IEO Hype: Binance Launchpad Gains Make Up a Bit Less than 380% on Average
Binance launchpad 377% for its initial initial launch offerings (IEO) this year. Fetch.AI (FET) token was sold at a price of $ 0.0867 during the token sale event. Binbers are just purchased with Bnb.
It was a celer network, which has been selling it. There is no open token distribution for the CELR beyond the recent sale on the market, the team has been trading at around $ 0.025. For comparison, the price was $ 0.0067, suggesting yet another staggering increase of around 400%.
CELR was sold at $ 0.00043 during the token sale, revealing a similar increase compared to its USD value. So far, I’ve been able to generate a 711% ROI on average, I’m not counting (but still still impressing) 496%, Celer Network — 597%, and 1041% return. Thanks to its model, it can be used as a model for IEO.
<br> we all the remember of As, just recently named scope Binance supported the BitTorrent IEO on ITS Launchpad platform. Tokens available the All Were sold A in a FEW minutes with a total of $ 7.2 mln raised.
During its IEO, BitTorrent Token (BTT) was sold at a price of $ 0.00012. As soon as it got listed, its price catapulted with about 330 percent. Price was $ 0.000768 with all-time high of $ 0.001250. It has increased even more since, currently trading at 640 percent higher (ROI) with all-time high of 1041 percent.
Fetch.AI Sets Its Own Records
Fetch.AI (FET) token was sold at a price of $ 0.0867 during the token sale event. Price was $ 0.199 with all-time high of $ 0.430755. It has increased even more since, currently trading at 230 percent higher (ROI) with all-time high of 496 percent.
Fetch.AI was definitely one of the most anticipated ICOs of this year. It’s a challenge to achieve a successful raise after only 22 seconds.
IT is right of As now! Just, all the sales to the launched Binance Launchpad are Explicitly available to BNB holders , as with the tokens are the only Purchased with BNB. Where is the sale, where are the users with Tron's TRX .
Celer Network Token Sale: Highest Buy Demand
Another token sale hosted by Binance was that of Celer Network, which broke demand records with 39,000 users tried to get a piece of it. Unfortunately, only about 10 percent of them managed to get their hands on the CELR token. And they should definitely be thankful about it.
The heightened interest in CELR has also created a new round of scams, and the project team warns against sending funds to a fake token sale. There is no open token distribution for CELR beyond the recent sale on Binance.
Following its listing on Binance, the token is currently trading at around $0.025. For comparison, the price asked for it during the Launchpad token sale was $0.0067, suggesting yet another staggering increase of around 400%.
Presently, CELR trades against Binance Coin (BNB) at a price of 0.0015 BNB. During the token sale on Binance Launchpad, CELR was sold at $0.00043, revealing a similar increase compared to its USD value.
Immediately after the last sale – that of Celer Network, Changpeng ‘CZ’ Zhao, CEO at Binance, said that it was “actually the highest buy demand sale we have seen so far.”
Binance Launchpad Performance: Summarizing Review
So far, with these three token sales launched, projects managed to generate 711% ROI on average, with Fetch.ai accounting for the smallest (but still impressing) 496%, Celer Network – 597%, and BitTorrent setting a record with a whopping 1041% return.
With hard caps set between $4m and $7.2m, the average return on investment constitutes 379%, with Fetch.ai making up 230%, Celer Network managing to hit 266%, while BitTorrent leading the pack again with 640% in USD return.
More Crypto Exchanges Coming to the Race
And while Binance may be the best-known user of IEO model thanks to its Binance Launchpad, it is certainly not the only exchange to employ it. Many others did the same, including Huobi (with its Huobi Prime), OKEx (OK Jumpstart), Bittrex, Bitmax (Bitnax Launchpad), and KuCoin ( with its new IEO platform Spotlight).
The combination of exchanges and token-launching platforms significantly increased the exchanges’ trading volume, as well as the demand for their native tokens.
Meanwhile, there will be a lot of effort. After all, they’ve been able to see the background.
There are so many things that a company need to do in order to make a successful IEO. If you are considering an IEO for your cryptocurrency project, you probably have some questions about how to market…
The data shows that Binance has, by far, the highest average USD return on IEOs across the examined exchanges while Bittrex has the lowest (and negative) USD return