There are a lot of people who wish to take part in the fan token launch events from Binance. However, they often end up not joining any of the events due to the lack of information and right guidance. Meanwhile, the people with enough knowledge are investing their money in such events to generate a decent amount of profit.
Doesn’t matter from where you got to know about this feature, your mind will be clouded with tons of questions if you are participating for the first time. Therefore, we will go through some essential information regarding Binance Launchpads to help you get started easily!
What Is Binance Launchpad?
If you are using Binance as your primary platform to buy, sell, and trade digital currencies you are more likely to be aware of the Binance Launchpad. Even though if you have not come across the term ever before do not worry. Binance Launchpad is a service/feature of the dominating crypto trading platform Binance Exchange.
To get the basic idea of Binance Launchpad you can think of it as a place to launch new products/services. However, in this case, the product is going to be a particular token. Specific teams and Brands approach Binance in order to become a partner in the launch event via Binance Launchpad. Later, the platform lists the token for the users to allow them to take part in the token offering event.
Is It Safe To Participate In Binance Launchpad Events?
You can participate either by manual method or Binance launchpad subscription format. The subscription format depends on your capital holding capacity on the platform. For instance, if you are maintaining a lump sum amount of $1000 worth of BNB in your portfolio, you can enjoy the subscription feature with a limit of $1000.
However, is it safe to stake your money on Binance Launchpad events? The simple answer is “YES”. Considering the amount of popularity the platform currently has, it is standing at the top position in the market. With a massive number of more than 10 million users around the globe, you do not need to worry about your funds in any possible way.
Can You Make Profit From Binance Launchpad Events?
Profit and Loss are the two sides of the same coin. Especially when it comes to cryptocurrencies you can never be 100% sure about the outcome. So how can you actually profit from Binance Launchpad events? Is it possible? Don’t worry we have all your answers.
It goes without saying that contributing to new token launch events is among the best ways to make money with crypto. As there are new projects entering the market now and then, the number of opportunities for a potential investor increases automatically.
However, we can not neglect the fact that sufficient research and estimating the project’s worth plays an essential role in deciding whether you will generate profit or not.
Above all, we highly recommend visiting the project’s website for more information. You can learn a lot about the number of primary investors, related companies, and the future potential of the project. Such information will help you make an accurate decision whether to invest in the project or not.
Top 3 Binance Launchpad Projects
For those people who have not been to the Binance launchpad events before, it is normal for them to question the credibility of this platform.
Regardless of that, the platform was able to launch some of the best tokens through the launchpad in 2021. Not to mention the current market evaluation of these tokens is blowing the market, you may even know most of them.
Investors who entrusted their money on the below projects were able to generate a significant profit. Either by contributing to the launch event or buying these tokens at a much lower price. So keeping an eye out for the latest launch pads can benefit you in a similar way. Below are some of the popular tokens that were launched via Binance Launchpad.
One of the most successful Metaverse projects at the moment, the Sandbox is a combination of virtual reality and blockchain technology. The SAND token was launched on Binance Launchpad in mid-2020.
A completely virtual world made for the users, SANDBOX is putting a lot of new thoughts into work. Due to the fact that the Metaverse is decentralized, ownership of this massive world is complete of its users.
Formerly known as the MATIC network, the Polygon is an advanced multi-chain operatable system. Providing a robust interface made by developers for developers, the MATIC token plays an important role in this process.
As the token was listed on the Binance launchpad, it has become the most popular token in the top 20 list. So you can imagine why teams and brands prefer to partner with Binance Launchpad for their initial token launch. Cryptocurrency price lists keep changing quite often so you are much likely to make a profit trading MATIC.
The early birds of the NFT gaming world, AxieInfinity is among the most successful NFT based games on the market currently. Whereas, the main native token AXS was launched on the Binance Launchpad.
Getting a significant number of investors to participate in the token launch event. Surprisingly the game is now worth more than $3 Billion dollars. This number is enough to satisfy those people who are still thinking about whether it is worth entering the trend or not.
Being at the top of the list in popular crypto trading platforms, Binance never fails to surprise its users. By providing features like a fan token launchpad, the platform is helping the crypto community to grow and stabilize. As a user and crypto trader, you can benefit from these activities with the right approach for sure.
Whereas, your profit depends on factors such as investment capabilities and choice of launchpad project. You won’t face any major loss even if you are a first-timer. Because Binance is very picky when it comes to choosing a project request. Make sure to go through the complete article before joining any launchpad event to avoid possible issues. Feel free to ask any questions and share your suggestions below.
Timose is a tech geek who blogs at Coinotica with expertise in digital marketing and the cryptocurrency market. He loves to share information related to cryptocurrency and other useful guides as well. While helping others to solve common technical problems and providing proven methods to make money online.