Mito Launchpad Overview

Mito Launchpad is a one-click fundraising and listing platform that allows developers to raise funds for their projects and list them on Injective exchanges with just one click. Launchpad allows anyone to create different forms of decentralized launches with customized specifications.

How it works.

Mito Launchpad allows users to get a new project token. In this example, let's take a hypothetical example called Project X with the token ticker PROJX.

When the Launchpad opens, users can subscribe to the PROJX pool using INJ. The launch panel will lock the INJ you used to subscribe to the sale until it closes. If the project reaches the minimum upsell target, the sale will close and move on to the next stage. Conversely, if the target is not met, all participating users can claim back their INJ.

If the sale is successfully completed, users will be able to claim Project X tokens. In addition, users will also receive LP tokens. They can either exchange LP tokens for PROJX and INJ, or leave their LP tokens on the PROJX/INJ marketplace to earn income.

Benefits of Mito Launchpad

The beauty of Mito Launchpad is that each of its components work in tandem to create robust positive feedback loops for the broader Injective ecosystem. For example, a builder can do the following:

Create a new token using the launchpad.

Raise funds for the project in a fully decentralized way.

Instantly list the new token on exchanges built on Injective.

Upload initial token liquidity using automated trading vaults.

Reach a huge audience of users through Injective, which is a direct gateway to the cross-chain, Ethereum, Solana and EVM ecosystems.

Mito Launchpad walkthrough

Initially, the Launchpad feature in the Mito test network will be available to all users who have previously participated in Mito missions.

Here's a simple guide on how to participate in Mito Launchpad.

Step 1- Click on the Launchpad tab.

Select Launchpad from the left panel and you will see new projects that are up and running and ready to launch, with the number of tokens offered, the sale price and a countdown timer to the end of the subscription period.

Step 2- Bid INJ to increase your distribution.

The total amount you can subscribe to a launchpad project is directly related to the amount of INJ you bid. Increasing your INJ bid will open up a larger distribution amount for you in your launchpad projects.

Click the "Subscribe Now" button on the right, a pop-up window will appear with subscription details.

You can bid more INJs to increase the maximum subscription amount. Click "More Details" to go to the Injective Hub test betting page.

Select a validator from the list and click "Delegate Now". Now you're all set to maximize your subscription amount!

Step 3: Subscribe.

Visit the subscription page on your launch dashboard and click "Subscribe Now" to enter your subscription amount, review and confirm.

After a successful subscription, your INJ will be temporarily blocked for sale. You can redeem the tokens after the subscription period ends.

Step 4: Verify your subscription.

To view your subscription and project subscribers, simply click on the tabs above to get more information.

Step 5. Distribute and receive the tokens

When your subscription ends, three scenarios will occur: full subscription, oversubscription, or unsubscription.

Full subscription

If the total INJ amount allocated by the community matches the amount the project is looking for, the startup will move on to the next stage of requesting tokens. In this case, you can claim two types of tokens, namely PROJX tokens and LP storage tokens for the PROJX/INJ marketplace that generates revenue.

Subscription Excess

If the committed INJ exceeds the amount claimed by the project, it is considered an oversubscription and users will also be able to claim the unused INJ.

Insufficient subscription

Conversely, if the subscription is insufficient, i.e. the committed INJ falls below the target collection amount, the launch panel is closed and all users will be able to claim the

Conclusion

Mito Launchpad is an important step forward for Mito and DeFi as a whole. The Launchpad gives developers and users new ways to interact with DeFi.