“Lunchpad” generally refers to a platform or service that offers early-stage investing in cryptocurrencies. Crypto projects can leverage such platforms to begin the process of selling their tokens to investors or early backers before launching their own cryptocurrencies.

Lunchpad platforms offer investors the opportunity to participate in private token sales. These tokens can often gain value as the project becomes successful. Investors can invest in project tokens at an early stage through these platforms.

However, such investments are often high risk and investors are advised to do careful research. Some examples include Binance Launchpad and CoinList.