Behind the Scenes of Binance Launchpools and Launchpads

While the luanchpad and launchpool processes attract great attention at Binance, the performance of the projects exhibited here draws attention.

Cryptocurrencies are moving in light of bearish and bull trending cycles. However, lately, it seems that the new cycle has been reflected in the sector in a different way. Launchpool, airdrop and listing are entering the new cycle.

Binance offers cryptocurrencies, which it almost removed from the dusty shelves, to users with the launchpool. On the other hand, with the launchpad system, Binance presents projects that are not on the market to millions of users. These cryptocurrencies stand out with their performance.

Binance Launchpads Gain Great Interest

Binance is implementing launchpads using BNB and stablecoins. These launchpads include newly released cryptocurrencies as well as popular cryptocurrencies. In particular, EDU attracted attention as the latest launchpad product.

Investors turning to cryptocurrencies that will hit the market or reach more audiences in the market have led to the popularity of launchpads. However, these launchpads started to give poor results in distributions due to increased interest.

Although Binance, which is seen as the world’s largest crypto money exchange, carries the crypto money it puts on the launchpads, it can be seen that these projects have failed. In the overall picture, it turns out that the launchpad projects have been blown away. So where do these projects come from?

Binance Launchpad Introduces New Coins

Binance has included many cryptocurrencies that it launchpad, under the name of the new listing. Especially Space ID and Voxies were among the prominent launchpads of the stock market. The latest Open Campus (EDU) has completed the launchpad process with nearly 120,000 participants. While all these launchpads hadn’t even read the whitepaper before they were released, they gained popularity after the Binance launchpad.

Space ID (ID) reached more than 500 thousand followers on Twitter after launchpad. The popular project is also gaining popularity with blockchain initiatives. Previously, Space ID continued its project on BNB Chain and made an effort to build a community.

Listed on Binance on March 22, ID entered $0.025 and saw $2.5 on the same day. However, as this rise took place in a very short time, it did not give investors much opportunity. Then, ID moved in the $0.45 band until April 13. The project, which has been on the rise as of April 13, managed to exceed 1 dollar. However, this bullish wave was quite short-lived and the price of ID retreated back to the $0.46 level.

In the project, which joined Launchpad with 100 million IDs, a price of 0.00007412 BNB was determined for 1 ID. 8,677,923 BNB has been deposited on Launchpad. Looking at the current BNB price, ID’s launchpad came in at $0.023 per unit. However, due to high participation, satisfactory IDs were not distributed to small investors. The participation of small investors in the project was around 0.45 dollars on average.

ID reached a market capitalization of $150 million. The project did not have such an interest before launchpad. The same thing happened on the EDU side.

Binance Launchpools Are Swaying

Binance launchpools also included popular projects such as SUI, GAL, HFT, RDNT, ANC, HIGH, MC, SANTOS, CITY, QI, DAR, MBOX, KLAY, and ATA.

While these projects were also known before the Binance launchpool, many of them gained popularity after the launchpool. In particular, SUI has been a project that almost the entire crypto ecosystem has been eagerly waiting for.

All these projects included in Binance have experienced an average of 50 percent ecosystem expansion. The popular exchange was successful in promoting projects and bringing these projects together with users. However, the projects did not show much success after the launchpool.

Launchpool coins, excluding Fan Tokens, formed a fixed price band by first rising and then falling after being listed. Considering the current situation, this price band does not seem to satisfy investors.

Especially ATA, DAR, QI, HIGH and ANC could not show sufficient performance in terms of price despite all the attention and effort. ID, HFT, SUI and RDNT still live up to expectations.

Almost 70 percent of Binance launchpools have also bottomed out in social metrics. These projects are not talked about and are having trouble attracting attention. Especially ANC has gained a place in the bottom zone due to the FUDs in its ecosystem.

Step To Fame: Binance Launchpool

Many projects have joined the Binance launchpool even though they have been involved in the crypto industry before. Although these projects are listed on other exchanges, they entered Binance through the launchpool. Radiant Capital (RDNT), in particular, said hello to Binance in March 2023, although it has been in the crypto market since 2022.

It was announced on March 30, 2023 that RDNT will join the Binance launchpool. The announcement on this date led to sharp rises in the price of RNDT. Moving around $ 0.235 in mid-March, RNDT rose to $ 0.46 after the launchpool announcement. Participation, which started the very next day, did not add any extra to the RDNT price. With the completion of Launchpool, RNDT, which is also listed on Binance, fell below $ 0.30.

The biggest question that came to mind was Binance’s deal with RNDT. It is not known whether Binance has also made a purchase in this project before. However, there is a fact that; RNDT, which moved at a price of $ 0.07 in early 2023, managed to reach the level of $ 0.33 in the current situation.

Winner of the Process Binance

Binance offers new cryptocurrencies to its users through launchpad and projects on the market through launchpool. However, the stock market does not openly share how much and how it earns from all these projects.

Looking at the launchpad and launchpool projects in general, more than 70 percent of the projects seem to have bottomed out. While the projects that made a name for themselves left their mark on the crypto industry, it is seen that the projects that are trying to become famous go through difficult processes.

Of course, Binance makes no commitments as it is a broker. Binance also frequently issues warnings as it prioritizes the safety of its users. Despite all this, it is obvious that the biggest winner of the process is Binance. The popular exchange limits participation in launchpools and launchpads to BNB and TUSD. In this case, users invest almost 8-9 million BNB in ​​the launch process. BNB is challenging the bear market with its rise after each announcement. BNB also plays a big role in boosting network activity.

Also, Binance may be making deals on the platform listing. A crypto project delisted by Binance in the past admitted that it paid BNB to the exchange to be listed. The project, called Mithril, announced that it paid 200 thousand BNB to Binance as a condition for listing.

Considering that the exchange has made an agreement during the listing or launch phase, digital assets may be entering the vault.

Still, to remind you, these launch processes by Binance contribute a lot to cryptocurrencies to become more known and stand out more. In particular, ID received great support from Binance in gaining global popularity.