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Binance Launchpad: The Last 6 Months of Token Launches

2022-05-09

TL;DR

2021 was an exciting year for Initial Exchange Offerings (IEOs), with many new blockchain projects emerging on the crypto scene. The exclusive token launch platform Binance Launchpad assists such projects in raising funds, as well as spreading awareness about their projects and new tokens.

What is Binance Launchpad?

Binance Launchpad is a unique platform that allows users to have first-look access to promising new crypto tokens from various projects. It also helps drive awareness and adoption for these projects.

Previously, blockchain projects had to stage their own Initial Coin Offerings (ICOs) to fundraise for their growth, which was far more unlikely to produce impressive results. The creation of an exclusive token Launchpad helped streamline and secure the process of crypto crowdfunding, as well as remove the vulnerability and risk many ICOs previously faced.

Before accepting a project, Binance investigates the crypto project thoroughly. We need to ensure that the project has reached an appropriate level of maturity, offers a scalable infrastructure, and is genuinely beneficial to the overall blockchain and crypto community.

Binance Launchpad has raised funds for over 60 projects since its inception in 2019. Let’s find out more about the most recent Launchpad projects:

STEPN (GMT)

The latest project on the Binance Launchpad was also amongst the most fruitful ones to date. The “move-to-earn” fitness application equips users with a Sneaker NFT and encourages them to head outdoors to earn tokens in exchange for steps. Furthermore, every sneaker has different qualities and attributes and can even be personally customized.

STEPN’s governance token is GMT. Following its ICO, the token surged over 300% in just four weeks, generating a substantial profit for the project in the first quarter of 2022. STEPN plans to use its profit to expand its ecosystem.

Alpine F1® Team Fan Token (ALPINE)

Previously known as the Renault F1 Team, the BWT Alpine F1 Team made its debut in the Formula One World Championship in 2021. French automobile manufacturer, Groupe Renault, rebranded the team to promote its sports car brand, Alpine.

In an effort to empower fans to interact and engage with the team, BWT Alpine F1 Team launched its own native utility token. Issued on the Binance Smart Chain (BSC), the Alpine F1 Team Fan Token (ALPINE) allows users to influence team decisions via exclusive voting rights, accumulate collectibles and NFTs, as well as access special fan rewards.

The ALPINE token’s value increased by 6.6% following its launch in just six weeks. It is now available to the Binance Fan Token community and other Binance users via spot, P2P, and bank card purchases.

League of Kingdoms (LOKA)

As one of the world-leading blockchain MMO games, League of Kingdoms allows players to build their own kingdoms, join alliances, grow armies, and expand their dominion across virtual NFT lands. League of Kingdom’s gameplay is similar to that of a traditional RTS (Real-time strategy).

League of Kingdom’s native governance token is LOKA, which can be used as a currency inside the game, and for in-game store purchases such as special NFT assets. The token can also be used to create and vote on on-chain governance proposals to determine future policies, features, and content. Following its launch on Binance Launchpad, the token surged 34% in three months.

Voxies (VOXEL)

Voxies is a free-to-play, fast-paced RPG game. Players can explore the virtual world of Voxtopia via collectible 3D voxel buddies that live on the Ethereum blockchain. There are over 10,000 Voxies, and each one is a unique, directly owned NFT. 

Voxies’ native utility token is VOXEL. The token can be used for all in-game functionalities, such as purchasing items in the Voxies’ marketplace. To earn VOXEL, players can complete in-game tasks, participate in PVP battles, explore the virtual world of Voxtopia, and more. Following its ICO on Binance Launchpad, the token price leaped by 10% in four months.

FC Porto Fan Token (PORTO)

FC Porto is a Portuguese professional sports club best known for its football team, nicknamed the Dragões (Dragons). FC Porto is amongst the most prominent clubs in Portugal, having appeared in every season of the Primeira Liga since 1934. The team won numerous domestic and international trophies and is the third team with the most appearances in the UEFA Champions League after Barcelona and Real Madrid.

To empower fans to engage with the club’s activities, FC Porto released PORTO, a native BEP-20 utility token. PORTO is built and issued on the Binance Smart Chain, and is integrated into the Binance Ecosystem so token holders can access various Binance features. Most importantly, PORTO enables fans to influence club decisions by voting on FC Porto affairs. Following its ICO on Binance Launchpad, PORTO’s price leaped by 4% in four months.

Lazio Fan Token (LAZIO)

S.S. Lazio, nicknamed “Lazio”, is a professional Italian football club based in Rome. It’s best known for having won the Coppa Italia over 7 times and the Supercoppa Italiana three times. The team has also held victories at both the UEFA Cup Winners' Cup and the UEFA Super Cup. Lazio plays in Serie A, and has a long history as a well-established participant in top-tier Italian football.

S.S. Lazio launched the LAZIO token to help improve the fan experience and offer fans an opportunity to engage with the club in multiple ways. Through Lazio, fans can access exclusive voting rights, gamification features, and digital collectibles. LAZIO was built and issued on the Binance Smart Chain and is part of the Binance Ecosystem. Since the token’s ICO, its value grew by 4.4% in 5 months.

Binance Launchpad vs. Binance Launchpool

Binance Launchpool, while similar in the way it operates, is not to be confused with Binance Launchpad

Binance Launchpool allows users to stake their crypto tokens in liquidity pools of emerging blockchain projects. Once a new Launchpool starts farming, users can stake their tokens to the supported liquidity pools. 

Rewards are calculated on a daily basis, based on:

  1. The amount you’ve committed/staked

  2. The total amount of tokens committed to the pool

Rewards are allocated on an hourly basis and split evenly every day and you can harvest these rewards at any time. Once the token goes live 7 days into farming, you can trade it on the Binance spot market.

Users can unstake their tokens at any time. When the farming period is over, all the tokens you've committed will be automatically transferred back to your Spot Wallet.

Ongoing or past Launchpools can be found under [Earn] - [Binance Launchpad]. You can follow the Binance Announcements Telegram channel to be notified of any upcoming Launchpools.

The key difference between the two is that Binance Launchpool allows you to earn rewards via yield farming. All you have to do is commit BNB or another token, to the project for a certain period of time, and you’ll get a chance to buy an upcoming token in the ICO.

Still confused? Read more about Launchpad vs. Launchpool here.

Getting started with Binance Launchpad

The first step is to sign up for a Binance account and complete Identity Verification.

You will then need to fund your account. There are multiple ways to do so. Binance allows you to fund your account with a fiat currency, which you can then convert to crypto, or via crypto deposits from external wallets. 

The final step is to convert your funds into BNB, the crypto you need to commit to a project on Binance Launchpad.

Participating in a Token Launch

Go to [Binance Launchpad] under [Earn]. There, you can find which project is preparing to launch its token sales. If a project is available for subscription, you will be able to commit BNB to this specific project.

The subscription/calculation period typically lasts 7 days. During this time, Binance will calculate your participation limit based on your average BNB balance over a set period of days.

After that, you will be given a short period of time (1 hour) to commit your BNB. Make sure to follow the Binance Announcements Telegram channel to not miss this window.

Head over to the Launchpad page and click [Commit BNB]. You will see your maximum commitment limit based on the BNB amount in your Spot Wallet. If you have BNB in another wallet, please transfer them to your Spot Wallet first. 

Once you’ve committed your BNB, they will be temporarily locked and will not be redeemable until the final token distribution period. After deducting the relevant amount of BNB and distributing the tokens to your Spot Wallet, the remaining BNB will be unlocked and transferred back to your wallet. 

Following the final token allocation, Binance will open trading for the new token. You can choose to hold your tokens, or trade them on the spot market.

Important note: Before you participate in any project, make sure to do your own due diligence and research. For example, you may refer to the in-depth, unbiased insights Binance Research provides for every Binance Launchpad project.

Still have unanswered questions?

Read our FAQ on Binance Launchpad to get a detailed understanding of how it works.