In this article, we will examine what Binance Launchpad is, how it works, and why we should learn.
As we know, Binance is the largest crypto exchange. And it hosts more than 50% of the volume of the crypto market. Therefore, the projects for sale in Binance Launchpad perform very well.
Space ID and Open Campus tokens did presale at Binance Launchpad, 2023 March and April. And these tokens made 20-30x on the day they were listed.
Binance Launchpad usually gives the right to participate in presales in 2 ways.
- Subscription Type: You can participate with the amount of BNB in your Binance Spot account. You are entitled to a purchase proportional to the amount of BNB in your account. The more BNB you have, the more you get the right to purchase. And you can get the tokens with your BNB.
- Launchpool: In this method, you stake BNB, and you farm the token. The more BNB stake, the more you can farm the token. In fact, this is not a sale because you get the tokens as a reward for stake.
Step by step how to participate in Binance Launchpad presales
- Sign up for a Binance account: You must have a verified account on Binance to participate in Launchpad sales.
- Use the code for a 10% discount for commission: X63LU2NA, or link
- Complete KYC verification: Before participating in a Launchpad sale, you will need to complete the Know Your Customer (KYC) verification process. This process involves submitting a valid government-issued ID and a selfie for identity verification.
- Check Launchpad schedule: Visit the Binance Launchpad page or follow Binance’s official social media channels to keep up to date with the schedule for upcoming Launchpad sales.
- Hold Binance Coin (BNB): Launchpad sales typically require participants to use Binance Coin (BNB) to purchase the sale tokens. Make sure you have enough BNB in your Binance account before the sale.
- Join the Launchpad sale: On the day of the sale, go to the Launchpad page and click on the sale you want to participate in. Follow the instructions to complete the purchase using your BNB.
- Claim your tokens: After the sale is completed, the tokens will be distributed to your Binance account.
It’s important to note that Binance Launchpad sales are often highly competitive and have limited availability, so it’s recommended to be prepared ahead of time and act quickly during the sale.