The latest Binance IEO is here, and for those who hold#bnbfor a long time, there is some extra income. This IEO project belongs to the Web3 track and is an educational project called Open Camppus with the token #EDU. Still based on the investment model, the BNB holdings on Binance for 5 consecutive days starting from last Sunday are calculated to obtain the investable qualifications, and the quota is finally allocated based on the actual amount of BNB invested. This model basically belongs to the "even rain and dew" type. No matter how many BNBs you hold, whether you are a large or small household, you can participate. You can't eat big meat, but at least you can drink soup.

Different from the past joy of "long drought comes rain", this IEO has some controversy, mainly in the overseas Chinese KOL self-media circle. The controversy is that Open Campus (hereinafter referred to as EDU) is too new, and public information shows that the project is not very long. , the project’s official Twitter was registered in March this year, so some KOLs questioned Binance’s lax control of the IEO project, suspecting that it was a “relationship” project.

In fact, judging from the history of Binance IEO, these so-called disputes are actually quite common, and there are more than one. Especially in the early days when Binance started to engage in IEO, the project was more controversial at that time, but perhaps because of the controversy, it may Breed greater investment opportunities. After all, in a market, it is normal to have disputes, but it is abnormal to have consistent expectations.

Today, we are not talking from the perspective of an observer, but from the perspective of an ordinary user, about the so-called "controversy", why it occurs, and how to deal with it. Binance was established in 2017. The author also registered as a Binance user at that time and experienced almost every IEO. Let me talk about Binance’s IEO from a user’s perspective and a historical perspective.

Binance’s first IEO project GIFTO and second IEO project Bread in 2017. At that time, because my main trading battlefield was not Binance, I didn’t pay much attention to these two projects and did not participate. I really started to pay attention to Binance. IEO was the third project of BTT in the spring of 2019. Since then, it has begun to pay attention to and participate in more than 30 IEO projects, among which the 100x and 1000x coin projects were born.

Why was BTT, the third IEO project, so impressive? I remember that it was the beginning of 2019, and we had just gone through an extremely cruel bear market. At the end of 2018, with the controversy and fork of BSV and BCH, the entire crypto circle fell sharply. It was the first time that I felt the cruelty of the bear market. Many people cut their losses and left the market. The entire market was dead and lifeless. In 2019, Binance announced the first IEO project of the year, BTT, which brought a new atmosphere to the currency circle, but the controversy of this project at that time was much greater than that of EDU today. Because BTT is Justin Sun's second project. Justin Sun (founder of tron) has always been a controversial figure in the currency circle. He is good at marketing (traffic) and cutting leeks. The old people are afraid of Justin, and his projects basically take a detour. The author also has a negative impression of him. I think he is coming to the market to cut leeks again. I am extremely pessimistic, so I didn't participate. There are many people in the market who have the same idea as the author. As a result, they were slapped in the face. The opening price increased by more than ten times compared with the subscription price, and the price stabilized. I regretted not participating!

After experiencing the first failure, I thought I must participate in the second IEO. About one month after the release of BTT, the second IEO project FET in 2019. FET is an artificial intelligence project. After careful research, there is very little public information on the FET project. There is only the official website and almost no third-party information. After looking at the official website, I found it to be very simple and a little disappointing. It was very similar to some unreliable projects in the 2017 ICO wave. Then there were rumors that FET was a related account of Binance’s senior management. Based on this information, the second time, I still kept my money and did not participate. The result was that it was slapped in the face for the second time, and it was even more swollen. The opening price increased by more than ten times. The second time, another perfect miss.

Therefore, from the more than 30 IEO projects behind Binance FET, I participated almost every time. The early IEO was based on a lottery model, so even if you participate, you may not win. There is a certain amount of luck. Anyone who wins the lottery will have an increase of almost 10 times on the opening day. If you don't win, you will not lose. In 2019, Binance relied on IEO to drive a wave of bull market in the industry. Platform tokens such as BNB, OKB and HT all experienced considerable gains. Later, as the price of BNB increased, Binance adjusted the participation rules and changed it to an investment model in order to allow small investors to participate. It is distributed in proportion based on the amount of investment. As long as you participate, you will gain.

Having participated in so many IEOs, the summary is as follows:

1. All the IEO projects that Binance has issued have not broken. After the opening, the price is basically more than 10 times the subscription price. After short-term selling pressure, it can probably maintain several times the profit, regardless of bull market or bear market. So true. I have also participated in IEOs of other exchanges, but I couldn't do it. Many of them were slow and lost money after going online. I won't mention the specific names, and some exchanges are no longer there.

2. Binance has been adjusting its participation methods so that most BNB holders, large and small, can participate and gain benefits. The early lottery mode was more conducive to large households. Users with few BNBs had a very low probability of winning. After adjusting to the investment mode, everyone who participates can get quotas. We take more care of the feelings of the majority of users. After all, retail investors are the majority.

3. The Binance IEO project breeds hundreds of opportunities. In the Binance IEO project, there are many outstanding projects with hundreds of times and thousands of times the potential. The key is to be able to see accurately and hold on. It requires a little luck. If you encounter the bull market, there will be miracles. For example, matic, axs and sand, which I missed personally, basically won the lottery for these three projects. After the market opened, Meizizi sold them and made ten times the profit. But in 2021, these three projects have experienced another increase of dozens or hundreds of times, breaking their thighs.

4. The IEO projects launched by Binance cover almost every track, including public chains, exchanges, Defi, Gamefi, L2, Web3 and infrastructure, etc., and are usually very advanced. Therefore, when looking at many projects during IEO, many people would not understand them. For example, take matic in 2019, which is a second-layer network expansion project of Ethereum. It is the L2 track that is very popular this year. At that time, I had no idea what L2 was or what L2 could do. Now matic has grown. It is the 9th-ranked project by market value. Because of matic, I started to learn L2 related knowledge, learned about op and arbtrum, and unexpectedly received airdrops for two projects last year and this year.

5. Binance has recently paid attention to the education track. In fact, looking back at these IEO projects of Binance, they are almost all launched at least half a year ahead of the overall launch of the track. For example, the Gamefi projects sand and axs in 2020 really exploded in 2021; the Play to earn project Stepn in early 2022 brought a bunch of XXX to earn projects to the forefront. This time, we invested in the education track, and we can pay attention to the relative opportunities of this track in the future.

Strategy for EDU:

Some people ask, is the EDU project good? There is little information available now, so it is difficult to judge. In fact, even if there is more project information, it is still difficult to judge, because this track is almost a new track, and there are no successful cases to follow. After a rough search, I didn’t see any other better similar projects, so it doesn’t make much sense to worry about the length of time the Open Campus project has been established.

But one thing is certain, you must participate in Binance's IEO, which will bring short-term benefits. Whether the EDU project is good or not, and whether it is worth long-term layout, can be observed again. It takes time, but it does not prevent short-term participation in IEO to make profits. As the industry leader, Binance can theoretically see farther than ordinary people. Binance's every move has attracted the attention of the entire industry, so the education track is also worth tracking in the long term.