IEO is an effective form of investment that brings high and long-term returns to investors. However, there are also many projects that take advantage of the unclear information because the project has not been officially launched to scam investment money. However, the projects launched on Binance Launchpad are almost completely trusted by investors, so what is the reason?
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
Here are the reasons why investors trust and choose projects on Binance Launchpad
1. Launch token in a trusted platform
Binance Launchpad provides a way for new crypto projects to raise capital from a platform already used by most of the crypto world. As the world’s leading exchange, Binance already has access to crypto holders and investors who are potentially interested in early access to high-quality token sales. .
2. Protection for both users and projects
Binance takes care of its crypto users with top-notch security and this extends to token sales as well.
By using Binance Launchpad, crypto projects don’t have to worry about creating their own fundraising platform and don’t risk being targeted by bad guys. Meanwhile, investors don’t have to worry about withdrawing from Binance, where they primarily use their crypto assets and take on the risk of unnecessary losses.
3. Rapid growth for worthy crypto projects
When projects are introduced on Binance Launchpad, they are essentially exposed to millions of Binance users globally and projects launched through it will be listed and have world class liquidity. world with many trading pairs.
Launchpad is a key part of Binance’s comprehensive support when it comes to supporting blockchain startups. When a crypto project qualifies for a token offering on Launchpad, it essentially gets support from Binance for initial token issuance, as well as guidance from investment teams and listings of Binance, who review and rate each project that applies to Launchpad.
4. Fair distribution of tokens initially offered
Binance Launchpad uses a lottery system to distribute tokens. When a new IEO is announced, a snapshot is taken of potential investors’ BNB holdings for a certain period of time which varies by sale.
After the BNB holding period, a ticket claim button will appear for 24 hours for users who need to confirm their lottery ticket, after which the lottery will start and the winner will automatically allow the user to return. become an IEO participant in exchange for BNB tokens. The number of tokens that investors can hold depends on the total amount committed and is subject to individual limits.
Binance uses this lottery system for Launchpad to ensure that the tokens offered initially reach as many people as possible. There is no need to worry about some crypto holders owning most of the circulating supply, which bodes well for the prospect of a crypto project.
5. Long term success potential for both project and crypto holders
Since launch, Binance Launchpad has raised a total of $57.8 million in funding for 23 completed projects, thanks to the participation of 1,498,542 unique participants of all time. While the results may vary from token to token, Launchpad has generally made launch projects remarkably successful.
Combined with the relentless efforts of cryptocurrency projects featured on Launchpad, the IEO model has yielded great results, reflected in the performance of some of the best performing projects to date.
Conclusion
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. It is for these reasons that the projects appearing on Binance Launchpad attract the attention of investors.
Either way, before investing you must learn about the project thoroughly. Choose reputable brokers to significantly reduce risks and do not follow the movement.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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