Fast-track growth for deserving crypto projects Meanwhile, investors don’t have to worry about taking out their funds from Binance, which is where they are mainly using their crypto assets anyway, and risking unnecessary losses. By using Binance Launchpad, crypto projects don’t have to worry about creating their own fundraising platform and risk being a target for attacks from bad actors. Protections for both users and projectsīinance takes care of its crypto users with top-notch security, and this extends to token sales. As the world’s leading exchange, Binance already has access to crypto holders and investors, who are likely to be interested in gaining early access to high quality token sales.Ģ. Token launches within a trusted platformīinance Launchpad provides a way through which new crypto projects can raise capital from a platform that is already used by most of the crypto world. Here are the various advantages that Binance Launchpad was able to offer to the entire crypto industry:ġ. The introduction of IEOs on Binance Launchpad spurred a new paradigm under which projects can raise funds and users can support these projects in a more convenient and safer way. Results have varied under this old approach, with each success story being matched by cautionary tales of failures and frauds, and crypto users lack necessary protections and were left on their own. With the dawn of the IEO, crowdfunding enters a whole new level with the safe and easy use of cryptocurrencies to benefit both blockchain projects and their investors.īefore Launchpad, blockchain projects staged their own Initial Coin Offerings (ICOs) to raise crypto funds for their own growth and development. Binance Launchpad: Pioneering Crypto Crowdfundingīinance pioneered the Initial Exchange Offering (IEO), through its introduction of Binance Launchpad, the exclusive token launch platform for transformative blockchain projects. While similar in results, Launchpad and Launchpool operate in different ways. The farming pools have recorded a TVL (total value locked) of $5.46 billion in BUSD, 143.5 million BNB, and a significant amount of cryptocurrencies including BTC, ETH, DOT, and several others. Those tokens are now worth $209.8 million, 146.04% higher on the aggregate, even considering the downturn trends of the past two months for crypto. The platform was able to distribute a total of $85.3 million in tokens from 17 completed projects. This year, Launchpad was able to secure commitments worth a total of 38.2 million BNB ($10 billion) from interested participants, which represents how highly anticipated the token launches are.īinance Launchpool, which was introduced in September 2020, currently features 19 projects, two of which have ongoing farming periods. Right now, the total value of those tokens are at $725.2 million, showcasing an aggregate 11.5x growth in value to participants who are able to purchase tokens on the platform. Right now, those tokens are worth $934 million in total.īinance Launchpad, the older of the two platforms with projects dating back to 2019, has sold a total of $57.8 million in tokens across 23 projects. The two platforms combined have distributed $143 million in total tokens to both buyers on Launchpad and crypto farmers on Launchpool. On the surface, both Binance Launchpad and Launchpool deliver on their goals of delivering growth to crypto projects, their respective tokens, and the Binance users who gain access to them. But how exactly do they differ, and what makes one more valuable to you specifically when compared to the other? Launchpad and Launchpool: Delivering Growth to Crypto Holders In other words, both Binance Launchpad and Launchpool help quality projects fundraise, while also allowing crypto users and investors to generate great returns. ![]() The platforms also provide support for promising crypto startups with the eventual goal of helping drive awareness and adoption for their respective projects, by guiding them on how to best launch and advertise their tokens. Both platforms aim to support the crypto ecosystem by offering first-look access to promising crypto tokens to all of the Binance users. If you’ve been using Binance for a while now, chances are high that you’ve come across both Binance Launchpad and Binance Launchpool. ![]() Binance has built an entire ecosystem of services that tailor to the needs of just about any cryptocurrency trader, user, or holder.
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