In a word, this is Binance’s exclusive token issuance platform. Suppose there is a project through Binance Launchpad to raise capital. Conversely, if you are an investor, you can also choose a project recommended by Launchpad to buy tokens and invest in that project.
What Is Binance Launchpad?
Binance Launchpad is often called a “launchpad” for blockchain projects, helping these projects raise capital and help projects access the crypto ecosystem.
The projects, once introduced, will reach over 10 million Binance users. Meanwhile, Binance users will also have the opportunity to invest in projects by purchasing IEO tokens.
What is the process to get a project listed on Binance Launchpad?
A project on Launchpad must go through a standard Binance moderation process. If the project meets the strict requirements established, it will be accepted.
Binance Launchpad Review Factors
- The project has developed quite fully and matured.
- The project must be responsive and scalable.
- The project must have an experienced and dedicated work team.
- That project must have the potential for growth and development in favor of the crypto ecosystem as a whole.
If you have a project that meets the above processes and overcomes Binance’s censorship, it will be available on Launchpad. Then, your project will have the opportunity to draw users’ attention to Binance and they will invest by purchasing the token of that project.
How to invest in tokens on Binance Launchpad?
If you do not own a blockchain project but are interested and want to invest in similar projects. You can participate in the purchase of IEO tokens introduced on Binance Launchpad. However, users will also need to meet certain Requirements and terms of Binance regarding contributions to token services.
Steps for purchasing Binance Launchpad tokens
Step 1: Open a Binance account
Step 2: Verify your Binance account
Step 3: Visit the Binance Launchpad homepage or Binance home page, click on the window-shaped menu and search for [Launchpad]
On the Launchpad screen, click the project you want to introduce to view detailed information. If the project you are viewing is not suitable, you can click “View All” to see other projects.
Step 4: Wait until the opening hours for the sale. Click to reload the page, the BUY button appears, click and enter the number of tokens you want to buy.
- You must own BNB in the Spot wallet to use during the subscription period.
- You can only contribute a certain amount in each token sale round. This amount will vary from project to project to ensure that many people are involved in the sale.
- The token sale rate will be blocked on the day of the token sale or sale. This time the user will be notified.
Step 5: Go back to check the orders of the orders. If you see the command you just executed, it succeeds. Because it is possible that if you do not press BUY in time, the token will no longer be available to you.
So we just learned about Binance Launchpad both for those who have projects that want to join the “launcher” and for those who want to invest. This is a pretty exciting feature and can bring a lot of profit opportunities for everyone. However, you also need to know the project information carefully before investing to determine if the potential of that project is excellent and effective.