It is quite the technological accomplishment to develop a high-functioning blockchain that can send payments and create smart contracts, and even more to build an ecosystem that other companies can build products on.

Think about this! In contrast to creating value just for your own company, your project’s community and others can also generate value. That is the idea behind the Cardano launchpad. Value is derived not only from and for the developers creating on Cardano, but also potentially for its launchpad investors as well.

Building on Cardano’s Launchpad

Cardano’s decentralized blockchain currently has 140+ projects building on the protocol. These projects chose Cardano for many good reasons, not least due to the blockchain’s ability to deliver fast transactions with low fees and its large global user community.

Fast Transactions

Cardano is currently capable of performing 250+ transactions per second. The transaction rate is much greater than Bitcoin (4.6 transactions per second) and Ethereum (15 to 20 transactions per second). Cardano is one of the largest proof-of-stake blockchains with a design focus on scalability, sustainability, and interoperability.

Cheap Transactions

Bitcoin and Ethereum are great, but high fees hurt. Cardano has become known for low-cost transactions at 0.1 ADA per average transaction compared to Ethereum gas fees which have more than tripled between October 2020 and March 2021 (Statista). It’s safe to say that DeFi and NFTs are congesting Ethereum’s network contributing to ultra-high gas fees for its users, and both are just getting started in development. Both are new industries, and as they continue to develop, this issue of high fees may compound.

Yet, Cardano and Ethereum are similar in that they share a robust ecosystem in which others can build on and potentially generate revenue. However, Ethereum has drawbacks for the community for several reasons, which we’ll touch upon a little later.

Go to our blog today to read more about projects building on Cardano.

Building Value for the Community

A strongly developed protocol that other projects can build on creates the opportunity for businesses to grow. By allowing others to grow, Cardano has created a system in which all roads lead to a vessel of growth. This systematic community value building is at the core of crypto’s mission. The companies that get community value building right typically have succeeded in this industry.

Despite its high fees, think about how many projects are on Ethereum. Since 2016, thousands of projects have been deployed on Ethereum. Over 3,000 dApps and 500 NFT projects alone run on the network. The number of projects is good for publicity but bad for network congestion.

The sheer number of projects built on Ethereum has helped lead to its notoriety and success. However, it can also be considered a victim of its success. Many projects are migrating to Cardano for this reason — Ethereum has become too congested. Startups on the Cardano launchpad have realized they can unlock much better benefits using Cardano over Ethereum. Cardano’s low-cost, faster transactions and global user base offer an alternative to the slower, expensive transactions on Ethereum.

Similarly, compared to the growth that Ethereum experienced between 2015–2021 from the number of businesses that have developed on the platform, Cardano will continue to thrive over the coming years due to the number of business developments on Cardano. Unlike Ethereum, Cardano is built to scale and can handle hundreds of transactions more per second than Ethereum can while also offering green blockchain technology for ESG-focused businesses. As the businesses develop on Cardano, the network will scale far better than the predecessors that have come before it.

Backed by Cardano’s official commercial arm EMURGO, Astarter will help develop launchpad projects by offering IDO assistance on top of its intricate knowledge of the Cardano ecosystem. As the number of DeFi projects continues to grow on Cardano, Astarter will provide technical assistance alongside them every step of the way.

Go to our blog today to read more about projects building on Cardano.