Just as it looked like the launchpad wars<\/a> were cooling off, a new competitor has entered the arena \u2013 the Heaven launchpad and decentralized exchange (DEX).<\/p>\n The DEX\u2019s native token, LIGHT<\/a>, launched at roughly a $15 million market capitalization on Aug. 12, and is up 445%<\/a> from its launch to an $80 million market capitalization.<\/p>\n Heaven launched its token via an initial coin offering (ICO), where users deposited funds into the ICO, but the team still decided the token\u2019s opening valuation by retaining the right to refund a set percentage of the sale.<\/p>\n The sale concluded after just 11 hours with $27.3 million contributed<\/a>, and the token launched with around 60% of the token supply circulating.<\/p>\n LIGHT\u2019s began to rally after the launchpad officially opened to the public on Aug. 15. The launchpad has not birthed any major memecoins yet, but its most successful launch so far is the HALO token, representing the launchpad\u2019s logo\/mascot, which is changing hands at a $6.5 million<\/a> market capitalization after reaching a high of $8.6 million on Aug 17.<\/p>\n Heaven touts a buyback system with 100% of revenue earned going towards LIGHT buybacks and token burns, which it calls \u201cthe god flywheel.<\/a>\u201d<\/p>\n
![\"LIGHT](\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.thedefiant.io%2Fad_4nxdwnkanhc_g8oh-edtog2jzwxvxudbyfg9ubkzz5n2a7a5hecbyuu4k-1a52ebfd-7b2d-48ed-8c0a-e711ba80234f.png&w=3840&q=100\"\/)