Be it in the crypto field or not, we all know what it’s like to just start out. In those moments, you have mixed feelings; you feel like you can do anything, but then you also stress out because the journey is long, draining, and requires many financial and physical efforts.
This also happens in the crypto ecosystem, whether you’re a newly launched project or just starting your crypto investing journey.
However, some concepts help you have a smoother path while learning what it takes to either become part of the most successful projects in the industry or become a renowned investor who makes tremendous profits with their investing activities.
One of these concepts is Binance Launchpad, a project especially launched for those who know how to take every opportunity that they find and make the best out of it.
Thus, let’s find out what Binance Launchpad is, how it works, and how you can access it.
Table of contents
What Is Binance Launchpad?
Binance Launchpad is one of the most popular (if not even the most popular) crowdfunding platforms, specially designed for blockchain projects and being part of the Binance ecosystem.
There, Binance users can find promising crypto projects in their early development stages that they can invest in.
On Binance Launchpad, crypto project teams can organize token sales based on an IEO (Initial Exchange Offering) mechanism, thus allowing investors to purchase tokens through the largest crypto exchange by trading volume.
Considering Binance’s advantages, security, transparency, user-friendliness, and increased usability, it is no wonder that, in less than six years since its launch, Binance Launchpad reached $189,487,306 in funds raised through 93 projects and 5,514,843 all-time unique participants.
Who Is the Binance Launchpad for?
There are two main groups that might be interested in joining Binance’s launchpad project:
1. Newly launched crypto companies – As a new crypto project, it can be hard to promote your token and raise funds among all the other thousands of cryptocurrency projects out there, so Binance Launchpad can represent a huge opportunity for you to hold an IEO seamlessly and to reach users from the entire Binance ecosystem;
2. Crypto investors from all over the world – Regardless of what your crypto strategy looks like, participating in an Initial Exchange Offering can be a great way to earn crypto.
Besides, Binance is available almost worldwide, so its Launchpad is highly accessible by most crypto enthusiasts. Thus, you can rely on Binance Launchpad to get early access to promising projects and get native tokens for surprising prices.
How to Join Binance Launchpad as a Crypto Company?
Not all crypto companies can register on Binance Launchpad. It all depends on how well your project was built, how much experience you have in the industry (you cannot launch the project today and start an IEO on Binance Launchpad tomorrow), how well your team works, and much more.
Binance Launchpad tokens have to be as trustworthy as Binance is so the crypto exchange cannot publish unsafe or questionable tokens.
Binance carefully checks the crypto projects that apply to its Launchpad, and there are some requirements crypto startups should meet in order to get listed on the platform:
- The project should be in mature-stage development;
- The native token should be ready for large-scale adoption;
- The project’s team should be strong, committed, and ready to improve the features even more;
- The crypto company should have the potential to benefit the growth and development of the wider crypto industry. Simply put, your product has to improve something in the crypto space.
To launch your token sale on Binance launchpad, you should:
- Access the Binance Launchpad platform;
- Click on “Apply to Launch”;
- Fill in the application form. You will be required to provide extensive information about your company, such as its team, full name, address, contact, whitepaper, token distribution information, and more;
- Wait for Binance to check your application;
- If your project passes the investigation process, you will be added to the Binance Launchpad, and your project will be visible to all Binance users.
How to Access and Use Binance Launchpad?
As a Binance user, accessing the launchpad platform is extremely straightforward. You can also access it even if you don’t have an account, but you will have to be signed up to purchase tokens in an IEO.
Step 1: Access Binance
First, you will have to access Binance’s official website. There, you can choose to log in or sign up.
Step 2: Click on “More:
From the menu available, you will have to click on “More,” which is the last option on the right.
Step 3: Click on “Launchpad & Launchpool”
Afterward, look for the “Launchpad & Launchpool” option. The Binance Launchpool is another project that allows users to stake the tokens they acquire through the Launchpad. You can find them both on the same page.
Step 4: Click on “View More”
Then, to see all the projects available, you will have to click on “View More.”
Step 5: Choose a Project
Afterward, research the crypto startups that are available and choose your go-to. Pay attention to the information provided, as such projects should be extremely well-described to increase trust among their potential investors.
About Binance
Launched in July 2017 by Changpeng Zhao, Binance is the largest cryptocurrency exchange by trading volume in the entire crypto market.
On Binance, users can easily sell or purchase various cryptocurrencies, including popular options, such as Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), Tether (USDT), Dogecoin (DOGE), Ethereum Classic (ETC), Polygon (MATIC), and Ripple (XRP).
Binance also supports multiple trading pairs for those interested in trading instead of simply buying or selling crypto.
Binance is popular thanks to its user-friendly interface, being suitable for both beginners and experienced traders. When it comes to fees, the crypto exchange works based on various VIP levels.
Thus, a regular user with a 30-day trading volume lower than $1,000,000 will have to support fees between 0.07125% and 0.1%. The highest VIP level (VIP 9) has fees ranging from 0.0090% to 0.0240%.
FAQ
How to earn from Binance Launchpad?
To earn crypto from Binance Launchpad, you will have to register on Binance, access its Launchpad, and participate in the available IEOs.
What are Launchpad tokens?
Launchpad tokens are cryptocurrencies launched by crypto startups through a crypto launchpad.
How does a launchpad work?
A launchpad acts as a suitable ecosystem to launch new crypto projects and gain exposure with the help of the Launchpad’s community.
What is the best launchpad crypto on Binance?
The largest launchpad crypto ever on Binance is Polygon (MATIC).
In Conclusion
When starting out as a crypto project, it can be hard to promote your product without leveraging platforms with strong and committed crypto communities.
However, Binance is the one place that can help you organize IEOs (Initial Exchange Offerings) available to all Binance users, thus offering you the opportunity to raise funds faster and safer on a trusted and popular crypto exchange.
If you want to invest in a launchpad token, keep in mind that you should thoroughly research the project before investing, making sure that the company is legitimate and the token has potential to become a trusted and renowned option in the crypto market.
