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5 Token Launch Platforms to Consider

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TOKEN LAUNCH

Token Launch platforms take away all the pain of designing tokens and developing smart contracts for ICOs. Thanks to the rise of UI/UX developers, you can create an ICO by simply choosing from drop-down menus. All of the token launch platforms reviewed below boast that you do not need to know to code to conduct your ICO.

This level of client-centricity is a welcome change in the ICO development phase which earlier stalled projects due to contract development issues. With time, that token launch platforms will begin to provide the level of customization expected by ICOs. The Blockchain space evolves rapidly and the route to success is paved with the number of your successful clients.

Review Metrics

I reviewed 5 token launch platforms and rated them according to the following metrics:

  1. UI/UX — 10 points
  2. Features — 10 points
  3. KYC integration — 10 points
  4. Pricing — 10 points

Without further ado, let’s see how the top token launch platforms fared.

#5 Polymath

Arguably the grand-daddy of token launch platforms, Polymath specializes in security tokens. While ICOs vs STOs is a debate for another article, I sit firmly on the fence, for now. The Polymath platform requires you to conduct all your transactions in POLY tokens (1 POLY = 0.0012 ETH at the time of writing). Their demand of 250 POLY to register the name on the Blockchain for 60 days was an instant downer. While I understand the costs involved, it still is a barrier that impedes reviewers such as myself.

After paying 250 POLY, I proceeded further and it was a breeze from here on. One feature that might be a roadblock down the line is their limitation to develop only ST20 tokens. The UI/UX is fairly simple and self-explanatory so kudos to that. The KYC integration is managed on the backend via specialized KYC providers which is a really great feature. The pricing structure is on the higher side which is mostly the norm for security token offerings.

Score:

UI/UX – 7

Features – 7

KYC Integration – 9

Pricing – 2

Total Score – 25

#4 Token Launcher

This platform is a hybrid model that enables quick customizations with the help of their development personnel. The only way to review them is by requesting a demo. The feature set is vast due to their unique feature of plug and play modules.

Token Launcher has a distinctive dashboard that presents information relevant to the person logged in. Therefore, the admin and the users are shown different screens. The platform has developed plug and play modules that add features such as support for different blockchains, token standards, and KYC automation.

The UI/UX has a distinct made-by-coders feel to it and needs a bit of a learning curve. The CRM integration is a nice addition and the pricing is the most attractive among all competitors.

Score:

UI/UX – 5

Features – 9

KYC Integration – 6

Pricing – 9

Total Score – 29

#3 Mycontract

Taking development to the extreme, XinFin has developed a hybrid blockchain – XDC to create dApps and ICOs for their clients. This frees them from the limitations of other token standards and unpredictable gas charges. This, however, comes with a rider – you must use their native tokens to develop your ICO. My Contract integrates with the Bancor protocol to accept over 100 cryptocurrencies. 

According to their demo (which you need to login to access), the platform allows you to create ERC20, ERC223, ERC721 compliant-tokens and allows for integration with several third-party modules. The pricing is structured attractively with complete transparency.

Score:

UI/UX – 5

Features – 9

KYC Integration – 7

Pricing – 7

Total Score – 28

#2 Token Get

With over 50 ICOs under its belt, Token Get has proved to be a commendable product time and again. It checks off all the requirements an ICO/STO might have with even SAFT  generation baked in. Their key strength is their marketing module which automates several activities such as airdrop management.

All these bells and whistles demand a premium therefore, it is priced on the higher side. That being said, the plethora of features make up for it.

Score:

UI/UX – 8

Features – 9

KYC Integration – 8

Pricing – 6

Total Score – 31

#1 Token Asia Platform

Easily the most user-friendly UI of all, Token Asia Platform is packed full of features. The team clearly spent time designing a platform that even the layperson could use so to speak. Kudos to the UI/UX team behind this.

It boasts multi-blockchain support, multi-currency acceptance, simplified token development, robust implementation tools, and user-friendly KYC module.

Priced reasonably, Token Asia Platform is an excellent choice for showing launching your token and showing your investors the process of doing so.

Score:

UI/UX – 10

Features – 9

KYC Integration – 8

Pricing – 7

Total Score – 34

Conclusion

Despite no clear regulatory pathways, token launcher platforms did a commendable job in finding the middle paths to simplify further the experience of conducting ICOs/STOs. Once the clouds clear on that front, we can expect to see further innovations and developments in this space with the arrival of new contenders that could unseat the current cream of the crop.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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Altcoins

Rewards Platform StormX Offers 50% Crypto Cashback Bonus for Thanksgiving

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Singapore, Singapore, 23rd November, 2020, // ChainWire //

Blockchain-based rewards platform StormX has released a seasonal promotion for its award-winning Crypto Cash Back App. The promotion will allow app users to earn a 50% bonus on top of their cashback between Thanksgiving Day and Cyber Monday (November 26-30).

StormX has also introduced a brand-new staking service, allowing users to earn an additional 50% per year when they stake STMX tokens. The native ERC20 token of the StormX ecosystem, STMX has a total supply of 10 billion and is available to trade at many of the world’s top exchanges, including Binance and Bittrex.

“With Bitcoin’s price approaching its all-time high, interest in cryptocurrencies has renewed, though some people believe it’s now too expensive to buy in,” said StormX CEO and Co-Founder Simon Yu. “What we have done is create an easy way for such individuals to accumulate bitcoin, ethereum and other cryptocurrencies via everyday shopping.

“We’re also excited to provide users with the ability to earn greater rewards simply by staking their tokens.”

Since the StormX mobile app launched its Shop feature with over 700 stores in February 2020, some 400,000 unique users have been added to the rewards platform. StormX has also witnessed over 50% month-on-month growth for sales. The app is available for download on the App and Google Play Stores, and can be downloaded as a browser add-on from the Chrome Web…

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Altcoins

BITTREX GLOBAL CONFIRMS FREE TRADING AND LISTING FOR TOP DEFI TOKEN

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Valduz, Liechtenstein, 17th November, 2020, // ChainWire //

International cryptocurrency exchange promotes free trading and no gas fees for leading DeFi tokens

17th November 2020 — Bittrex Global GmbH. announced today 8 new DeFi tokens will be listed this week including:

  • UMA (UMA)
  • Aave (AAVE)
  • Balancer (BAL)
  • REN (REN & renBTC)
  • Kyber Network (KNC)
  • Band Protocol (BAND)
  • YF Link – (YFL)

Bittrex Global’s users can trade all of their DeFi  tokens with no trading or gas fees until 2021. The decision to enable free trading on Bittrex Global for DeFi tokens  follows on from the 1,000% growth of the DeFi asset class over the course of 2020.

The decision to enable free transactions will see more investors enter the Blockchain Act’s digital asset regulatory system, supervised by the Financial Market Authority in Liechtenstein (FMA) under the Due Diligence Act which requires traders to comply with the KYC/AML/CFT standards.

“The last year has seen huge growth in DeFi as an asset class and a number of significant milestones completed,” said Bittrex Global’s CEO Tom Albright. “As the asset class matures and more institutional and professional investors look at the fundamentals, we are likely to see increased demand and higher trading volumes for DeFi in 2021.

We’re really excited about what we’re seeing in the space and want to see these DeFi projects grow and help them build stronger platforms through increased adoption. Offering free trading fees…

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