12/21/2023 0 Comments Binance launchpad stakingThis is why the introduction of IEO on Binance Launchpad has quickly become a fresh breakthrough that could help investors support crypto projects in a safer and more convenient way. Users have also reported a number of fraud cases related to ICO-based projects and stressed the lack of protection for their funds. While there are loads of projects that successfully became big with ICO, many failed for various reasons. Unfortunately, the ICO model carries serious risks as it is vulnerable to misinterpretation, fraud, and manipulation. This method is called the Initial Coin Offerings (ICO). Through the introduction of Binance Launchpad, the exchange pioneered the concept of the Initial Exchange Offering (IEO), which is a crypto fundraising model where the projects are backed by exchanges.īefore the release of crypto launchpads, blockchain project developers had to initiate their own events in order to raise funds for their growth and development. Launchpads are mostly considered safe because the featured projects are usually handpicked by the platform and tightly ed before being promoted to the public. According to its official website, Binance has gained a total of 57.8 million in tokens across 23 projects and the total value of those tokens is currently at $725.2 million.Ī crypto launchpad is basically a platform where investors can discover new and promising DeFi projects.
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