What is Binance Launchpad? Everything you need to know

Binance Launchpad is a platform supporting token issuance activities created by Binance itself. This is also where users can access tokens of new and potential projects.

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What is Binance Launchpad?

Binance Launchpad is a platform specializing in supporting token issuance activities from new, potential projects distributed by Binance itself. This platform was launched in 2019, and so far, thanks to Binance’s reputation, it has quickly become one of the extremely famous features in the crypto community.

Accordingly, Binance Launchpad was born to solve two big problems:

• Create a place for startup projects in the blockchain market to raise capital most safely and effectively.
• Creating a place that provides investors with the opportunity to have easier access to potential projects, thereby generating profits.

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How does Binance Launchpad work?

To talk about how Binance Launchpad works, we can describe it in a specific step-by-step process as follows:

• Project screening: Binance Launchpad allows new startup projects to be registered, where the projects will be carefully checked and screened by the Binance team, ensuring that these projects fully meet the criteria. criteria and possibilities for future development.
• Launch Launchpad: Immediately after the project has been approved, Binance will support the project in developing a capital raising plan and other work to launch the project’s token.
• Token sale: The project is launched to call for capital. The time of this process will usually be announced accurately and specifically, investors who want to invest in the project can buy tokens using BNB.
• Token distribution: After the token sale process has ended, the sold tokens will be distributed to investors who have participated in Launchpad. After Launchpad ends, investors can use these tokens for trading. on Binance.

The above is just a brief description and overview of the process by which Binance Launchpad works. In reality, there may be some other changes and additions.

What benefits has Binance Launchpad brought?

As mentioned before, Binance Launchpad is a platform that brings a lot of value to startup projects and investors. Those benefits can include:

• Helps young projects reach the huge user base from Binance.
• Creating a reputation is an effective marketing strategy for projects thanks to the growth of Binance.
• Allows the project’s token to be quickly listed on the Binance exchange itself.
• Make it easier for investors to collect information from newly launched projects.
• Creating great profit opportunities for investors in promising future projects.

How is Binance Launchpad different from Binance Launchpool?

If you are wondering whether there is any difference between Binance Launchpad and Binance Launchpool, the answer will be yes and no. What is here is that they are all launched and managed by Binance, and all have the same goal of distributing tokens from new projects.

However, they have some notable differences, such as:

• Binance Launchpad was launched in 2019 while Binance Launchpool was launched a year later in 2020.
• Binance Launchpad is a place to raise investment capital for new projects while Binance Launchpool allows users to lock assets to receive new assets.

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Conclusion

So we have come to the end of all the most general and easy-to-understand content about Binance Launchpad. Hope it will be useful to you. If you have any other questions, don’t hesitate to contact AZcoin.