CoinMarketCap Launches a New Launchpad to Help Pre-TGE Crypto Projects Reach 50M Users

output:input: CoinMarketCap has officially unveiled a new launchpad for pre-TGE crypto projects with a 50 million user reach. Its first featured project on the platform is YZi Labs-backed Aster DEX.

CoinMarketCap, the cryptocurrency data platform, has announced the launch of its own launchpad.

The launchpad, named CMC Launch, is designed to highlight up-and-coming projects in the crypto industry that are yet to reach the Token Generation Event stage.

Announced via press release, CMC Launch will expose new projects to an audience of more than 70 million monthly users, giving them a chance to expand their communities and gain significant market traction.

The launchpad can be accessed via a dedicated launch page on CoinMarketCap. According to the statement, the platform has set up stringent qualification requirements for projects to be featured on CMC Launch.

Selected projects will also be able to engage users in deeper project expansions by completing interactive quests and facilitating the qualification process of eligible wallets for airdrops.

The first project to be featured on CMC Launch is the decentralized perpetual exchange Aster, currently available on BNB Chain (BNB) and Arbitrum (ARB).

Backed by YZi Labs and partnered with PancakeSwap (CAKE), Aster offers one-click trading with up to 1001x leverage through its Simple Mode.

Meanwhile, Pro Mode comes with advanced tools for more experienced traders. Users can earn rewards in the form of Au points when they trade perpetuals on Pro Mode or when they mint and hold certain assets like ALP, USDF or eligible LP tokens.

Both options allow traders to stack its native token, AST, for future airdrop allocation. In addition, Aster also provides non-custodial trading without requiring Know-Your-Customer verification.

“We’re excited to launch CMC Launch to connect new projects directly with the vast community on CoinMarketCap who are looking for the 'next big thing' in crypto,” said CEO at CoinMarketCap, Rush.

“As the ‘Home Of Crypto,’ we’re thrilled to welcome Aster as our first CMC Launch project and introduce them to our global community.”