We also look for projects that have reasonable valuations and have been prudent in their cash burn & fundraising strategies, such that our users have the opportunity to participate in the growth of these networks. We look for strong teams who are typically in later stages in terms of product maturity with significant technical development and a history of delivering on their communicated milestones. Our team conducts extensive due diligence across team, technology, economics, community, go to market strategy, and commercial/strategic execution. Unlike many ICOs of 2017, where projects were able to raise capital simply through posting whitepapers on websites, we have a dedicated, full-time team analyzing every Launchpad candidate. We care deeply about protecting our users, and while we do not nor will we guarantee returns on Launchpad token purchases, we feel confident that we source, review and offer compelling projects for our users on the platform. Since then, we have seen many exchanges begin offering IEOs, with varying levels of diligence, quality and performance.Īt Binance Launchpad, one of our core differentiators as a platform is the rigor and depth of our diligence process. Shortly thereafter, many exchanges followed suit by offering their own versions of Launchpad, in what the industry has collectively referred to as an “IEO,” or Initial Exchange Offering. The sale was successful and the project has generated positive returns for our users since the offering. We offered our first Launchpad sale of 2019, Bittorrent, in January during a difficult bear market. Since then, we have helped projects raise a total of ~$27 million through our platform to continue building their networks. Core to this mission is enabling communities to participate in and support project teams that are building networks whose value accrues to a native digital asset.Īs part of our evolution, we reintroduced public sales in early 2019 through Binance Launchpad, a platform for offering token sales to our user base. Even now, when the AXS price has declined, holding the token is still profitable, and in the future, its value may rise again.The Binance Launchpad team would like to share some thoughts on our offering - including the rigor of our diligence and the value proposition we offer to both Binance users who gain exposure to quality projects and teams who use our platform as an alternative to traditional, private fundraising.Īt Binance, our mission is to spread the freedom of money. The token ICO ended in 2020, and since then, AXS multiplied the funds invested in it 1649 times. Axie InfinityĪxie Infinity is one of the first play-to-earn games that gained worldwide fame during the COVID-19 pandemic. Among projects that were raising funds through Binance Launchpad, the most successful are the following. The most prominent are considered those projects that deliver the highest return for early investors. Binance Launchpad is known for picking the best projects to list, and some of them are already among the leaders in the world of crypto. Projects with potential are known for delivering multiple returns to their early investors. Normally, the token’s listing price is higher than the price offered through a launchpad, and thus, this difference generates a profit for early investors.Īnother option for investors is to wait till the project starts increasing in popularity, the number of its users grows, and the demand for the token increases, too. Usually, investors purchase a project’s tokens at a discounted price by paying in a popular cryptocurrency, such as Bitcoin or Ethereum.įurther, when the token of a selected project is listed on exchanges, and starts being traded, investors can sell it at the listing price. What Is a Crypto Launchpad?Ī cryptocurrency launchpad is a fundraising platform where promising projects can get funding for their development. Binance is known not only for being the largest player in the crypto market but also for assisting many projects in raising funds for their further development through Binance Launchpad.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |