How does Launchpad work?

I'm curious to understand how Launchpad functions within the cryptocurrency ecosystem. Can you elaborate on the steps involved in a Launchpad project launch, from the initial concept to the final token distribution? Additionally, how does Launchpad facilitate the process of raising funds for blockchain projects, and what are some of the benefits it offers to both project creators and investors? Furthermore, could you discuss the role of smart contracts in Launchpad's operations and the security measures in place to ensure a seamless and secure experience for all parties involved?