Launchpad

The LAUNCHPAD operates as a crowdfunding platform for cryptocurrency projects, where users can participate in crowdfunding and receive additional new cryptocurrencies issued by the project that launched the offer.

There are many launchpad platforms, but due to its size, stability, and reliability, Binance is currently the safest, so I personally prefer to only participate in launchpads that have been CAREFULLY PRESELECTED by the Binance team, which has proven to be the BEST IN THE WORLD in this type of selection.

In fact, the Binance Launchpad has supported numerous successful projects in the cryptocurrency industry, including Matic (10000x), BitTorrent, Fetch.AI, Celer Network, and many others.

We can say that the launch of new projects through the Launchpad has indeed contributed to stimulating innovation in the cryptocurrency industry and providing investors with access to new interesting opportunities.

Here is a detailed guide on how to participate in a Launchpad:

-Verify your account: Users must verify their identity before they can participate. In order to do this, it is necessary to provide some identification documents, such as a passport or ID card. Verification may take several days, so it is important to plan ahead.

-Own Binance ecosystem cryptocurrencies: To participate in a Binance Launchpad, it is necessary to have cryptocurrencies on your account, usually BNB.

-Know the available projects: Once you have a sufficient amount of cryptocurrencies on Binance, you can access the Launchpad section to view the available projects.

We will find a detailed description of each project, including technical specifications, development teams, and, very importantly, the preparation and subscription dates for the Launchpad.

-Participate in the Launchpad: When you have selected the project you wish to participate in, you can subscribe using the cryptocurrencies on your account. Launchpads usually takes place within a limited time period and window and may be limited to a certain number of participants, so it is important to have someone who constantly monitors this section and sends reminders at the right times.

-Receive new cryptocurrencies: Once the crowdfunding is over and the project has achieved its goal, it is possible to receive the new cryptocurrencies issued by the project on your spot account. These cryptocurrencies can then be held, sold, or traded on this or other exchanges.

-If you wish, once you have read about an upcoming launchpad, you can research the projects, such as identifying the development team, their experience, the technology they use, and their roadmap for the future. It is also important to evaluate the market potential of the project and the competitiveness of the industry. This can help make a more informed decision on how to then manage the received cryptocurrencies, whether to monetize them immediately during the first huge rise of 1000% / 2000%, or to hold them for the long term.

These may seem like obvious decisions, but it is not that simple. For example, if Matic had been held for years since the launchpad, it would have made 1000000%.

Now let's see an example of a recent Launchpad:

-We read in the Launchpad section that in a few days, a new Launchpad for the EDU token will begin.

-If you have BNB, from that moment, the platform starts counting the BNB held, and based on how many you have in your wallet every day until April 28, you will then be given the opportunity to participate in the new launchpad EDU with AT MOST the average of the BNB held during those PREPARATION days.

However, subscriptions for the launchpad can only be made on April 28(that specific mentioned date only), as indicated in the Launchpad section.

And that's why it's important to have someone dedicated to sending reminders for these deadlines.

In fact, if you forget to subscribe, you won't be able to participate anymore, even if you've held onto your BNB.

Once the subscription date for the Launchpad arrives(in this case, April 28th) it will be possible to SUBSCRIBE your BNB for the EDU Launchpad.

*Important: Unlike the calculation for the maximum BNB that can be used, which has been carried out in these preparation days, for the actual subscription, ONLY the BNB effectively available in the SPOT Wallet can be used for the Launchpad.

At this point, we will receive the tokens in our SPOT wallet within a few hours.

Once the token pair starts trading, we can monetize it, if we want.

Note: The approximate time of the opening of the trading is ALWAYS INDICATED in advance.

In the example in question, I sold shortly after the launch, achieving about a +2000% gain.

Why do some users find it difficult to understand the dynamics of Launchpads?

This happens because these users think of Launchpad as a technical static tool, when in reality, it is only a crowdfunding tool.

And that's why FEW DETAILS of the operation may vary from Launchpad to Launchpad.

-Certain Launchpads may require funds to be held on the exchange for a week.

-Others may require funds to be locked in staking for 48 hours.

-Others may require farming the listed token for a month, while the token is being traded and therefore can be monetized daily.

And in reality, they can always vary slightly.

That's why it's useful to follow and communicate in a clear way all the details of each Launchpad that comes out each time.