Binance Launchpad provides resources for startups with the resources they need in the blockchain space. Binance describes it as a token launch platform for transformative projects. The project aims to guide and aid promising projects in the crypto world, this may be in the form of networking, resources or knowledge to raise funds via an ICO.
Launchpads also allows the project to showcase their idea on a platform of more than 10 million Binance users and potential investors. One of the startups Binance supported is BitTorrent, a peer-to-peer-sharing platform that went in to become a huge success, BitTorrent was bought by TRON’S Justin Sun, for a whopping $140 million, this was largely due to its BTT token.
The sale was done by both Binance and Justin Sun, its entire ICO supply of 59 billion tokens sold in minutes. BTT has so far made 787% in return since its token sale.
Launchpad is careful to select projects with high potential, another one is Fetch.AI, a project that combines blockchain technology and artificial intelligence in a bid to provide data for Fetch Tokens (FET), the network’s native cryptocurrency. FET’S ICO reached its hard cap in just 30 seconds.