The crypto scene has witnessed a surge in several projects with some merely riding the crypto wave, and others making a real global impact. The most notable projects, for all we know, have come off the Ethereum blockchain due to its versatility, and we can only expect more to unfold in the coming months.
Do you intend funding a crypto project in the remainder of 2020? If yes, you must first know that, at the moment, there are a plethora of projects out there, and it can be overwhelming to just pick one and fork out liquidity. Hence, the need to focus on the legitimate cryptocurrency projects whose uses cases are providing massive global value.
Let’s take a look at the top 2 leading platforms to explore when funding a crypto project. This two are by no means the best, but they are platforms that have continued to generate positive feedback and push the usage of Ethereum and the general adoption of cryptos.
Binance Launchpad is the exclusive sales platform of the Binance Ecosystem where tokens are launched and traded – more like a fundraising event. Binance users on this platform are afforded the opportunity to invest in new and transformative projects using their Binance Coin (BNB).
The idea is to ensure that projects can be continually funded with the liquidity obtained from Binance users, to drive the mainstream adoption of cryptos. Some successful crypto projects on this platform’s launchpad include Band Protocol, Kava, Troy, WazirX and Cartesi.
Why Should You Explore Binance Launchpad?
The Binance launchpad enlists projects and provides in-depth reviews about every single one of them via its research centre. These projects are open to all Binance users and investments can be acquired through a lottery token system.
However, prior to enlisting a project on the Binance Launchpad platform, it is subjected to a rigorous verification process to ascertain its compliance with the established Binance standards.
This platform ensures that the crypto project is:
Made up of a goal-oriented team;
Relatively matured and in the developmental stage;
Ready for large scale operation
Poised for expansion towards a larger crypto ecosystem
Post-verification, the project is then hosted and made available to verified users of the platform. It is good practice to have a thorough read of the report provided on any project before sanctioning any kind of investment. Taking the advice provided by the research centre to heart will help guide your decisions and ensure that your first Binance Launchpad investment is successful.
Bitmex IEO Launchpad
Bitmex IEO Launchpad is another leading platform to explore when looking at funding a crypto project. Exchanges host crypto projects on their platform to attract massive interest, while also keeping up with the demand of the market – Bitmex is no different.
Let’s examine what “IEO” means for Bitmex Launchpad, and how it makes it the place to go when looking at funding crypto projects.
IEO and Bitmex Launchpad
Initial Exchange Offering or IEO for short is a token trade held on crypto exchanges. Depending on how an Initial Exchange Offering is planned, it works seamlessly on several crypto exchanges.
IEO enables the Bitmex Launchpad platform to create a pool where developers trade crypto projects and tokens with investors and enthusiasts. In contrast to ICOs, IEOs have been generating more positive reviews, ad they are a better alternative, hence, the peculiarity of the Bitmex Launchpad platform.
Why Should You Explore Bitmex IEO Launchpad?
Just like with the Binance Launchpad platform, projects are painstakingly reviewed to ascertain their authenticity and reliability based on certain pre-established conditions. Once the project meets the set criteria, the Bitmex IEO Launchpad team will go on to announce token sales and the price per token.
Additionally, IEO platforms are user-friendly and they improve trust levels among crypto projects. IEO tackles the problem of poor returns on investment experienced by ICOs.