The Binance Launchpad platform has recorded gains of over 270% for its three Initial Exchange Offerings (IEO) this year. With such returns, it’s no surprise that demand is now rising and other exchanges are now copying the new model.
271% Average Gains on Binance Launchpad
Tokens of projects launched through Binance Launchpad have gained 271% of their IEO dollar price at the time of this writing.
So far, the platform has launched three projects, namely BitTorrent, Fetch.AI, and Celer Network.
As seen on the table above, the tokens of every single one of them has seen its price skyrocket at the time it got listed on Binance.
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. It has increased even more since, currently trading at 483 percent higher compared to its IEO dollar value. The cryptocurrency has also increased against Binance Coin (BNB). Presently, it marks gains of around 154 percent.
Fetch.AI (FET) token was sold at a price…