In 2019, Binance introduced a fundraising platform for promising crypto projects - Binance Launchpad. A substantial user base and reputation of the Binance exchange give the upcoming projects a competitive advantage and present it to the wide crypto community. Binance IEO Launchpad, as an integral part of the Binance ecosystem, requires staking BNB coin for participation in the token sales. Binance Launchpad projects list includes 76 launched crypto startups with over $104M funds raised. Binance IEO platform kick-started such projects as Axie Infinity, Polygon, and The Sandbox.
Binance, the leading global cryptocurrency exchange, is known for its solid reputation in the crypto community. The company’s ecosystem encompasses versatile services to cater to crypto adopters: the exchange, NFT marketplace, mining pools, crypto loan services, BNB chain protocol, Launchpool and Launchpad Binance, Charity Foundation, and more.
So, a fair question arises: “What is Binance Launchpad?” It’s an extremely powerful tool for crypto startups for a token launch. Projects fortunate to launch with Binance receive inclusive support and are backed by the trustworthiness and reliability of the company. Besides, the Binance launchpad projects can benefit from the exposure to the robust Binance community base, comprehensive marketing support, networking, and fundraising opportunities.
Now, let’s dive into how to participate in Binance Launchpad.
You can check out the upcoming Binance launchpad projects on the company’s website.
In September 2020, Binance expanded its crypto services by introducing Binance Launchpool. Let’s delve into a comparison of Binance Launchpool vs Launchpad. Just like IEO Binance, the launchpool introduces promising crypto token projects to the Binance community and assists them in launching and growing. But the main difference is that yield farming lies in the core of the Binance launchpool. Accordingly, it allows users to earn free tokens by staking BNB, BUSD, and other coins in the liquidity pools.
If you’d like to apply for Binance ICO, Launchpool, or get your token listed on Binance - fill out the Binance Launchpad application form. Keep in mind that Binance launchpad requirements are strict, so the team must develop a well-thought-out business model and tokenomics, have at least MVP, and the project should have scalability potential and positively contribute to the crypto community. In the company’s blog, Binance CEO, Changpeng Zhao, released tips on how to go through due diligence successfully. CZ emphasizes the importance of building a strong project foundation as well as transparent and professional communication.