Problems in the market
When decentralized exchanges (DEX) introduced the Initial DEX Offering or IDO, raising capital became inexpensive and straightforward for startup projects. This alternative mechanism to fundraising allowed projects to bypass the bureaucracy of centralized exchanges (CEX). As a result, investors began pouring capital into IDO fundraising, and new tokens started popping up so fast that DeFi began growing at twice the rate of the crypto market. Many great projects and a few rug-pulls received funding during this phase.
New blockchain networks have been built to support these new crypto projects, base layer solutions, and second-layer solutions. New blockchain networks supporting projects include Ethereum, Binance Smart Chain, Polkadot, Solana, Polygon, Cardano, Fantom, Avax, and more are being developed yearly. This ecosystem requires organized platforms where project teams and investors can come together and interact as peers without the need for an intermediary. Furthermore, the platform should be decentralized and transparent to maintain balance.

Bureaucratic Dominance

The modern world has systemic bureaucracy baked into nearly every organization. This kind of environment eats up a lot of time and energy and slows down the speed. The principles of bureaucracy were codified and popularized by the philosopher Max Weber. The activities are planned, implemented, and guided by a hierarchical system in such a model. Despite the business environment has evolved substantially around the world and bureaucracy has been considered stagnant and inertial, this concept has shown an impressive staying power.
If the bureaucratic dominance continues in Defi infrastructures, the industry will again get paralyzed after a certain period.

Centralized Biasness

It's pretty standard for the central management authorities to become biased towards specific projects due to personal benefits. As a result of this, many deserving talents miss out on opportunities. Building a launchpad with the scope of even a small degree of centralization will ruin the whole purpose. Most available capital-raising platforms possess some level of bias.

Lack of Support

Today, crypto projects can raise capital anyhow through the existing launchpad platforms. But they lack any support afterward from the launchpad platform ecosystem. There is no process where the funded projects could seek benefits from the investors or the alumni network of those launchpad platforms. Looking at the startup incubator ecosystem outside of crypto space, we find great backers like Y Combinator, Tech Stars, etc., where new teams get a lot of support from their alumni network.
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Bureaucratic Dominance
Centralized Biasness
Lack of Support