# Launchpad info
## What is Launchpad?
Launchpad is a platform for launching new tokens. With the help of such platforms, cryptocurrency projects can raise initial funding and users can invest in assets at early stages, before they are officially listed on exchanges.
## Why do I need a Launchpad?
Not many projects are able to launch their token without presale, as this requires quite a lot of initial liquidity, marketing and product development costs. When conducting a presale themselves, there are problems of the need to implement smart contracts and user interface for buying a token, attracting the target audience, as well as the security of investors' funds. Launchpad solves these problems by providing a user-friendly interface, secure smart contracts, and opportunities to promote the project.
## How it works
Any user can start tokensale for their token in a few clicks using the [JVault ](https://jvault.xyz/stake)interface. To do this, it is necessary to fill in the necessary information about the tokensale, configure the desired features and submit 2 transactions: to deploy a smart contract and to add tokens to this smart contract. After that, the tokensale page is automatically published in the [catalogue ](https://jvault.xyz/launchpad/sales)and the project can start attracting investments. Once the sale is complete, the token is automatically added to the [DEX](https://t.me/dedustBot), and the participants of the tokensale can claim the purchased tokens according to the vesting conditions.
## Key benefits of the JVault Launchpad
* Low fees\
While other token launch platforms charge a commission of more than 10% of the funds raised, [JVault ](https://jvault.xyz/stake)offers flexible terms with a commission range of 2 to 0.5%, depending on the final investment amount.
* Ease of creation and high customisation of tokensales\
[JVault ](https://jvault.xyz/stake)makes it possible to organise your own ICO in less than 5 minutes without requiring any programming skills: all you need to do to start selling is to fill in a [small form](https://jvault.xyz/launchpad/new_sale) and confirm the necessary transaction, after which the token will be immediately displayed on the homepage. Despite this, there is a high degree of customisation for each sale with a large number of different settings.
* Automated addition of liquidity\
Once sales are completed, predetermined portions of the funds raised and tokens sold are sent to the liquidity pool on DEX. This process happens completely autonomously through smart contracts, and neither the [JVault ](https://jvault.xyz/stake)team nor the tokensale creator can influence it.
* Built-in vesting\
When creating a tokensale, you can configure vesting - the conditions according to which investors' tokens will be unlocked. This parameter includes the time and size of the first unlocking of tokens, the number of subsequent uniform unlockings, and the time interval between them.
* Tiered whitelists\
Many projects are interested in providing certain categories of users with unique conditions for token purchases. To solve this problem, a tiered whitelist feature has been developed that allows you to configure different prices and purchase limits for owners of NFTs from collections specified by the tokensale creator (only [Soulbound NFTs ](https://github.com/ton-blockchain/TEPs/blob/master/text/0085-sbt-standard.md)are eligible for the whitelists).
* Native referral system\
A referral system option is available for each tokensale. If it is enabled, users who make purchases using referral codes will be able to purchase tokens at a discount, and owners of referral codes will be able to receive cashback from the purchases of their referrals.\
When enabling the referral system, you can set up the minimum purchase volume for activation of your own referral code by any presale participant, the "default" cashback amount, as well as the list of users who have referral codes with unique sizes of discounts and cashbacks on the codes.
* Different types of presales\
At the moment there are two types of presales available, **ICO** and **Private sale**, implying the sale of tokens at predetermined prices (with the possibility of discounts for different categories of users). In addition, in the near future it will be possible to create[ **Dutch Auctions**](https://en.wikipedia.org/wiki/Dutch_auction) and **Fairlaunches**.
* Full decentralisation\
[JVault Launchpad](https://jvault.xyz/launchpad) is entirely built on thoroughly tested [open-source](https://github.com/JVault-app/decentralized-launchpad), independently audited smart contracts. All necessary data is stored completely on-chain, precluding any centralised intervention. This guarantees complete security of users' funds to which they have exclusive rights.
{% hint style="info" %}
JVault is not responsible for possible losses due to changes in the exchange rate of tokens hosted on the platform.
{% endhint %}
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