What is Binance launchpad? How to use Binance for Newbies
Perhaps the concept of Binance Launchpad is no longer strange to individuals and businesses who are participating in or learning about the cryptocurrency market today. But not everyone understands what is Binance launchpad? Why are people and families flocking to buy IEO projects on Binance Launchpad? At the same time, to participate in investing on Binance, what conditions must be met and how to do it? Find out with cryptobnb now !
What is the Binance Launchpad definition?
Understanding the concept What is Binance Launchpad?
Binance Launchpad is simply understood as “the only token launch platform available at Binance”. This is a utility platform that helps attract investors to invest in Blockchain projects through IEO fundraising.
At the same time, this virtual currency exchange also provides the most powerful network, bringing projects closer to and closer to the global community. In contrast, Binance users will be introduced and provided with information about the most potential and quality projects from the world's number one electronic exchange Binance Launchpad.
Usually Startup will have to take care of everything from AZ for any project. But now that there is Binance Launchpad "weighing it all", it is not only a token platform but also provides a complete package of knowledge, network, capital, and investment experience. Then the rest of the project is to focus on developing and showing customers outstanding features in real applications.
“ In 2019, startups will be launched on the Binance Launchpad platform to reach the large ecosystem in the global cryptocurrency sector. At the same time bring many benefits to investors around the world ”.
Changpeng Zhao ( CZ ) – the talented CEO of Binance also said: “ The push to sell tokens into the optimal Launchpad platform is one of our next efforts. With the aim of creating a token investment environment of prestige, quality and scale, paving the way for a safer market that not only stops in 2019 but also develops beyond .”
According to the latest source, the world's number one cryptocurrency exchange Binance claims that: Every month, at least one new quality project is launched on Binance Launchpad to attract capital from investors through the market. through the token sale.
Some of the outstanding projects that Binance has successfully completed are: BitTorrent, Fetch.AI, BitTorrent, etc. Forms of raising capital from investors on electronic exchanges like these will be called IEOs, a The new form of capital calling has attracted many people to participate and respond.
Why does Binance LaunchPad attract investors when there is an IEO demand?
To understand why investors are attracted to Binance LaunchPad, you need to understand what an IEO is. IEO stands for Initial Exchange Offering - One of the forms of crowdfunding by offering tokens on Crypto electronic exchanges.
The biggest difference between an ICO and an IEO is the method of raising capital. For the ICO, the token will be offered directly from the project, and for the IEO, it will be sold through a reputable electronic exchange, such as Binance.
The reason why people and families responded and rushed to buy IEOs on the Binance LaunchPad platform and not any other exchange?
- Projects launched and tokenized on Binance Launchpad are rigorously tested and screened by seasoned experts. Therefore, investors will have access to quality projects with high potential and practical application.
- At the same time, Binance will help Blockchain projects reach a strong community thanks to the large global ecosystem from the exchange.
- And what many people are most interested in is that the IEO projects on the Binance Launchpad platform according to previous statistics have shown positive results, the expected profit numbers.
Expected profit numbers
It is because of these advantages that projects opened for sale on Binance Launchpad are highly appreciated by the Crypto community and have great expectations every time they are introduced. For you to have a more detailed and realistic view, below are the projects that raise capital on the Binance LaunchPad platform as well as the profits that individuals and businesses earn for themselves.
Huge profits that customers earn when investing in IEO projects on Binance LaunchPad
Up to now, more than 13 IEO projects have been opened for sale on Binance Launchpad with successful results that exceed expectations. Here are the top 6 most prominent and typical IEO projects that you can refer to and learn more about as follows:
BitTorrent (BTT)
Project BitTorrent (BTT)
BitTorrent is a Blockchain project acquired by TRON, with the aim to solve the problem of peer-to-peer data fold sharing. BitTorrent's protocol shares rights with new content creators by distributing content directly to others on the website.
- Open for sale: January 28, 2019.
- Amount to call: 7,200,000 USD.
- Accepted: TRX, BNB.
- IEO selling price: 1 BTT = 0.00012 USD.
- Highest price after listing: 1 BTT = 0.00126 USD.
- After listing, the highest ROI is: 962.5%.
Fetch.AI (DONE)
Project Fetch.AI (FET)
Fetch.Ai is a decentralized, AI-driven network blockchain. Transactions will be conducted based on Autonomous Economic Agents (AEAs) - digital entities capable of transacting with each other without human intervention. These entities are likely to represent the owners, services, and devices themselves.
- Open for sale: February 25, 2019.
- Amount to call: 6,000,000 USD
- Accept payment: BNB
- IEO selling price: 1 FET = 0.0867 USD
- Highest selling price when listed: 1 FET = 0.47192 USD
- After listing, the highest ROI is: 444.29%
Polygon (MATIC)
Project Polygon (MATIC)
Polygon (MATIC) is a Layer 2 project, this project helps users to improve some outstanding problems on the Ethereum network such as the transaction speed is too slow, the cost to perform other transactions is quite expensive. high. In addition, scalability is tight and limited.
- Opening time for sale: April 27, 2019.
- After listing, the highest ROI is: x1003 times.
- Current ROI: x425.88x.
Elrond (EGLD)
Project Elrond (EGLD)
Elrond Network (EGLD) is a project to improve the public blockchain structure more complete. Which focuses mainly on scalability, safety and high performance for users. At the same time, it increases the interoperability and interoperability of Blockchain while still ensuring the decentralized factor.
- Open for sale: 5/7/2019.
- After listing, the highest ROI is: x378 times.
- Current ROI: x130.53x.
WazirX (WRX)
Project WazirX (WRX)
WazirX (WRX) is known as a centralized virtual currency exchange (CEX) officially launched and started operating from March 2018. This is an exchange that hits the cryptocurrency market in India - One of the most populous countries in the world with more than 1.3 billion people.
- Opening time: 6/2/2020.
- After listing, the highest ROI is: x317 times.
- Current ROI: x58.16x.
Axie Infinity (AXS)
Project Axie Infinity (AXS)
Axie Infinity (AXS) is an online game project operating on the Blockchain platform (NFT Gaming) – This is considered a new solution to extend Layer 2 for Ethereum, they mainly hit the games segment.
The content of this game is that participants will accumulate and nurture imaginary creatures called Axies and they are the premise for players to earn money. In particular, the national television station VTV (Vietnam) also introduced and mentioned the name of this game. It is like a game that the community is participating and responding to a lot in recent times.
- Opening time: 4/11/2020.
- After listing, the highest ROI is: x113 times.
- Current ROI: x50.79x.
Objective Reviews Binance Launchpad
From the perspective of “Hold BNB a lot and for a long time ⇒ Opportunity to become a genuine holder, increase the number of Launchpad tokens higher”, the operating mechanism of the Binance Launchpad platform is quite fair and transparent.
In addition, Binance Launchpad also supports the software to automatically fight against Whale whenever the tier occurs any restrictions. Bargain ensures the fairest, most transparent for participants in the allocation of tokens.
However, sometimes being too fair causes some negative problems. For example, when there are too many investors involved, the capital investment is quite a lot, but the number of tokens purchased is very limited. This very easily leads to a large Token x situation but the result is a loss (the case with Launchpad took place on Raydium).
Detailed instructions on how to buy IEO on Binance LaunchPad quickly and simply
Step 1: Determine exactly how long to hold BNB
The first thing before participating in buying IEOs on Binance LaunchPad is to carefully calculate your Participation Limit. The Participation Limit will be determined by the average BNB balance you own over a certain period of time, usually 7 days. During this time, participants are not allowed to staking or perform any further activities with their BNB.
Step 2: Subscription Period – Commit BNB
When it's time to sign up, you'll use your Spot BNB wallet number to commit. This amount must not exceed the Participation Limit to receive Launchpad tokens.
Step 3: Binance will calculate the number of Tokens for final allocation
After the end of the BNB registration period, After the BNB commitment period expires, Binance will perform a calculation to summarize the amount of tokens each user bought and owned in a period of 1 hour.
Step 4: Allocate LaunchPad tokens and return excess BNB
Once Binance determines the number of tokens purchased by each user, your BNB will be partially locked, then deducted from Launchpad tokens. At this point BNB and Launchpad tokens will be automatically transferred to your own spot wallet.
Why should investors offer to buy tokens from projects on the Binance Launchpad platform?
Families and people flock to buy tokens from projects on the Binance Launchpad electronic exchange
This answer will have its own personal view and judgment. Readers can consult or learn for themselves as well as consult with experts in the profession to make the best investment decision. Do not be too subjective and see this as advice for a new investment opportunity.
Usually, whether you are looking for an investment opportunity in a certain coin project, there are two options. It is an investment for the “long term” or “short term”.
For long-term investment orientation, users should carefully consider and evaluate the project through many factors to ensure a high success rate such as: project idea, development potential, construction team, practical application features, community features, implementation roadmap, etc.
As for short-term investment, perhaps this orientation is not really for those who have long-term investment needs. If you feel it is not suitable for investment purposes, please ignore it.
What attracts me and makes me think that I should participate in projects that open to sell tokens on Binance Launchpad is “Binance”. Because this is the leading reputable exchange with the number of users reaching more than 10 million.
Any project, if approved and put on Binance Launchpad, is guaranteed to attract many investors, once the number of participants becomes large, it will create a scarcity of tokens and the price will increase. . In addition, Binance's marketing support is a great thing to help the project reach more community.
However, equipping yourself with a reasonable investment strategy is essential, here are a few common investment tips after buying tokens:
- Sold all after the sessions on the floor.
- Sell a portion of the token enough to break even and leave the rest for the long term.
- Half sold on the floor, the other half kept for long-term holding.
- After listing, sell two parts, keep the other part to hold for a long time…
Depending on your own investment strategy and purpose, then give the most appropriate method. If you find that the project is of high quality and has great potential, then the 2nd and 4th methods are the best that you can refer to.
Safe and Efficient IEO Buying Experience on Binance LaunchPad Platform (Verified)
Experience buying IEO effectively, improve success rate
After 2 rounds of IEO FET and CELR showing fiercer competition than university exams, smart investors have gathered a few experiences to buy IEO safely and effectively as follows:
Fast network connection
Fast and stable network transmission speed is a huge advantage in fast-paced and eye-catching games.There are 3 solutions to help optimize the network better.
- The first is to go to the shops or pull the network from those shops.
- Option 2 spend money to subscribe to high-speed 4G services.
- Finally, the most effective optimization method is to use VPS.
Since equipping yourself with a strong network is an important factor that cannot be underestimated, they will help you increase your success rate when investing in IEO.
Code tool auto buy
The second big advantage is using Code tool auto buy. Because Tool auto buy will help users minimize the time in entering the purchase quantity and operations to buy temporarily at the time of sale. This is a great advantage because no matter how fast your typing speed is, it will definitely not be able to surpass the machine.
Buy as many accounts as possible
Buy as many accounts as you can. Because owning more than 1 acc can bring a very high win rate and improve the probability of success. To implement the above plan, you should rely on close relationships to set up an account, then transfer money and ask them to buy it for you.
Please consider carefully because transferring money through an intermediary to buy this household also has many potential risks if they are not reputable. At this point, the money you give is likely to be scammed. Therefore, I encourage you to buy only with relatives or friends that you trust. At the same time, it is also necessary to find an exit method to avoid risks.
Fast speed training for hands
Practice good hand manipulation and computer skills, which will come in handy in the competition for speed. Sometimes the distance is only a small 1s, but some people have bought a lot, while others just show up empty-handed, etc. Therefore, equipping skilled skills in how to use computers at the time. Tech boom is essential.
Timely news updates
Always keep a close eye on information from groups to stay up-to-date on the most effective IEO buying technologies and tips today. To avoid cheat problems, Binance often changes the rules after each round of offering. Therefore, it is very necessary to get news from groups.
Frequently asked questions about Binance Launchpad
In Launchpool or BNB Vault, is BNB allowed to count towards each user's participation Limit?
The answer is yes! The calculation formula is similar to the previous Lottery Launchpad format. Your BNB is still allowed to be kept to yourself in Launchpool or BNB Vault, and the remaining balance will count towards each user's Participation Limit.
When do users commit BNB?
Users are only allowed to pledge their BNB for the correct subscription period.
What does the hardcap mean for each user on the Binance launchpad?
Hardcap per user means the maximum number of Launchpad tokens they are allowed to own. In particular, please immediately remove the thought, Hardcap is the maximum amount of BNB we are committed to. This is completely wrong.
During the daily average period, is the user's BNB locked?
The answer is no. Your BNB will not be locked and during this period BNB can be in any account if approved.
During the registration phase where is the locked user's committed BNB located?
During the signup phase, the user's committed BNB will be locked into a separate Launchpad wallet upon completion of the commit. Your BNB can be locked at any time without limitation during the registration period, even within the last 30 minutes.
When a user's BNB is in Launchpool or BNB Vault, can they commit BNB?
Users can pledge their BNB while in Launchpool or BNB Vault for the purpose of counting towards the Participation Limit. However, you must proceed to exchange BNB from Launchpool or BNB Vault to Spot wallet right during the registration period to confirm the BNB commitment.
What is the minimum amount of BNB a user can commit?
The minimum amount of BNB that each user can commit is 0.1 BNB.
Which countries are restricted from trading on the Binance Launchpad platform?
In some countries, the trading of projects on the Binance Launchpad platform will be limited and unpopular such as: Yemen, Serbia, Iraq, Burundi, Uganda, Belarus, Syria, South Sudan (South Sudan), Guinea, Central African Republic (Central African Republic), Venezuela, Congo, Libya, Ethiopia, Sri Lanka, Guinea-Bissau, Lebanon, Sudan, Ukraine, Somalia, Tunisia, Zimbabwe, Trinidad, Tobago, Afghanistan, Korea, China, Iran , Thailand.
The US country is restricted to some states such as: New Mexico (NM), Georgia (GA), Washington (WA), Hawaii (HI), New York (NY), Connecticut (CT).
As for Vietnam, it is quite fortunate that transactions here are not included in the restricted policy. If you are intending to invest in a project on an electronic exchange, choose Binance Launchpad.
Note: This is not a permanent list, as there are times when countries will have policies to change their laws and loosen the scale of Binance Launchpad operations.
Above are interesting knowledge about what Binance LaunchPad is , why Binance has become a trend that many investors participate in as well as some frequently asked questions when buying IEOs on the world's leading exchange. Binance. Hope readers can accumulate more experience to invest IEO on Binance LaunchPad effectively and earn high profits. Good luck!
