Initial Exchange Offering Of The Month
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When is the next upcoming Binance IEO ?
Generally, Binance launches an Initial Exchange Offering every month. Join our email list to be notified when the next Binance Launchpad IEO goes public.
How to participate in the next Binance IEO ?
Binance Initial Exchange Offerings are lottery based. The amount of tokens for sale are split between number of winning lottery tickets.
How to prepare for the next Binance IEO ?
You will need to prepare BNB tokens 15 to 30 days before the IEO launch to be eligible for Initial Exchange Offering lottery participation.
Binance IEO: All you need to know
The initial exchange offering IEO form of crypto crowdfunding traces its origins to Binance. Binance is the world’s largest cryptocurrency exchange by trading volumes. The digital assets exchange was founded by its CEO, Changpeng Zhao in China. Following the Chinese government’s ban on exchanges, Zhao moved the exchange’s serves to Japan. The exchange has grown over a short period, making $78 million in its Q1 2019 profits.
The Binance BNB
The dwindling initial coin offering (ICO) market of 2017 and 2018, presented a big problem to upcoming blockchain projects in early 2019. Digital currency prices were on the rebound, their market cap rallying from a 2018 low of $110 billion to $250 billion in the first few months of 2019. Upcoming blockchain projects needed to raise funds yet instill confidence in investors after their trust was decimated by the fraud prevalent in the ICO era.
Digital asset exchanges, beginning with Binance, came up with a process that allowed investors access to token sales via their platforms, rather than on smart contract platforms. Platforms such as EOS, Tron, and Ethereum, took a back seat as creators began to approach exchanges for support. The initial exchange offering was born and was powered by the exchange’s native token.
Binance first designed the BNB coin and tested it in June 2017. BNB was at first slated for use as the exchange’s discount token on BNB trading pairs. Binance pledged to buyback and burn BNB tokens each quarter to propel its growth. The token’s sale raised over $15 million in July 2017. Today, BNB’s market cap is well above the $4 billion mark.
The Binance Launchpad
The digital assets exchange launched a token platform that would run their initial exchange offering token sales. Binance then went ahead and launched the Binance Launchpad in January 2019, to run the IEO sales on. The platform is a specialized token distribution and airdrop platform for digital tokens. Binance has since the Launchpad’s inception supported dozens of IEOs and airdrops. All listing and investment fees are paid in BNB. The first official IEO done on the Binance Launchpad was the Bittorrent Token (BBT) IEO. The token sale raised $7 million in BNB.
Notable IEOs on the Binance Launchpad
Tron’s BitTorrent token sale on the Launchpad sold out in 15minutes. Users purchased BTT via their BNB or Tron (TRX) tokens only. The success of the BitTorrent token sale brought the IEO to the limelight. Soon, other cryptocurrency exchanges would support and launch their token sales.
The Fetch.AI project soon followed, enjoying massive support from the platform’s users. Fetch.AI is an intelligent infrastructure that is designed to connect major supply chains. The platform will track operational data from the manufacturing, transportation, supply and hospitality systems and create predictive functionalities. The platform exploits the underutilized assets in these systems, increasing efficiency and providing maximum value to all parties. The token sale raised over $6 million in less than 10 seconds from 2,758 contributors. This token sale left many would-be investors disgruntled by the Binance Launchpad’s token sale process.
The Matic Network IEO that went live in April 2019 was another Binance Launchpad success. The token sale’s process was, however, done in the form of a lottery to ensure equitable distribution of the sales. This lack of transparency and equitability during sales caused some damage to the Binance token sale process during the Fetch.Ai IEO. The token went on to raise $5 million from 19% of its token supply.
The Celer Network (CELR) is one other of the most popular IEOs from Binance. The token sale generated $5 million in sales, which will assist its team of four Ph.D. creators in funding its operations. Celer Network uses an off-chain scaling technique to enable the creation of scalable decentralized applications. CELR is said to be the best performing blockchain technologies token from the Binance Launchpad.