List of binance launchpad projects8/15/2023 ![]() The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). If you decide to use BNB tokens, those will still count towards your Launchpad lottery ticket requirements, and upcoming airdrops, and will still help you to accrue other VIP benefits. But you do need at least 0.1 of whichever token you want to farm. You don’t need to meet any stringent criteria to farm through Launchpool. From there, select the pool you want to stake in, type in however many tokens you want to commit, and then click “Stake.” That’s it! Once you have an account, you need to log in and then head over to the Launchpool page. To earn some cash from farming through Binance Launchpool, you need a Binance account. From this point on, you can add to your investment, withdraw your tokens, or trade your rewards whenever you want. At this point you and all the other investors can trade your accrued tokens. The quantity of tokens you accumulate varies by how much crypto you stake, the advertised return ( APR), and the total quantity of crypto committed to the pool by you and all the other investors.įollowing the first seven days of a new project’s farming period, Binance lists its token on the spot market. Launchpool calculates new rewards every hour from the moment you stake your tokens. Those tokens have since accrued billions of US dollars in value. So far, Launchpad has raised funds and rolled out more than sixty crypto projects since 2019. Launchpad alumni are a remarkably successful bunch. As readers who use Binance will know, whenever the exchange works with a new project (especially the Launchpad ones), its media and marketing materials will be advertised all over Binance’s website and social media accounts.Īdditionally, once a project officially launches, its token is listed on Binance’s spot market with multiple trading pairs, which can provide some much-needed daily trading volume.Īnd let’s not forget that those projects who work with Launchpool are checked and verified by Binance, which lends them some serious credibility in the wider crypto community. For instance, easy access to Binance’s community of investors.Īnother benefit is an easier marketing strategy. Launchpad gives new crypto companies a wealth of benefits and advantages they wouldn’t otherwise have. Why Do Crypto Startups Want to Work With Launchpad? Lottery tickets for Axie Infinity, for instance, were at one point worth an astonishing $250,000, according to Yahoo. Speaking of success stories, Launchpad has provided investors with some visible returns in the three years it’s been up and running. ![]() Again, the more money you invest, the more tokens you will earn. ![]() The number of coins you can earn depends on two factors: how many lottery tickets you claimed, and the total amount of crypto invested by all the investors through the IEO. Once the IEO ends, Binance will automatically distribute your newly accrued tokens. The lottery then takes place, and the winners automatically participate in the Launchpad IEO event. Once the time ends, a “claim tickets” button appears for a 24-hour period, during which you can confirm them. To claim your lottery tickets, you’ll need to commit some crypto to a holding period, as discussed above. ![]() Obviously, the more BNB tokens you hold, the more lottery tickets you can claim, and the more tokens you can earn from the IEO. Its mechanism lets you claim up to five lottery tickets based on a snapshot of your BNB token holdings over the previous twenty days. To rectify this, Binance introduced a lottery system to democratize the token-buying process. Had this continued, one or two wealthy individuals could have had controlling stakes in some major crypto projects, damaging their claims to operate in a decentralized way. This inevitably led to whales buying up all of the tokens and squeezing out smaller investors. Once the period is up, Binance lists the project’s tokens on its spot market, and you can freely trade your new tokens.ĭuring the first few Launchpad IEOs back in 2019, investors could buy up as much of a Launchpad project’s token allocation as they wanted. During this window, you cannot withdraw these tokens. When you invest in a crypto project through Launchpad, you need to lock up some crypto for a set time, usually seven days.
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