To kick off the New Year, Binance declared that it might shortly be launching new token fundraising every month through its Binance launchpad platform.

Binance launch pad is an initiative that helps blockchain projects raise funds and gain access to a lot of extensive network of supporters throughout the crypto sphere.

In addition to providing the option to fund the project by Binance’s 10 million users, Binance conjointly assists those blockchain projects by providing advice and mentorship.

As you'll imagine, this application process is very selective. For every project, Binance goes through a rigorous review process to spot factors like comparatively mature-stage project development and readiness for large-scale adoption.

Binance users will access every featured projects token by just completing their Binance account verification (to ensure token offerings are being conducted only for users passed KYC). The present batch of projects that will be launched through Binance launchpad are BitTorrent and Fetch.AI.

Could Launchpad facilitate restore faith within the ICO model?

Binance launchpad has been around for a long time and did feature some triple-crown projects in late 2017, together with Bread (wallet) and GIFTO.

Ever since the market of 2018, launchpad hasn’t promoted any new projects. the foremost apparent reasons are doubtless due to regulation affairs together with the market normally and particularly among the dropping ICO market.

If this were the case, then the resurgence of launchpad and also the upcoming BitTorrent and Fetch.AI announcements is also a sign that Binance is regaining its trust within the ICO fundraising option.

The launching of new tokens via launchpad looks as not only a optimistic sign for the crypto market, however additionally an indication that some players within the crypto house still believe the ICO model. Ultimately, supported the success and reputation of Binance, it looks as if you won’t notice a stronger filtering process for promising ICO projects than through launchpad.

Any blockchain project that manages to go through Binance’s rigorous review method and gain their approval possibly has potential and should be paid close attention to. As always, you've got to do your analysis before going for any investment.

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