Before we know what Binance Launchpad is, we need to know what is ICO or IEO? Are you ICO and IEO for this? You can read the article. Hopefully if you know what ICO or IEO is, you will easily understand Binance Lachanpad.
ICO and IEO 👇👇 https://read.cash/@Kawser595/ico-ieo-34ebc1b1
So let's go back to the discussion .
What is Binance Launchpad?
Simply put, Binance Launchpad is a reliable token launch or token cell platform. Much of the reliance on the previous ICO system has been lost. Although this method is still in use. However, high quality projects sell their tokens in IEO method instead of ICO method. However, low quality exchanges do not have good IEO projects at all. And IEO is much more popular than ICO method. Because it is much safer.
And Binance is an exchange where only high quality projects have IEOs. And this method of token cell program is called launchpad in their language.
How to use Binance Launchpad?
If you want to bring a crypto project to market, you can also sell your tokens using Binance's Launchpad. But your project must be realistic and quality-oriented. No scams in binance are selected for the launchpad of project binance. And that's why Binance's launchpad is currently at the top.
If you want to sell your project using Token Binance Launchpad, you need to fill out the form from Binance Launchpad to Apply to Launch option. The Binance Authority will then look at your application and consider whether your project is suitable for the Binance Launchpad. If your project binance is selected for the launchpad, then you can make your project token cell binance through the launchpad.
How to participate in Binance Launchpad IEO?
If you have an account in Binance, you can participate in the Lachanpad of Binance. And if you do not have an account, you can get an account from here (10% + 25% = 35% trading fee back).
All you need to participate in the Binance Launchpad are:
1. First of all you need to have an account on the Binary Exchange.
2. Your account must be verified.
3. To participate in the Binance Launchpad, you must have a minimum of 50 BNB in ​​your Binance Exchange account for a certain period of time (the rules may change from time to time).
If you have fulfilled the 3 conditions of Ur, you will be considered eligible to participate in the Binance Launchpad.
You will be informed about the price of the project token sale in Lachanpad in advance through a post from Binance. In addition, the company will sell everything on the launchpad, including how many tokens, how many total tokens, and so on. See the image below as an example:
If you meet the above conditions to participate in the Token Cell, you will need to claim your ticket on the specified day. Look at the picture below, there is a countdown with 4 steps. No. 1 calculates whether your 50 BNB token is in your account for a specified period of time. No. 2 will ask you to claim the ticket within the specified time on this day, which you have to take care of yourself. 3rd will draw all the ticks of that day. The 4th will announce the winners of the draw. If you are a lucky person, you can login to your account to see how many tickets you have won.
Lottery ticket count according to BNB hold
If you have won a ticket, you will receive one ticket amount (equivalent to 200 according to the current system) tokens. A person can get a maximum of 10 tickets depending on the BNB hold.
After the win, BNB will automatically deduct ২০০ 200 from your account and be replaced with the token.
Binance organizes token sales on their launchpads at various times. Keep an eye on the Binance Twitterpage or the Binance Launchpad page to get updates on what time the Binance Launchpad is hosting a token sale.
But one thing here, if you can fulfill all the conditions to participate in the Binance launchpad, you will get a ticket to participate in this launchpad. And all the ticket numbers of those who will get tickets to participate in the token sale of that Lachanpad are drawn by following a method of binance. Those whose ticket numbers are selected in the draw are considered eligible to buy the token.
This means that if you meet the above conditions, you will be eligible to buy tickets to participate in the Binance Launchpad. The previous method was to sell tokens on a "first come first served" basis. But there were many different types of complaints. As a result, the rules were changed and the ticketing system was introduced.
Why take part in the Binance launchpad?
As I said at the beginning, Binance Launchpad is the most popular IEO site of the present time. Almost all the projects that have been sold on the launch pad so far are in good condition. This is because the binaries select the project by selecting a lot of verification before selling the token of any project in their launchpad. And for this, Binance Launchpad is very popular.
Simply put, if you want to refrain from investing in any type of scam project (IEO), then Binance Launchpad is for you.
If you want to get good returns by buying good quality cryptocurrencies, then Binance Launchpad is for you.
Keep in mind, however, that binance never guarantees the future price of a project. However, in general, it can be said that since the tokens of high quality projects are sold in the Binance launchpad, a satisfactory return can be expected according to the investment.
The main feature of Binance Launchpad is that you can be sure that you will not fall prey to any scam coins with this launchpad. If you want to do ICO where you need a lot of research.
Thanks for Reading....
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