CommonWealth, A Move Away From Exploitative Launchpads

I remember the first time I heard about Launchpads.

It was around November of 2021.

A friend, Gary Akpos had told me how about $12 had become over $2,000 in hours a month earlier.

How was I to get in on this?

Join their network marketing company in which they taught and shared inside knowledge from within the crypto space.

That sounded nice to me, so I paid my membership fee.

Some weeks later, I sat in front of my phone, hooked up on zoom for a live session, one day in a 5-day training run called “Crypto-Thrive”.

For the first time the dynamics of Launchpads was broken down to me.

Apparently, I had missed out on the ICO boom of 2017. I had also missed out of all the ICO scams!

I was lucky because now Launchpads vetted the projects launched from their platforms.

Now we could be part of a select few investing in crypto projects on day one, a few hours before the rest of the public had the gates open for them to invest (that is how it was presented and how it was understood).

I saw the previous launches on our chosen launchpad. The records showed 50x gains in 1 day, 200x in 1 day, and even over 400x in 1 day.

So we (my wife and I) got ready and participated in the upcoming launches.

The only problem was…

…even though we participated in these launches and there were sometimes multiple Xs, the only thing is that we couldn’t take profits yet because of the vesting period.

Having a vesting period is not a bad thing as it keeps early investors from initiating a short (i.e sell) avalanche.

Again, the only problem was…

…The sell avalanche still happened nonetheless.

And it almost always did and for a very apparent reason which was that…

…We were not getting access to these tokens on day 1, contrary to what we were told.

We were told that staking a certain amount of tokens gave us access to the tokens on Day 1 as private sale investors did with Solana.

The truth was that Venture Capitalists put together the funds prior, developed the project through the incubation stage and pre-launch stage, and on the launch date, when we the “privileged” got in 3 hours before the less privileged masses, they did the one thing that Venture Capitalists do.

And that is…

…Exit in multiple x profits!

In crypto terms, we will call that “dumping on the rest of us”.

And now that’s the part the Launchpad proponents were not big on talking about – the Venture Capitalist phase.

Although the bear market was about to kick in in 2022, it also happens to be the fact that those big red candles we saw immediately after almost all launches on launchpads were also on account of the actual early stage investors taking profits on everyone else.

And now that’s where CommonWealth comes in.

To be continued…