-stage project launch, investors get early access to innovative product features.
DuckStarter is currently one of the most productive and active launchpads, having launched a total of around sixty projects with an average ATH ROI of 1.971%.
Should I choose DuckStarter?
The DuckStarter Launchpad has proven itself in the market, thereby securing a huge user base. The project's developers have made the launchpad as simple and user-friendly as possible, and it is easy for someone who has never been interested in participating in IDOs to figure out how it works.
The DuckStarter team is constantly in touch with the community, it's probably the most user-friendly launchpad, the project has an online shop with merchandise.
But most importantly, it has a low entry threshold for new users. To take part in the IDOs taking place on this site, you need to pay the equivalent of £180.
Given that IDOs are held regularly on DuckStarter, this site is worth a look.
How Does DuckStarter Work?
Like most launchpads, DuckStarter requires the user to have a fixed number of tokens in his account to participate in the launch of a new project. Currently, the minimum amount that allows participation in an IDO on this site is 2,000 DUCKS.
Depending on how many tokens are in the user's wallet, they will receive the appropriate tier.
At the time of writing, the value of the DUCK token is GBP 0.104, so the user will need £208 to participate in the IDO.
Statistics and Performance
According to statistics from cryptorank.io, DuckStarter ranks twelfth among similar platforms. DuckStarter has raised $6.97 million in investments so far, with an average ROI of 20.71x.
The results of the most recent IDOs held on DuckStarter are shown in the following table.
Wanaka Farm [WANA]
Dreams Quest [DREAMS]
What do you need to participate in IDO on DuckStarter?
To participate in IDO, a user must do the following:
How do I buy DUCK? Read our detailed guide here.
How to get whitelisted on DuckStarter IDO: Tiers Rules
As written above, DuckStarter has a tier system for users. The higher the tier, the larger the allocation will be. Guaranteed allocation of tokens is only available at Champion tier.
If you decide to change your level unexpectedly before the start of the IDO by making token unstake, there is a penalty for this.
So, before taking part in any particular IDO, you should analyse the project in question and make an informed decision about investing in it.
How to participate in DuckStarter IDO
To take part in an IDO on the DuckStarter, you need to do a few specific things.
Step 1 — Connecting a crypto wallet
To start working with DuckStarter, you need to connect a crypto wallet to the website. We recommend using MetaMask web wallet, as it can work with Ethereum and Binance Smart Chain networks. You can read a detailed review of this wallet on our website.
To connect the crypto wallet, click the Unlock Wallet button in the top-right corner of the website. Follow the on-screen instructions, and the connection is made in just a few clicks. Once this is successfully completed, your crypto wallet number will be displayed instead of Unlock Wallet, and your account settings will also be available.
Step 2 — Identity confirmation
The identity verification process on the DuckStarter Launchpad is carried out using the Blockpass service. In your personal account, you will find a link leading to a page for the KYC procedure.
The user will have to provide the following details:
Once you have completed the identity verification process, you can move on to the next steps.
Step 3 — Buying DUCK tokens
The next step is to buy enough DUCK tokens to participate in an IDO. This token can be purchased on the following exchanges:
Step 4 — Project selection and IDO participation
Once the DUCK tokens have been purchased, you can start selecting a project to take part in IDO.
On the DuckStarter homepage, a list of past, ongoing and future projects is available. By clicking on the project, you are interested in, you will see all the information you need.
For more information on how the IDO process works, see the video below:
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 DuckStarter available in the UK?
DuckStarter is not a scam, the site is legal and available in the UK.
Is DuckStarter Safe?
The developers take the security of their site seriously, and no major break-ins have been reported.
How do I participate in DuckStarter?
To participate in the IDO on DuckStarter, you first need to connect your cryptocurrency to the Launchpad. Then you need to verify your identity, after which you can purchase the required number of DUCK tokens, select the project you are interested in and take part in the IDO.
DuckStarter is one of the most user-friendly and easy-to-use launchpads. The site regularly hosts IDOs, which demonstrates the great interest in DuckStarter from both investors and cryptocurrency project developers.
DuckStarter Rating Summary
We have analyzed the main advantages and disadvantages of DuckStarter based on 3 important parameters for choosing IDO:
- Trustworthy (we made an independent research based on Trustpilot reviews and other independent sources on the internet).
- Usability tests and experts researches.
- Analysis of token value, capitalization and value forecasts for the year by analysts.
Based on all this data, an independent rating was compiled