on Binance luanchpadAnd launchpoolprocesses attract great attention, while the performance of the projects exhibited here draws attention.
Cryptocurrencies are moving in light of bearish and bull trending cycles. However, lately, it seems that the new cycle has been reflected in the sector in a different way. Launchpool, airdrop and listing enter new cycle.
Binancecryptocurrencies, which it almost took off the dusty shelves. launchpool offers users. Binance, on the other hand, launchpad With its system, it presents projects that are not on the market to millions of users. These cryptocurrencies stand out with their performance.
Binance Launchpads Gain Great Interest
Using Binance, BNB and stablecoin launchpad is performing. These launchpads include newly released cryptocurrencies as well as popular cryptocurrencies. Especially EDUattracted attention as the latest launchpad product.
Investors turning to cryptocurrencies that will hit the market or reach more audiences in the market have led to the popularity of launchpads. However, these launchpads started to give poor results in distributions due to increased interest.
Although Binance, which is seen as the world’s largest crypto money exchange, carries the crypto money it puts on the launchpads, it can be seen that these projects have failed. In the overall picture, it turns out that the launchpad projects have been blown away. So where do these projects come from?
Binance Launchpad Introduces New Coins
Binance , launched many cryptocurrencies, including the process under the name of the new listing. Especially Space IDAnd Voxies became one of the prominent launchpads of the stock market. Latest Open Campus ( EDU) whereas, 120 thousand completed the launchpad process with a close participant. While all these launchpads hadn’t even read the whitepaper before they were released, they gained popularity after the Binance launchpad.
SpaceID ( ID), via Twitter after launchpad more than 500 thousand got followers. The popular project is also gaining popularity with blockchain initiatives. Previously, Space ID continued its project on BNB Chain and made an effort to build a community.
ID listed on Binance on March 22, at the level of $ 0.025same day in the stock market saw $2.5 . However, since this rise took place in a very short time, investors didn’t give much opportunity . Later ID, until April 13 In the $0.45 band it moved. The project, which has been on the rise as of April 13, managed to exceed 1 dollar. However, this bullish wave was short-lived and the price of ID was again to the level of $ 0.46withdrew.
to Launchpad one hundred million IDparticipating in the project, 0.00007412 BNB for 1 ID The price has been determined. to Launchpad 8,677,923 BNB deposited. Looking at the current BNB price, ID’s launchpad is per unit Made at $0.023 . However, due to high participation, satisfactory IDs were not distributed to small investors. Average participation of small investors in the project From $0.45it happened.
ID, one 50 million dollars reached market value. The project did not have such an interest before launchpad. Same situation EDUhappened on the other side.
Binance Launchpools Are Swaying
BinanceAmong its launchpools, SUI, GAL, HFT, RDNT, ANC, HIGH, MC, SANTOS, CITY, QI, NARROW, MBOX, KLAYAND ATAPopular projects such as
These projects, Binance launchpool While it was known before, many of them gained popularity after launchpool. Especially SUIhas been a project that almost the entire crypto ecosystem has been eagerly waiting for.
All these projects included in Binance, on average 50 percent They experienced an ecosystem expansion of . The popular exchange was successful in promoting projects and bringing these projects together with users. However, the projects did not show much success after the launchpool.
Launchpool coins, excluding Fan Tokens, formed a fixed price band by first rising and then falling after they were listed. Considering the current situation, this price band does not seem to satisfy investors.
Especially ATA, NARROW, QI, HIGHAnd ANCDespite all the interest and effort, it could not show sufficient performance in terms of price. ID, HFT, SUIAnd RDNTit still lives up to expectations.
Binance launchpoolalmost of their 70 percent ‘i also settled in the bottom regions in social metrics. These projects are not talked about and are having trouble attracting attention. Especially ANCin the ecosystem due to FUDsIt took a place in the very bottom region.
Step To Fame: Binance Launchpool
Many projects have joined the Binance launchpool even though they have been involved in the crypto industry before. Although these projects are listed on other exchanges, to Binance They entered via launchpool. Especially Radiant Capital ( RDNT), since 2022Although in the crypto market, Binance in March 2023he said hello to
of RDNTWill join Binance launchpool 30 March 2023 announced on. Announcement on this date, RNDT led to sharp rises in price. mid March $0.235acting at the level RNDT, launchpoolafter the announcement up to $0.46 rose. Participation starting the next day, RDNT It didn’t add anything extra to the price. Listed on Binance with the completion of Launchpool RNDT, Dropped below $0.30.
The biggest question that comes to mind is Binance. RNDT He had a deal with. It is not known whether Binance has also made a purchase in this project before. However, there is a fact that; in early 2023 $0.07acting at a price like RNDT, up-to-date to the level of $ 0.33managed to reach.
Winner of the Process Binance
Binance, new cryptocurrencies launchpadprojects on the market through launchpool offers to its users. However, the stock market does not openly share how much and how it earns from all these projects.
LaunchpadAnd launchpoolLooking at the projects in general, more than 70 percent It seems that the excess has fallen to the bottom. While the projects that made a name for themselves left their mark on the crypto industry, it is seen that the projects that are trying to become famous go through difficult processes.
Of course Binance, does not make any commitments as it is an intermediary . Binance also frequently issues warnings as it prioritizes the safety of its users. Despite all this, it is obvious that the biggest winner of the process is Binance. Participation in popular exchanges, launchpools and launchpads BNBAnd TUSD limits with. In this case, users are almost into the launch process. 8-9 million BNB he is laying. BNB is challenging the bear market with its rise after each announcement. BNB also plays a big role in boosting network activity.
Moreover Binance may be negotiating platform listing. A crypto project delisted by Binance in the past admitted that it paid BNB to the exchange to be listed. The project, called Mithril, announced that it paid 200 thousand BNB to Binance as a condition for listing.
1/ Today, Binance has announced that it will delist MITH. As part of the MITH listing, Binance required a 200,000 BNB deposit, which was never returned.
⁰On behalf of the Mithril community, we ask @cz_binance to return this deposit so that Mithril may continue to operate.— MITH (@mithdotio) December 15, 2022
of the stock market listingor launchdigital assets may be entering his vault, given that he has made an agreement in the promotion stages in the section.
As a reminder though, this is what Binance does launch processes contribute a lot to cryptocurrencies to become more known and stand out more. Especially ID, received great support from Binance in gaining global popularity.
