Binance Launchpad Review

Binance Launchpad

Earlier in January 2019, Binance announced the launch of a new project for token sales and fundraisings – Binance Launchpad. It’s a specialized airdrop and token distribution platform of cryptocurrency tokens. 

Since then, Binance conducted more than 11 successful token swaps & airdrops including 6 brand new cryptocurrencies, two of which were created on top of the Binance Chain (BEP2-tokens).

Binance Launchpad Token ICOs

Impressive, huh? Let’s learn more about Binance Launchpad.

How To Participate In Launchpad Airdrops & ICOs

  1. Complete verification of your Binance account.
  2. Follow the announcements on the official Binance profiles, for example – https://twitter.com/binance
  3. Store at least 500 BNB to participate in the Binance Lottery

Disclaimer. Some countries are restricted from participating in Binance Launchpad token sales.

New Binace Lottery Token Sale System

The “first come, first served” token acquisition system chosen by the Binance Launchpad team has been replaced with a fairer lottery system.

Binance Launchpad Lottery

The essence of the lottery: Binance Coin (BNB) owners can have 5 lottery tickets, depending on their BNB balance, for 20 days before the start of the sale of tokens.

1 lottery ticket = 100 BNB

Also, there are still restrictions by countries that fall under the U.N. Security Council and the Office of Foreign Assets Control of the U.S. sanctions and the KYC procedure is a must. The goal of the lottery system is to resolve the issue of long queues to receive tokens.

How To Apply For Binance Launchpad 

If you’re associated with a cryptocurrency project that want to participate in Binance Launchpad you must fill out this form.

Before the project is featured on Binance Launchpad, it needs to go through a rigorous process of checking for compliance with Binance standards. Main factors:

  • Relatively mature stage of project development;
  • Readiness for large-scale operation;
  • Strong and purposeful team;
  • Potential for growth and development towards a larger cryptocurrency ecosystem.

After verification, the project becomes available to all registered and verified users of Binance Exchange. By the way, the #1 crypto exchange audience is huge and counts for 45 million sessions monthly according to similarweb.com.

Binance Home Page

Binance Benefits For Crypto Projects

– Really large community of cryptocurrency traders & enthusiasts
– 14 cryptocurrency wallets support BNB & BEP2-based tokens
– Professional & reliable support from the #1 cryptocurrency exchange

Conclusion

Binance did a great job of increasing confidence and building trust as a cryptocurrency project in general, showing the high level of efficiency and interaction with the community. And thanks to Binance Launchpad, users got an easy-to-use access to other noteworthy crypto startups. 

Keep it up guys!

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