One of the most prominent investment trends in 2019 cannot be ignored, and Binance is one of the pioneers in this trend. In this article, Blogtienao It will help you to better understand Binance launchpad.
In addition, you will be given a complete guide on how to buy as well as the necessary conditions to participate in IEOs on the Binance exchange.
Watch now: What is IEO??
What is Binance Launchpad?
Binance Launchpad is described as a “token launchpad for Blockchain projects”. In a word, Binance exchange will be a stepping stone for “To the moon” projects.
Instead of Startups having to worry about everything, now there is Binance "weighing". The rest of the projects is development.
They will provide knowledge, network, capital through IEO fundraising. The platform helps projects access the vast ecosystem of the world's number one electronic floor.
The birth of a launch pad for startups
New ventures in any industry are vulnerable, lack direction, lack resources, and lack the right push.
In the end, the idea you're trying to implement may be great, but the whole thing won't work out without quality support.
Binance Launchpad will be the source of the resources a new project needs. It gives the project an opportunity to present their ideas in front of 10 million Binance users and potential investors.
Why should you buy IEO on Binance Launchpad?
Binance claims that the process of selecting projects to list on Launchpad is very strict. Some of the factors that Binance considers the most important of a project:
- Relative maturity in the development of the project
- Ready to apply on a large scale
- A strong and dedicated team
- Potential for the growth and development of the broader crypto ecosystem.
These assessments will provide specific information about a project to 10 million users, and help users determine if they want to invest in that project or not.
He Yi, the co-founder and Marketing Director of Binance, discussed the issue on Weibo.
I want to make it clear that projects on Binance become popular because they are of high quality and low price.
But once a project is listed, its price will be determined by the global crypto market and time will tell which projects are good.
In an interview with the BlockBeats blockchain, Binance CEO Changpeng Zhao (CZ) also said that the rise and fall of the token price is determined by independent market behavior and will never be manipulated by Binance.
That is the reason why Binance Launchpad attracts so many investors.
IEO projects on Binance Launchpad
Up to now, there have been 13 IEO projects successfully opened for sale on Binance Launchpad. You can check out the projects below
- BitTorrent (BTT)
- Fetch.AI (FET)
- Celer (CELR)
- MATIC NETWORK (MATIC)
- HARMONY (ONE)
- Elrond (ERD)
- WINk (WIN)
- Perlin (PERL)
- BAND Protocol (BAND)
- KAVA (KAVA)
- TROY (TROY)
- WazirX (WRX)
- Cartesian (CTSI)
There are projects with huge profits, there are projects that offer a floor price that is not as expected.
But most of them are discounted in the long run until now, I update the article. So when you join, don't apply the HOLD to DIE strategy.
Carefully read the instructions and evaluate the project before investing
Of course, before investing in any project, you should also do in-depth research on that project.
In each project, Binance Launchpad brings out important, detailed information and places it under the requirements tab to ensure that it is easily accessible.
Additionally, Binance has established a research center where they conduct in-depth reviews for each listed project.
Blogtienao recommends that before investing in any project, read the full report on that project. There's a lot of interesting stuff in there.
In addition, you must check that you have met the requirements in that project.
My Personal Review of Launchpad IEO
As a crypto investor myself, I have also participated in projects on Binance Launchpad.
At first, it must be said that it is very difficult to buy, but with the new method anyone can buy as long as you have BNB.
High profitability. Because I personally have had some success believing in Binance Coin and the IEOs on it.
My investments are weekly, monthly, and growing.
My investment style is just to aim at the low price of Binance Coin, see its growth potential, then invest, be a genuine holder.
When you become a BNB holder, you can flexibly use that BNB as a condition to participate in IEO. Profits are generated to buy BNB again. Thereby increasing the amount of BNB
Conditions to participate in buying IEO on Binance Launchpad
To participate in IEO of course you must comply with Binance's conditions that are:
- Have an account already Binace has KYC
- That account must hold the full amount of BNB by the specified date.
Depending on how much BNB you own, you will be able to buy more or less.
Instructions to buy IEO on Binance Launchpad
Step 1: Access Launchpad
To access the Launchpad section, you can access the following link:https://launchpad.binance.com/. If you use the Binance app on your phone, go to Launchpad on the homepage!
Step 2: Choose the IEO you want to buy
Here is what I choose to buy Tokocryopto (TKO). You just need to click and it will go through the process for you to register to buy.
Step 3: Hold BNB and wait for registration date
Usually the exchange will ask you to hold BNB for 7 days. Your BNB reserves will be captured automatically in spot wallets, margin wallets, etc. Details of how the reserve is calculated you can see. here.
Some Launchpad projects may capture balances before making announcements. So if you don't want to miss out, the account must always hold BNB.
Step 4: Commit BNB
When it's time to sign up, you will use the BNB from the Spot wallet to Pledge. The maximum amount you can commit is equal to the amount of BNB that has been snapshotted.
Press the button Commitment BNB to make a commitment.
Enter the amount of BNB you want to Pledge and press the button Commit now. How much BNB you can commit to buy is up to each person's decision.
But the more BNB Pledge you have, the more IEOs you can buy. However, there will be a limit depending on the project.
Confirm the BNB Pledge by pressing the button again Commit now.
Step 5: Final Token Allocation
After the registration period expires, the calculation time will come. Binance will calculate the number of tokens you can buy according to the formula: (Your amount of BNB committed / Total amount of BNB committed) * Number of tokens sold.
Tokens will be deducted from the amount of BNB you committed.
Countries that cannot participate in IEOs on Binance Launchpad
Afghanistan, Burundi, Belarus, Central African Republic, Congo, China, Ethiopia, Guinea, Guinea-Bissau, Iraq, Iran, Korea, Lebanon, Sri Lanka, Libya, Serbia, Sudan, Somalia, South Sudan, Arab Republic Arab Syria, Thailand, Tunisia, Trinidad, Tobago, Ukraine, Uganda, Venezuela, Yemen, Zimbabwe and some states in the United States (New York, Georgia, Connecticut, New Mexico, Hawaii, Washington).
The risks of participating in IEO
Investment always comes with risks, IEO is no exception. So when you invest in this lucrative market.
You may face some of the following risks:
- Price risk
- Exchange risks
- Risk of exchange token price used to buy IEO
- Risks of a bad IEO…
VIDEO INSTRUCTIONS ON BINANCE LAUNCHPAD, SPECIFICALLY TOKEN BETA
Virtual Currency Blog Hope through the above article, you find the information you want. Finally, we just want to remind you of one thing.
Either way, before investing you must learn about the project thoroughly. Choose reputable brokers to significantly reduce risks and do not follow the movement.
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