Binance Launchpad is a platform that allows crypto money projects to raise funds after issuing their own tokens and go on sale before being listed on Binance. At the time of ICOs, projects were trying to raise funds by selling tokens on their own websites. During this process, some projects could not reach many people, while others took the money they collected and fled because they were malicious.
Binance chooses the projects to be sold on Binance Launchpad and runs the whole process itself. Projects offered for sale are listed on Binance in a very short time.
How Can I Join Binance Launchpad?
First of all, you need to have an account on the Binance exchange. Click for Discounted Membership
After you become a member, you need to have BNB in your account in order to submit your credentials, confirm your account and participate in the projects that will be sold on Launchpad. Although the rules may change a little when each project goes on sale, in general, the more BNB you hold, the more shares you can get from the sales in your account. My suggestion would be to keep BNBs in your spot account, especially during the Launchpad era. When calculating your average BNB balance, the amount of BNB in your account is constantly checked. As you can see in the table below, your BNBs on “DeFi Staking”, “Locked Staking” and “Liquid Swap” are not included in the average. In order to avoid confusion during the preparation period of Launchpad, it would be best to keep it in the spot account in case these rules may change in the future. This period is usually 7 days and the dates are announced in advance.
After calculating how much BNB everyone holds on average, the participation period starts, this process is very important. “Token Purchase Agreement” will appear on the Launchpad page, you only need to confirm it once. After that, you should lock as much as the BNB balance you want to join. The time given to do this is about 4 hours. If you want to join Launchpad, you may need to follow Binance's related page and announcements closely, wake up by setting an alarm if necessary and join. If you forget to participate during this time, you lose your chance.
The next step is to calculate how many tokens everyone can buy. If there is a lot of interest in the project, you may encounter less tokens than you expect, the BNBs you lock too much are returned to your account. In this part, the rules were different in the past, you were buying tickets according to your BNB balance and how much token you could get was determined by drawing, now you are requesting and the amount of tokens you can get changes according to the total demand.
The final stage is token distribution. The next process you need to follow is when the project will be listed on Binance and the start time of trading. Since there is a very volatile pricing in the first minutes for the tokens listed on Binance, you still need to pay attention to this process, if necessary, you may need to wake up by setting an alarm and buy and sell.
There are also detailed reviews of Binance Research about the projects that are on sale on Launchpad.
Source: Alp Işık
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