Binance IEO’s are Going Wild with Gains as high as 398%, 5th One Getting Ready for Launch
- Tokens released on Binance Launchpad records enormous gains
- Matic leads the way with nearly 400% gains
- The 5th project called Harmony to release next week
Binance Launchpad might have just 4 tokens to its name with the 5th one coming up but it is certainly enjoying astounding success along with these tokens.
The world’s biggest cryptocurrency exchange Binance’s initiative as a token launch platform that chooses a project through what it calls a rigorous process of selection involves factors like readiness for large-scale adoption, the maturity of the project development, a strong and committed team, and potential to benefit the growth of the wider cryptocurrency ecosystem.
Astonishing Success of Binance Launchpad
The very first crypto project of Binance Launchpad was BTT, the token of BitTorrent that is owned by Tron founder Justin Sun. BTT was sold like hotcakes in a matter of minutes.
But it’s not the only token launched on Binance Launchpad that is seeing such enormous gains. Other projects viz. Matic, Fetch, and Celer Network (the third project was sold out in under 17 minutes) are also posting significant greens, an observation made by crypto trader Moon Overlord who took to Twitter to share,
“Binance IEOs are going berserk over the last week or so, MATIC leading the way with nearly a 400% gain. FET CELR & BTT all up over 70%+ as well.”
Matic Network is the biggest gainer with 398 percent gains that has been going up since its release at the end of April, for the most part. At the time of writing as well, MATIC has been up by 17 percent in USD market and by 19 and 20 percent in the BTC and ETH market respectively.
Harmony Coming Next Week
Another addition to its list of projects is Harmony, a secure and fully scalable blockchain whose testnet is operational since January 2019 with key innovations in peer-to-peer networking and state sharding. It has a 12-person team with 7 engineers from Google, Apple and Amazon and 2 PhDs in Silicon Valley.
The token sale of Harmony will be made through a lottery format that will begin on May 28, 2019, at 06:00 AM UTC.
“I believe the team’s commitment to opening up blockchain technologies for billions of people will allow them to make a significant contribution to addressing the issue of scaling,”
Binance CEO Changpeng Zhao said.
Binance exchange continues to be the top crypto exchange despite suffering from a hack of 7,000 BTC, while its token BNB made its all-time high yet again on May 19 at $29.92 USD.