Binance, being the number one cryptocurrency exchange in the whole world, has several amazing features that every trader can take advantage of. In this article, we will be discussing one of these features, the Binance launch pad.
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What's Binance Launchpad?
Binance Launchpad is a token launch platform operated by Binance. It provides a platform for blockchain projects to raise funds and launch their tokens through a token sale event called an Initial Coin Offering (ICO) or Initial Exchange Offering (IEO). Since its inception, 70 projects have launched successfully on it, with a total fund value of $110,347,693 raised from 3,979,723 unique participants.
Some projects that launched on the Binance platform include:
1. Mc 2. Qi 3. Santos 4. City 5. Mbox 6. etc
Important notes about the Launchpad:
1. Binance Coin (BNB): BNB, the native cryptocurrency of the Binance exchange, is usually used as the primary currency for participating in token sales on Binance Launchpad.
2. Selective Project Listings: Binance Launchpad carefully selects projects to be featured on its platform, conducting due diligence to assess the project's potential, team, and technology.
3. Token Allocation: Users often commit a certain amount of BNB or the required coin for a chance to win an allocation. The launch pool size and total amount committed by users are considered in the allocation.
In conclusion, you're required to read and understand the terms and conditions before venturing into Launchpad, which might pose its own risks.
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