What are Binance Launchpads?
It is an Initial Exchange Offering (IEO) This is an Initial launch platform, where Binance gives good projects the opportunity to acquire capital by selling their token, these launches help the projects a lot to raise funds for themselves, as well as they make users aware of the functions, uses, awareness about their projects and new tokens.
How does that happen and how do I get into the game?
This happens so that the entrepreneur reaches agreements with the platform, indicates how much he wants to raise and in this way doing the research work, about the project, seriousness and importance in the ecosystem, for that Binance has an expert team in charge, If everything is in order and Binance agrees, the project is approved, the Investor enters any person who wants to buy the token, Obviously this happens In which people as investors have the power to choose, make an investment, acquire or buy said cryptocurrency to finance that project
Binance was one of the first platforms to make this product on its website,
This happens because in the cryptographic ecosystem there are projects, with good ideas and a large number of entrepreneurs, but for this project to come true they need financing or capital, there are other types of financing that we will tell you about in future posts.
Previously, the projects towards their own Initial Coin Offering (ICO) did it to achieve capitalization and to be able to develop the project idea they have, but with the creation of the launchpad token it is more effective, it ensures the crypto financing of the project, it is faster, and Eliminate all the risks and vulnerability that these projects face by making an Initial Offer on your own.
Binance has raised funds for more than 30 projects since its first time in 2019
Is IEO and ICO the same?
No, absolutely although the model is the same as the raising of capital for a project, it is not the same, the ICO was organized by the same Project and its founders and the IEO differs because the fact is facilitated by Binance, the projects They raise funds from the exchange's customer base. Binance also does respective research about the project.