Binance Launchpad offers crypto-startups a platform to raise capital and market their projects to millions of crypto investors in the Binance ecosystem.
Binance Exchange is one of the world's most popular (and the largest)
cryptocurrency exchanges. It offers some of the lowest transaction fees and highest liquidity among the leading exchanges in crypto space. Buyers who use its native utility token, BNB, get significant discounts on tradings, among other benefits.
The exchange features over 500 cryptocurrencies, notably
Bitcoin (BTC),
Ethereum (ETH), Cardano (ADA), Dogecoin (DOGE), and its very own Binance Coin (
BNB).
Binance Launchpad is a Binance-owned crowdfunding platform that assists crypto-startups in raising funds by offering their tokens to Binance users. It is the pioneer of
Initial Exchange Offering (IEO) mechanism, a widely popular method among crypto-startups to gather funds.
Binance Launchpad leads the crypto industry in terms of fundraising and linking investors to new and potential
blockchain companies. There have been many
successful Launchpad projects so far, and to celebrate the most successful ones,
each year an award is given to the highest performer. The nominees comprise of projects that were introduced during the last year that had a positive ROI during their initial exchange offering (IEO) but have not been purchased by Binance. Factors like
ROI, market influence, and traction, as well as the amount of interaction with the Binance ecosystem, are considered while picking the winning project.
For the year 2020, the six nominees were
Axie Infinity, Lab Sandbox, Safepal Tokocrypto, Injective Protocol, and Alpha Finance. The winner was
Alpha Finance which offered
DeFi investors leveraged
yield farming services on both Ethereum and the
Binance Smart Chain.