By CCN.com: Binance CEO Changpeng “CZ” Zhao in a tweet on Sunday congratulated Binance Launchpad projects for their spectacular returns.
Meanwhile, Binance Coin (BNB) has been climbing higher, rising approximately 40% since the hack in which 7,000 bitcoins were stolen from the exchange’s BTC hot wallet.
It looks like investors aren’t the least bit worried about the security of crypto exchange Binance after the hack. Meanwhile, the success of Binance Launchpad in hand-picking, cultivating, and offering new cryptos to investors is holding up the business and keeping demand for BNB strong.
Even before retail investors, crypto whales, and Wall Street hedge funds started piling up on bitcoin this spring, unmistakably shaking off the crypto winter malaise, Binance Launchpad was leading an altcoin boom in 2019.
In February, Binance launched two simultaneous token-sale sessions for TRON Founder and CEO Justin Sun’s BitTorrent (BTT) – one for purchases in BNB coin and the other for purchases in TRON (TRX). It sold out in 15 minutes. If Binance had deployed more computing power, it could have processed the queue faster and completed the ICO in even less time.
Since its token sale, BTT’s price has risen an astounding 787%.
Binance Launchpad’s Fetch (FET) token sale in March was over in 10 seconds. Those who bought it off the launchpad have fetched 119% returns on their investment. Celer (CELR) later that month and Matic (MATIC) in April have generated 126% and 620% gains from their Launchpad prices, respectively.
Projects are rigorously selected from Binance Launchpad candidates. The successful applicants then enjoy the support of Binance’s startup accelerator. They gain direction, refinement, resources, Binance’s robust promotion muscle, and the benefit of the exchange’s reputation.
Much of the value in Binance Launchpad is having some of the best people and smartest minds in the crypto industry help cryptocurrency investors to decide which coins to buy. It’s a crowded and confusing field of offerings.
The value in Binance overall is the inveterate professionalism and competence of Changpeng Zhao and the Binance team. Crypto investors are showing unshakeable confidence in the world’s largest crypto exchange by volume.
Last modified: August 2, 2020 11:00 AM UTC