CeFi launchpads are organized similarly to traditional stock exchanges. They are managed by specific legal entities that are responsible for the operation of the platform, the safety of user funds, and compliance with laws. Therefore, the administrations of CEX launchpads have access to customer funds and, if necessary, can block an individual user, a specific operation, or an entire direction, such as withdrawals. In addition, each new user is required to complete the identity verification (KYC) procedure. In turn, DEX launchpads are not an intermediary in transactions, they do not store funds and personal data of their users. Clients are most often identified using blockchain addresses and non-custodial wallets connected to the application. Trade transactions and other actions take place with the help of smart contracts, meaning that all the business processes happen automatically and autonomously.