Binance Launchpad, a third-party internal "ICO" during which the tokens of a new cryptocurrency project are sold out yesterday, went through Binance yesterday.
The latest launchpad concerned the Celer network project (CELR). In advance of Binance, 597,014,925 CELR tokens worth $ 4 million were sold in 17 minutes and 35 seconds.
CELR token purchases were only possible through the Binance Coin (BNB) crypt, with each CELR token at 0,000434 BNB and $ 0.0067 at the start of the sale. Thus, it was possible to buy approximately 2 303 CELR per BNB. The minimum investment amount was $ 20, maximum $ 1500.
Binance launches Binance Launchpad as an exclusive way of selling a new token that is designed to help high-quality start-up projects get development finance. The Celer Network project aims to enable off-chain transactions for payment transactions as well as generalizing off-chain smart contracts.
The previous two Binance Launchpads have done a great job. The first was a BitTorrent (BTT) token that was launched on the main page of the TRON project. $ 7.1 million BTT token sold out in less than 15 minutes. This was followed by the Fetch.AI token (FET), a project that claims to build a new "internet economy". These were sold for $ 6 million in 22 seconds.
BitTorrent (BTT) and Fetch.AI (FET) tokens have grown significantly after the subsequent listing of Binance in the classic business. On both projects it was possible to record more than 4-fold gains compared to pre-sale purchases.
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