Binance Launchpad is a token launch platform created by Binance, being one of the world's largest cryptocurrency exchanges. This program was launched in 2018 with the goal of providing blockchain startups with a secure and efficient way to raise funds.
Launchpad projects are selected by Binance based on a number of factors, including :
The team's experience .
The project's technology.
The potential market demand.
Once a project is selected, it goes through a rigorous due diligence process before being listed on Launchpad.
Investors who want to participate in a Launchpad sale must first stake $BNB BNB tokens. The amount of #BNB that an investor can stake is determined by their tier level, which is based on the amount of BNB they have held in their Binance account for a minimum of 7 days.
The sale is conducted in two phases: a subscription phase and a lottery phase. During the subscription phase, investors can commit their BNB to buy tokens at a predetermined price. The total amount of BNB committed determines the hard cap for the sale.
After the subscription phase, a lottery is held to determine which investors will be allocated tokens. The odds of winning the lottery are determined by the amount of BNB that an investor committed.
Tokens are distributed to winning investors within 24 hours of the sale. Investors can then trade their tokens on Binance immediately.
Since its launch, Binance Launchpad has helped to raise over $1 billion for blockchain startups. Some of the most successful Launchpad projects include:
BNB $BNB (Binance Coin): The native token of Binance exchange.
CAKE $CAKE (PancakeSwap): A decentralized exchange built on Binance Smart Chain.
XRP (Ripple): A cryptocurrency that facilitates cross-border payments.
FTT (FTX Token): The native token of FTX exchange.
MATIC (Polygon): A Layer 2 scaling solution for Ethereum.
And many others…
Binance Launchpad has been praised for its transparency and security. It has also been credited with helping to legitimize the cryptocurrency industry. However, Launchpad has also been criticized for its high gas fees and its limited selection of projects.
Overall, Binance Launchpad is a valuable tool for blockchain startups that are looking to raise funds. It provides a secure and efficient way to raise capital, and it gives investors the opportunity to get in on the ground floor of promising new projects.
