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Lead a crowdfunding campaign with Binance Launchpad
With the introduction of Launchpad, Binance launched ., a funding model that gives investors confidence by supporting new cryptocurrency projects.
But what is a lunch pool?
Prior to the release of , blockchain projects had to raise crypto funding through . This "carefree" approach has been a mixed bag of successes and failures. Many crypto users lost their funds because they did not have the necessary safeguards and were exposed to unnecessary risks.
'''Join Binance'''' introduces a new approach to token distribution. Projects can now be safely funded, and users can conveniently support these projects. Binance Launchpad supports projects, investors, and the cryptocurrency industry by:
Fair distribution of initial token offering
Launchpad initially allocated project tokens on a first-come, first-served basis. This was an unfair way of token distribution for a platform with a rapidly growing user base. In light of this bias, Binance has decided to upgrade its token allocation method to a more fine-tuned lottery system.
How does the lottery system work? Immediately after the release of a new , the system takes a snapshot of investors' holdings. It does so over a given period of time, which varies with each sale.
After the retention period, the Launchpad will display a "Request Ticket" button. The button will stay there for 24 hours, during which time users can check their lottery tickets.
After the lottery ticket is confirmed, the lottery begins. Winning tickets are automatically exchanged for tokens for users to participate in.
Launchpad's lottery system prevents cryptocurrency holders from owning most of the initially offered tokens. Instead, these tokens will be made available to a wide range of users.
Exposure to the wider crypto community
All projects listed on Binance undergo thorough audits before being verified and accepted for Launchpad. When approving or rejecting a project, Binance considers the following criteria:
Successful projects are featured on Launchpad and receive instant word of mouth throughout the Binance ecosystem. The exposure of new projects to millions of Binance users around the world means that they are truly useful. As such, they are more likely to present short-term earnings opportunities along with medium-term returns.
For example, one of the aforementioned successful projects was Shortly after listing, early investors immediately benefited from the native token when the price jumped more than 300%. Long-term holders who held out until after launch would have made returns of over 1000%.
Projects eligible for token offerings receive significant liquidity on multiple trading pairs. Binance's listing and investment team provides 1:1 guidance for successful projects, benefiting the broader crypto community. With Launchpad, Binance demonstrates its holistic support for blockchain startups.
Safe and Secure Platform for Token Launch
New projects in all industries are weak and lack quality support, resources and promotion. Launchpad provides a secure platform for new cryptocurrency projects to raise funds without the risk of attack by bad actors. As the world's most active exchange, Binance invests heavily in security for its users and token sales.
Binance provides access to millions of crypto holders and investors eager for exposure to new projects. The platform is one of the most secure platforms in crypto. With Launchpad, users don't have to withdraw their funds for fear of losing money.
Binance Launchpool: Delivering Value with Crowdfunding Inspired by
Binance created the Launchpad platform in response to the rise of . Launchpad allows users to stake their crypto assets and keep them safe while acquiring new ones.
Users can stake supported or other altcoins in the pool for free. Users receive rewards without purchasing newly launched tokens.
Tokens listed through Launchpool will be distributed to a wider audience. This approach allows crypto users and investors to acquire new tokens and generate attractive returns. Launchpool adds value to cryptocurrency holders, the community, and the larger ecosystem by:
Platform for Token Farming
Launchpool allows you to deposit your tokens into a funding pool and earn (or acquire) new tokens for free. The amount of tokens you earn per day depends on the number of staked tokens relative to the total number of tokens available in the pool itself.
To participate in Launchpool, users must commit a minimum or any other token supported by the pool. Trading begins on the 7th day of farming. Users can trade for approximately 30 days from the contract period. Pending tokens earned can be redeemed at any time.
Growth and exposure of eligible projects
Similar to Launchpad, Launchpool supports promising crypto projects in their early stages'''''Join Binance''''' brings qualified projects to millions of users around the world. The company also gives the project team access to the support system.
As a side effect, Launchpool creates a stronger community and supports its growth. The best-performing projects on Launchpool have recorded a 44x growth in tokens, most of which are freely available to users.
Earn new tokens while protecting your existing assets
Users can earn new tokens from Launchpool while managing their existing digital assets. Tokens to be earned are calculated hourly for a specified period from the time of staking. As mentioned, users can earn or spend their earnings at any time.
Ideally, Launchpool is a place where users farm new tokens when depositing crypto assets. At the end of the process, the staked amount will be returned to the user in full along with what the user has earned. Users can also unstake their funds whenever they wish.
To stake tokens on Launchpool, users can first connect their wallet to the platform to verify the tokens in their wallet. After that, users are free to stake.
Within the pool, users must hold at least 0.1 or other tokens that are accepted. Users can manage their tokens and withdraw them at any time.
Supported pools vary by project. However, users can usually go to their project's Launchpools page to see a list of supported pools. Users will also be able to view each pool's when trading begins for the tokens they wish to acquire.
Users who staked on Launchpool are still entitled to airdrops, perks, and more. Airdrops include receiving “free” crypto tokens for supporting specific projects, and benefits may include early access to supported projects.
Binance takes a similar approach to rewarding users for using non-real centralized services, but these incentive schemes are not unique to the company.
Users can learn more about projects coming out of Launchpool by reading Binance Research.
Launchpad vs. Launchpool: Getting Started
Judging by the return on investment, he and his team have carved out a lucrative niche in the cryptocurrency ecosystem. Almost all of them have proven profitable, with token offerings selling out in seconds.
Hundreds of thousands of people are also participating in Binance Launchpool. Since there are no hidden fees on either platform, hosting on Launchpad is as transparent as staking on Launchpool.
More savvy investors will have plenty of opportunities to secure bigger returns on one of these platforms. Many users may be wondering "How do I get into the launch pool?"
'''''Sign up for Binance'''''In order to use Launchpool or Launchpad, first-time users must sign up for Binance and create a customer account. Users may be required to complete authentication to sign up. From here, you can log in to the platform and see ongoing promotions with just a few clicks.
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Website:https://auseinet.com/binance-sign-up-how-and-kyc-authentication-security-settings-guide/