Binance Launchpad offers crypto-startups a platform to raise capital and market their projects to millions of crypto investors in the Binance ecosystem.
Binance Exchange is one of the world's most popular (and the largest) cryptocurrency
exchanges. It offers some of the lowest transaction fees and highest liquidity among the leading exchanges in crypto space. Buyers who use its native utility token, BNB, get significant discounts on tradings, among other benefits.
The exchange features over 500 cryptocurrencies, notably Bitcoin
(ETH), Cardano (ADA), Dogecoin (DOGE), and its very own Binance Coin (BNB
Binance Launchpad is a Binance-owned crowdfunding platform that assists crypto-startups in raising funds by offering their tokens to Binance users. It is the pioneer of Initial Exchange Offering
(IEO) mechanism, a widely popular method among crypto-startups to gather funds.
Binance Launchpad leads the crypto industry in terms of fundraising and linking investors to new and potential blockchain
companies. There have been many successful Launchpad projects
so far, and to celebrate the most successful ones, each year an award is given to the highest performer
. The nominees comprise of projects that were introduced during the last year that had a positive ROI during their initial exchange offering (IEO) but have not been purchased by Binance. Factors like ROI
, market influence, and traction, as well as the amount of interaction with the Binance ecosystem, are considered while picking the winning project.
For the year 2020, the six nominees were Axie Infinity, Lab Sandbox, Safepal Tokocrypto, Injective Protocol, and Alpha Finance.
The winner was Alpha Finance
which offered DeFi
investors leveraged yield farming
services on both Ethereum and the Binance Smart Chain