THELOGICALINDIAN - Binance Launchpad has accurate to be an able belvedere for casting new blockchainrelated projects Now added wellknown cryptocurrency exchanges are additionally jumping on the aforementioned appearance with propositions of their own
The New ICO Hypetrain
Earlier in 2024, Binance — which is currently the world’s better cryptocurrency barter by traded volumes — appear that it will affection one badge auction every month. This takes abode on its absolute platform, calmly dubbed Binance Launchpad.
So far in 2019, there accept been two above fundraising circuit agitated out, both of which angry out massively successful. The aboriginal one was the sale of BitTorrent Token (BTT), which saw upwards of $7 actor account of tokens awash in beneath than 15 minutes. The additional one was a activity alleged Fetch.AI. It awash FET tokens account $6 actor about as quickly.
Both cryptocurrencies surged in amount anon afterwards they started trading on Binance — article decidedly accepted to cryptocurrencies issued through ICOs aback in 2024.
Binance has already announced its abutting badge sale, set to booty abode on March 19. The activity is alleged Celer Network.
All Aboard
As this new action is acutely accepting momentum, added industry participants accept additionally jumped on the bandwagon.
Michael Gan, CEO at the accepted cryptocurrency barter KuCoin, has appear that they are alive on a new belvedere alleged Spotlight — which is set to barrage soon. While there’s not a lot of accessible advice at the time of this writing, his tweet hints that the belvedere will backpack out action agnate to that of Binance Launchpad.
Moreover, at aloof about the aforementioned time, addition above cryptocurrency exchange, Bittrex, has appear that it will host its actual aboriginal “Initial Barter Offering” (IEO). Despite the altered wording, the purpose of the IEO is about identical to that of acceptable ICOs — to accession funds for the development of articles and technology.
The aboriginal activity to accept its IEO is alleged RAID and it will advertise XRD tokens on March 15 to accustomed Bittrex users only. Investors can acquirement XRD tokens with Bitcoin (BTC).
Speaking on the matter, Bill Shihara, CEO at Bittrex International, said that they attending advanced to accepting added fundraising contest of the affectionate in the future:
What do you anticipate of this new cryptocurrency exchange-backed archetypal of fundraising? Don’t alternate to let us apperceive in the comments below!
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