Binance’s token sale platform called Lauchpad will be announcing one project every month in 2019. BitTorrent and Fetch.AI are to pilot the initiative.
‘Distinguished Token Sale’ Platform
Binance’s Launchpad is a platform which attempts to legitimize token sales while supposedly providing the featured project’s team with additional advisory, insights, and experience.
According to an official blog post from January 3rd, Binance will begin announcing one new token launch every single month in the upcoming year.
The first two projects which are ‘coming soon’ to the platform are BitTorrent and Fetch.AI.
The file-sharing pioneer BitTorrent was sold to TRON’s Justin Sun earlier in June. The company will be issuing a new BTT token which is designated to improve file sharing amongst its 100 million monthly active users spread across 138 different countries.
The other project which will be initially featured on Launchpad is Fetch.AI – an AI-driven decentralized blockchain network, attempting to enable digital entities to transact without the need of human intervention.
Questionable Timing
Binance’s intentions are to provide additional support to the listed projects while putting them through a rigorous review process to guarantee validity.
According to the blog post, some of the factors that the world’s leading cryptocurrency exchange by means of market capitalization, include a screening of team members, large-scale adoption readiness, project maturity, and so forth.
It can’t go unnoticed, however, that funding of ICO projects has been on the low progressively throughout the entire 2018.
Live Bitcoin News reported recently that the prolonged bear market of 2018 has taken its toll on ICO projects, who’ve turned to day trading in order to stay afloat. In addition, prices of cryptocurrency ICO projects has fallen by 95% on average throughout the year.
What do you think of Binance’s intentions to begin listing projects on its Launchpad platform? Don’t hesitate to let us know in the comments below!
