Performance of Binance's Last 5 Launchpad Projects
Performance of Binance's Last 5 Launchpad Projects

Performance of Binance's Last 5 Launchpad Projects

By Apoaca | crypto_world | 7 May 2020


 

What is Binance Launchpad Platform?

 

Binance Launchpad platform is the token sales platform of Binance Ecosystem, where Binance users have the opportunity to be an early investor in new projects with the Binance Coin (BNB) they hold in their accounts, and aims to ensure that project owners can continue their work by funding their projects with the investments of Binance users.

With Binance Launchpad Event, projects where users can be early investors are listed in Binance in a very short time and are opened to the trade of all Binance users.

Let's take a closer look at the performance of Binance's last 5 Launchpad Events.

 

CARTESI

Cartesi is building an operating system for dApps. The project enables complex and intensive computations run in a Linux environment, outside the blockchain, without compromising decentralization. Cartesi aims to make dApps significantly more powerful, cost-effective, easier to develop, and portable. The goal is to bring mainstream productivity to developers and a satisfying experience for users.  

Cartesi Binance

 

Binance exchange recorded BNB balances of BNB holders for 7 days.  

ticket

The number of tickets won in the lottery was 4.82% of the total number of tickets. Due to this rate, Binance users who did not have a winning ticket criticized the lottery system.

Cartesi token was sold for $ 0.015 at the Binance Launchpad event.

ctsi


When Cartesi was opened for trading on the Binance exchange, it was the highest value of $ 0.098.

The Cartesi project made a huge profit for users who had a winning ticket at the Binance Launcpad events. However, it is not possible to say the same for Binance users who buy Cartesi at $ 0.098 level. 

As I write the article, Cartesi is traded at $ 0.03439 on the Binance exchange.  

 

WAZİRX 

WazirX is a cryptocurrency exchange with an advanced trading interface. WazirX’s aim is to bridge the global fiat-cryptocurrency gap with the world’s first auto-matching P2P engine - WazirX Peer-to-Peer. 

WazirX’s native token, WRX, is the utility token forming the backbone of the WazirX ecosystem. The WRX token is built on Binance chain with future use cases including: trading fee discounts, WRX trade mining (unlock and earn WRX tokens by performing trades), paying for margin fees, and more.

The WazirX Exchange, bought by Binance in 2019, began operations in 2020, when the Indian Supreme Court lifted the ban on crypto in India. With Binance's funding of $ 50 million to the Wazirx Exchange,WazirX Exchange had the chance to expand its operations in India.

 

wazirx  lottery

 

Binance exchange recorded BNB balances of BNB holders for 30 days. 

wazirx ticket

WazirX token was sold for $ 0.02 at the Binance Launchpad event.

 

wazirx

 

WazirX increased from $ 0.02 to $ 0.075 on the first day it started trading on Binance. WazirX, which had fluctuated performance for a few days, reached its highest value at $ 0.22989 on 2020.03.07.

WazirX made a great profit to ticket holders in the sale of Binance Launchpad and to those who invested in tokens after opening to trade.

WazirX was affected by the loss in the crypto market after Covid-19, and its value fell to $ 0.05167. As Bitcoin tested the $ 3750 level and started to rise again, it started to gain value in WazirX.

As I write the article, WazirX is traded at $ 0.13562 on the Binance exchange.  

 

TROY

Troy Trade is a global main broker specializing in crypto trading and asset management. It offers crypto brokerage services for revolutionary products including spot and margin trading, derivatives, data, custody, lending, and stacking in a single account for corporate customers and professional traders. TROY Token is the main instrument of the Troy ecosystem.

troy ticket

 

Binance exchange recorded BNB balances of BNB holders for 30 days. 

 

troy lottery

The winning ticket rate is 22% according to the ticket rate distributed at the Troy Launchpad event. According to the WazirX and Cartesi Launcpad events held after Troy, the winning ticket rate is extremely high.

TROY token was sold for $ 0.05 at the Binance Launchpad event.

 

troy

 

Troy increased from $ 0.005 to $ 0.012 on the first day it started trading on Binance. Troy could not show the same perfomrans in the following days and started to lose value. Affected by the loss in the crypto market after Covid-19, Troy fell to $ 0.00126.

In the Troy Launchpad Event, investors with winning tickets made a profit.However, after Troy was opened to trading, the vast majority of investors who bought Troy suffered serious losses.

As I write the article, Troy is traded at $ 0.0026470 on the Binance exchange.

 

KAVA

Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets (BTC XRP BNB ATOM etc.). It is supported by over 100+ business entities around the world including prominent crypto funds and major crypto projects like Ripple and Cosmos. The platform features two tokens:KAVA a governance and staking token responsible for securing the network and voting on key parameters; and USDX an algorithmically maintained stablecoin backed by crypto asset collateral.

kava lottery

 

Binance exchange recorded BNB balances of BNB holders for 30 days. 

kava ticket

The number of tickets won in the lottery was 9.01% of the total number of tickets and was far from meeting the demand of the majority of Binance users.

 

kava

 

Kava increased from $ 0.46 to $ 1.644 on the first day it started trading on Binance. Kava managed to hold above $ 1 in the following days. Before Covid-19 hit the crypto markets, Kava's value had risen to $ 1.4. On the night when Bitcoin was experiencing great depreciation, Kava's value dropped to its lowest level of $ 0.24. Even though Kava begins to recover after the great depreciation, it seems to be far from the level that its investors will laugh at.  

Despite the negative situation, Kava also has some advantages.

Kava's efforts to develop its own ecosystem and increased collaboration with Binance may make Kava investors smile in the future. Kava's initiation of BNB locking operations will also contribute to the increase in BNB's value. Also, the Kava Stake Event is continuing at the Binance Exchange. In this event, the Kava stake reward rate ranges from 14% to 16% annually.

As I write the article, Kava is traded at $ 0.5155 on the Binance exchange.

 

BAND PROTCOL

Band Protocol - Secure and scalable decentralized oracle for Web3.0

Band Protocol is a secure and scalable decentralized oracle serving as a layer-2 protocol on public blockchains. It allows dApps to leverage existing data on the internet without trusted intermediaries bridging the use cases between Web 2.0 and 3.0. Band’s unique multi-token model and staking mechanism ensure that data is free from manipulation. By making data readily available and reusable on-chain Band Protocol offers a cheaper and faster solution compared with alternatives all without compromising security. Developers using Band Protocol will be able to build a wider range of dApps with integration to off-chain financial data reputation scores identity management systems and much more bringing blockchain closer to mass adoption.

band

 

Binance exchange recorded BNB balances of BNB holders for 30 days.

band lottery

The number of tickets won at the lottery was 9.43% of the total number of tickets, and Binance users, of course, were not satisfied.

 

band

 

Band increased from $ 0.473 to $ 2.365 on the first day it started trading on Binance. After the summit on the first day, Band quickly began to depreciate, 2 months later the Band fell to $ 0.1965. T

he Band, which gained value until the Covid-19 crisis and reached $ 0.75, decreased to the lowest value in history after the Covid-19 crisis, to $ 0.1923.

Investors with a winning ticket at the Band Launchpad event made huge gains. Investors who took the Band after Band was listed in Binance may have suffered greatly. Investors who buy and hold the group may still be waiting.

As I write the article, Troy is traded at $ 1.0761 on the Binance exchange.

 

ANALYSIS OF THE LAST 5 LAUNCHPAD ACTIVITIES OF BINANCE

  • Investors with a winning ticket in the last 5 Launchpad events of Binanace seem generally profitable.
  • While Cartesi, Troy, Kava and Band tokens reached their highest values on the first day they were listed, WazirX reached its historical ATH value later.
  • On the first day when Cartesi, Troy, Kava and Band tokens are listed, traders who buy tokens at high value and do not sell these tokens seem to have made a bad investment and lost money. Investors who buy WazirX tokens seem to have a chance to make a profit in every period.
  • In Cartesi, WazirX, Kava and Band Launchpad Events, the ratio of winning tickets to the total number of tickets was below 10%.
  • In Binance Launchpad Events, the BNB balances in the Cartesi project are calculated according to the average of 1 week, while in other projects, the balances are calculated according to the average of 30 days.
  • Although Binance Launchpad Events are criticized by users, the participation rate in the events seems to be extremely high.
  • In Binance's last 4 Launchpad Events, the value of 1 ticket is $ 200. Only in Band Launchpad event, the value of 1 ticket is $ 300.
 
Binance Refferal Link:      https://www.binance.com/en/register?ref=11676071
 
Publish0x Refferal Link:   https://www.publish0x.com?a=MYerlRBbOB

 

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Apoaca
Apoaca

Man who loves crypto coins


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What Sataoshi Nakamato created was not just Bitcoin. Satoshi wanted to create a new world. A new economic system. A new foolish debate. Satoshi recreated privacy. Crypto will shape the future.

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