ERC-20 Token Launches with BuidlPad

Erick Zhang, managing partner at Nomad Capital and former Binance head of research, has introduced a new ICO platform named BuidlPad.

The announcement took place during The Block and Foresight Ventures‘ inaugural conference, Emergence, on Thursday. Zhang hinted at launching this platform amid a renewed interest in ICOs, asserting that they are a “powerful” way for founders to develop engaged communities with shared interests in project success.

Zhang stated, “I’ve had discussions with numerous project founders, and the consensus is clear — there is a strong demand for a new ICO platform.”

This revival of interest in ICOs has been motivated by factors such as the pro-crypto U.S. President-elect Donald Trump, retail investor frustrations over inflated token prices compared to venture capital investments, and poor user retention from token airdrops. Zhang noted community dissatisfaction with inflated valuations and the lack of performance from VC-backed tokens, emphasizing that ICOs provide retail investors an opportunity to invest at lower valuations before tokens are publicly listed.

Drawing from Binance Launchpad Experience

While at Binance, Zhang led the Launchpad platform, overseeing over 20 ICOs, including successful projects like BitTorrent, Polygon, and Axie Infinity, which collectively raised over $100 million. He stated, “I have incorporated lessons from past ICOs into the design of BuidlPad, focusing on transparency and fair distribution.”

BuidlPad will have a thorough vetting process, selecting high-quality projects with viable business models. Users must complete KYC checks to participate, with restrictions for residents from the U.S. and China.

BuidlPad’s launch follows the introduction of Legion, a merit-based ICO platform by Delphi Labs, which kicked off its first ICO sale recently. Additionally, crypto trader Jordan Fish, known as Cobie, launched an angel investing platform earlier this year that has helped raise approximately $30 million for projects.

While ICOs offer great potential for retail investors, the role of quality venture capitalists remains crucial, as emphasized by Jed Breed, founder of Breed VC.

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