Polygon

The Sandbox

Axie Infinity

MultiversX

<p>Since its launch in January 2019, Binance Launchpad has become one of the most popular platforms for initial coin offerings (ICOs) in the blockchain industry.</p><p>If you’re looking to raise funds for your start-up or an investor searching for a new project to invest in, Binance Launchpad could be the platform for you!</p><p>Today, another project made it to the headlines through Binance Launchpad. Space ID 10Xed its public sale price, making its early investors rich as hell!</p><p>Read further if you want to take a closer look at Binance Launchpad, how it works, and some of the most successful projects that have used the platform in the last 2-3 years.</p><h2 id="header-0">What is Binance Launchpad?</h2><p>Binance Launchpad is a platform owned and operated by Binance, one of the largest, richest, and most powerful Web3 companies in the world. It enables blockchain projects to raise funds through token sales. By using Binance Launchpad, projects can reach a wider audience and raise more funds than they might overwise be able to on their own.</p><h2 id="header-1">How Does Binance Launchpad Work?</h2><p>Binance Launchpad allows users to purchase tokens from new blockchain projects listed on the platform. These tokens can be bought using Binance Coin, the native token of the Binance exchange.</p><p>Before investing with Binance Launchpad, investors must pass the know-your-customer and anti-money-laundering policies on Binance. Only after that, the customer will be able to invest in the new project.</p><p>As previously said, you can only use BNB or BTC to participate. There is also a limit of money you can invest, which is usually displayed in a US-dollar equivalent right on the launchpad panel. Lastly, you can’t use funds other than those in your spot account, so unlock your BNB before getting on the Binance Launchpad.</p><h2 id="header-2">How Can a Project Apply for Binance Launchpad?</h2><p>To start, blockchain startups must apply to Binance Launchpad with their project details, whitepapers, team information, and other relevant information. Once the applications are received, Binance Launchpad screens the applicants and selects the most promising projects. The screening process includes thoroughly analyzing the team, project idea, market potential, and other factors.</p><p>Once the projects are selected, Binance Launchpad announces the upcoming token sale on its platform, along with details such as the sale timeline, token price, and funding target. The token sale is then opened to the public, and anyone who wants to purchase the project’s tokens can participate in the sale(under the condition that you allocate some BNB for it.)</p><p>Once the token sale is completed, Binance Launchpad distributes the tokens to the participants’ Binance wallets. The distribution is made by using a formula that distributes the tokens according to how much of your BNB is in that 100%. After that, these tokens can be traded, hodled, or used in any other way.</p><h2 id="header-3">What Are the Most Successful Stories on Binance Launchpad?</h2><p>Throughout its history, though short, Binance Launchpad had some of the most successful projects on the market. Here are 5 examples of tokens that 10exed (or more) their initial price while launching on Binance Launchpad:</p><h3 id="polygon-matic">Polygon Matic</h3><p>Polygon is probably the most successful project Binance Launchpad has ever hosted. Launched in 2019 at a price of just $0.00263 per token, Matic has surged to an all-time high (ATH) of $2.71 in December 2021, representing a 1000x increase for the Ethereum scaling layer 2 blockchain.</p><h3 id="multiversex">MultiverseX</h3><p>Previously known as Elrond, MultiverseX is an L1 blockchain platform for fast and secure transactions that was launched on Binance Launchpad in 2019. In November 2021, EGLD reached an ATH of $469.61 per token and is currently trading at $42.9, 30x the ICO price.</p><h3 id="the-sandbox">The Sandbox</h3><p>The Sandbox, a decentralized virtual gaming platform, was launched on Binance Launchpad in 2020. In November 2021, SAND reached an ATH of around $7.53 per token, representing a price increase of over 10,000% since its launch on Binance Launchpad. Currently, SAND is trading at 10x the ICO price.</p><h3 id="axie-infinity">Axie Infinity</h3><p>Axie Infinity, a blockchain-based game that allows players to collect, breed, and battle creatures called Axies, was launched on Binance Launchpad in 2020. In November 2021, AXS reached an ATH of around $160.2 per token, representing a price increase of over 60,000% since its launch on Binance Launchpad. Currently, AXS is trading at 47x the ICO price.</p><h3 id="stepn">STEPN</h3><p>STEPN, a “move-to-earn” fitness application that equips users with a Sneaker NFT and encourages them to head outdoors to earn tokens in exchange for steps, was launched on Binance Launchpad in 2022. In April 2022, GMT reached an ATH of $3.8, a 3000% surge just 3 months after the launch. Now, GMT is trading at $0.40, 40x the ICO price.</p><h2 id="header-4">Why is Binance Launchpad Great for New Projects?</h2><p>As you can see, blockchain projects launched through Binance Launchpad can experience massive success on the crypto market in both token price and customer base. But why is Binance Launchpad so influential, and what are the benefits a Web3 company gets by using it?</p><h3 id="access-to-a-large-user-base">Access to a Large User Base</h3><p>Binance is the largest cryptocurrency exchange in the world, with tens of millions of active users every day and an army of big crypto whales waiting to invest in new and ambitious projects. By launching on Binance Launchpad, new projects gain access to this large user base, increasing their visibility, their potential customer base, and their liquidity.</p><h3 id="credibility">Credibility</h3><p>Getting crypto investors actually to believe in your project is very hard. You need to either have a huge campaign to convince all the potential buyers/customers that your product is legit, or you need to convince Binance, which might be the easier way.</p><p>Binance is a reputable and established platform, and projects selected to launch on its Launchpad are often seen as being vetted and approved by Binance. Therefore, a much easier take-off is guaranteed.</p><h3 id="fundraising">Fundraising</h3><p>New projects need a lot of money to develop according to their expectations. Binance Launchpad offers a fundraising platform for new projects, allowing them to raise funds from the community and use that liquidity to hire specialists, invest in development, and so on.</p><h3 id="marketing-and-promotion">Marketing and Promotion</h3><p>Binance offers marketing and promotion services for new projects, which can help increase its visibility and attract new users. This can be especially valuable for new projects that may have limited resources for marketing campaigns.</p><p>Just think about how many people would get interested in a project after only two tweets from Binance and CZ. The numbers are insane!</p><p>To wrap it up, Binance Launchpad is an excellent tool for both investors and companies. Investors are getting tokens that would possibly 10x (or more) in the future, while Web3 start-ups are getting all of the above, from marketing to liquidity and a larger customer base. It seems like CZ did it again! Continue building to make the industry a better place for everyone…</p>

Binance Launchpad – Your Way to a Guaranteed 10X ROI!

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Andra artiklar publicerade 22 mars 2023

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