Binance Launchpad is the exclusive launch platform for the Binance exchange. It plans to conduct at least one token launch each month for the whole of 2019.
Its initial projects will be Fetch.AI and BitTorrent.
About The Launchpad
This token launch platform will help blockchain projects to gain access to funding and increase their reach in the crypto world. To achieve this, they offer the tokens for a project to the more than 10 million users of Binance. On the platform, users will be granted the opportunity to take part in game-changing projects.
The Binance Launchpad will be more than that just another platform to offer tokens. It will be an advisory service for new projects, which will get access to the insight and experience that Binance has to offer. As a result, projects will be able to focus on the development of their product and growing adoption.
As with any tech field, there are always projects and ideas out there just waiting to be discovered. Binance has thus far built a solid reputation of being able to support projects via Launchpad or via direct investment through Binance Labs. The Binance Labs now directly support 21 startups. In some cases, Binance itself has invested in projects such as it did with TravelbyBit and Trust Wallet.
The Fetch.AI And BitTorrent Projects
BitTorrent is a blockchain project closely affiliated with TRON used for peer-to-peer file sharing. The protocol of the BitTorrent project will empower a new generation of content developers with tools that distribute content directly to people online.
The BTT token for BitTorrent is going to make it possible for BitTorrent peers to incentivize activities which ensure file sharing is much safer such as utilizing faster networks and seeding that is much longer. The BitTorrent project aims to reach about 100 million active monthly users in 138 nations.
Fetch.Ai is an Outlier Ventures project; it is an AI-based blockchain network where economic activities take place autonomously. The project is targeted at the hospitality, energy, supply chain, and transportation sectors.
Binance Launchpad For Projects
Before a project joins the Binance Launchpad, it will go through a rigorous process of review. This will ensure it is not a scam and that it meets all standards set by Binance. Some factors that are checked are:
- Mature stages of development
- The ability for large-scale adoption
- A committed and strong team
- Opportunity to aid in the development of the crypto ecosystem
Once it has been screened, it is sent to the Binance Launchpad. All users of Binance can then access it and those with an interest can take part in the project ICO.
Binance Launchpad For Users
To take part in an ICO featured on the platform, there are some rules you will have to adhere to that include:
Ensure you verify your Binance account. It ensures that the token sale will be done in accordance with all laws in the user’s jurisdiction.
Once you pick a project that you like, click the “Buy Now” button. Depending on the terms of the sale, you will be able to use crypto or fiat.