One of the most prominent investment trends in 2019 cannot help mentioning IEO and Binance is one of the pioneers in this trend. In this article, Blogtienao will help you to better understand Binance launchpad.
In addition, you will have complete instructions on how to buy as well as the conditions necessary to join the IEO on the Binance exchange.
Watch now: What is IEO?
What is Binance Launchpad?
Binance Launchpad is described as a "token launcher for Blockchain projects". In easy to understand, Binance floor will be a stepping stone for “To the moon” projects.
Instead of startups having to worry about everything but now have Binance "weigh". The rest of the projects is development.
They will provide knowledge, networks, capital through IEO funding. The platform helps projects access to the vast ecosystem of this world's number one electronic platform.
The launch of launch pad for startups
New projects in any industry are vulnerable, lack orientation, lack of resources and lack of proper incentives.
In the end, the idea you are trying to implement can be great, but the whole thing will go nowhere without quality support.
Binance Launchpad will provide the resources a new project needs. It gives the project an opportunity to present their ideas to 10 million Binance users and potential investors.
Why should I buy IEO on Binance Launchpad?
Binance stated that the process of selecting projects to list on Launchpad is very strict. Some 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 wider cryptocurrency ecosystem.
These reviews will provide specific information about a project to 10 million users, and help users determine whether they want to invest in the project or not.
He Yi, the co-founder and Marketing Director of Binance, discussed the matter on Weibo.
I want to clarify that projects on Binance are popular because they are of high quality and low prices.
But once a project is listed, its price will be determined by the global cryptocurrency market and time will tell us which project is good.
In an interview with blockchain BlockBeats, Binance CEO Changpeng Zhao (CZ) also said that the fluctuation of the token price is determined by the independent behavior of the market and will never be manipulated by Binance.
That is why Binance Launchpad attracts so many investors.
Those projects have IEO on Binance Launchpad
So far, 13 IEO projects have opened for sale on Binance Launchpad. You can find out about 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)
- Cartesi (CTSI)
There are projects with huge returns, some of which have failed to hit the floor price.
But most of them discount in the long run until now I update the article. So when you join do not apply HOLD to DIE tactics.
Read the instructions and evaluate the project before investing
Of course, before investing in any project, you should research it deeply.
In each project, Binance Launchpad provides important, detailed information and places it under the request tab to ensure that it is easily accessible.
In addition, Binance has set up a research center, where they conduct in-depth assessments for each listed project.
Blogtienao advises you before investing in any project, read the full report on that project. There will be quite a lot of interesting things in there.
In addition, you must check that you meet the requirements of that project.
My Personal Evaluation of IEO on Launchpad
I am also a cryptocurrency investor, I have also participated in projects on Binance Launchpad.
At first, it was difficult to buy, but after making a lottery, it was probably easy to buy IEO.
High profitability. Because I personally have had a bit of success trusting Binance Coin and the IEOs on it.
My investments are weekly, monthly, and growing.
My investment style is just aiming at the low price of Binance Coin, looking at its development potential, then investing, as a genuine holder.
When you become a BNB holder, you have the flexibility to use that BNB as a condition of joining IEO. Interest born again hit the next BNB purchase.
Since then increasing the number of BNB, increasing tickets to join IEO.
Conditions for participating in buying IEO on Binance Launchpad
To join IEO, of course, you must comply with Binance's conditions that are:
- Having account already has Binace has KYC
- That account must hold full BNB by the specified date.
Depending on the number of BNB you store, you may receive the corresponding amount of tickets.
|Average number of BNB daily (X)||Number of tickets|
|50 ≤ X <100||1|
|100 ≤ X <150||2|
|150 ≤ X <200||3|
|200 ≤ X <250||4|
|250 ≤ X <300||5|
|300 ≤ X <350||6|
|350 ≤ X <400||7|
|400 ≤ X <450||8|
|450 ≤ X <500||9|
|X ≥ 500||10|
How to buy IEO on Binance Launchpad
Step 1: Access to https://launchpad.binance.com/ and log in to your account.
Step 2: Select the IEO you want to buy, in this case, Harmony (ONE). You just need to click on IEO which is about to take Harmony.
Before buying, you should calculate the amount of BNB you want to invest to ensure that you have enough BNB in your account.
Before the IEO, there will be a day for you to "Withdraw Your Ticket". Right below the line "Your Lottery" there will be a "Claim Ticket" button.
Clicking to confirm your ticket, clicking means agreeing to their IEO terms and conditions.
As you can see, after pressing, it will show the sequence as in my picture, I have 5 tickets.
After the withdrawal time is over, IEO will take place according to the time they announced, usually around 13-15 PM, if there is a winning ticket, the BNB you hold will be deducted from your account.
Pictures of winning tickets are as follows:
The number of tokens you have won, it will always be in the token wallet in your Binance account.
And then you just need to wait for the listing date, and sell IEO to take profit. According to my habit, I will close out to increase the number of BNB, take profits to trade BNB ... And what you do is up to you.
Countries cannot join IEO on Binance Launchpad
Afghanistan, Burundi, Belarus, Central African Republic, Congo, China, Ethiopia, Guinea, Guinea-Bissau, Iraq, Iran, North 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 joining 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
- Risks on exchanges
- Risk of floor token price used to buy IEO
- The risk of a bad IEO, ...
Virtual Money Blog Hopefully, in the above article, you find the information you want. After all, we just want to remind you of one thing.
In any case, before investing, you have to thoroughly understand the project. Choose reputable platforms to minimize risks and do not follow the movement.
If you care about this trend. Remember to follow our Social channels as well as follow the latest updates on Category Investment by Blogtienao.
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