We look for strong teams who are typically in later stages in terms of product maturity with significant technical development and a history of delivering on their communicated milestones. Our team conducts extensive due diligence across team, technology, economics, community, go to market strategy, and commercial/strategic execution. Unlike many ICOs of 2017, where projects were able to raise capital simply through posting whitepapers on websites, we have a dedicated, full-time team analyzing every Launchpad candidate. We care deeply about protecting our users, and while we do not nor will we guarantee returns on Launchpad token purchases, we feel confident that we source, review and offer compelling projects for our users on the platform. Since then, we have seen many exchanges begin offering IEOs, with varying levels of diligence, quality and performance.Īt Binance Launchpad, one of our core differentiators as a platform is the rigor and depth of our diligence process. Shortly thereafter, many exchanges followed suit by offering their own versions of Launchpad, in what the industry has collectively referred to as an “IEO,” or Initial Exchange Offering. The sale was successful and the project has generated positive returns for our users since the offering. We offered our first Launchpad sale of 2019, Bittorrent, in January during a difficult bear market. Since then, we have helped projects raise a total of ~$27 million through our platform to continue building their networks. Core to this mission is enabling communities to participate in and support project teams that are building networks whose value accrues to a native digital asset.Īs part of our evolution, we reintroduced public sales in early 2019 through Binance Launchpad, a platform for offering token sales to our user base. The views and opinions expressed in this article are the author’s own and do not necessarily reflect those of CoinMarketCap.The Binance Launchpad team would like to share some thoughts on our offering - including the rigor of our diligence and the value proposition we offer to both Binance users who gain exposure to quality projects and teams who use our platform as an alternative to traditional, private fundraising.Īt Binance, our mission is to spread the freedom of money. This article is not intended as, and shall not be construed as, financial advice. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is intended to be used and must be used for informational purposes only. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). Total tokens allocated to Binance Launchpad: 50,000,000 BETA (5% of Total Token Supply) Public sale token price: 1 BETA = 0.06 USD (price in BNB will be determined prior to subscription) Beta Finance (BETA) TokenomicsĪs per the official announcement of Binance, the Beta Finance (BETA) token will have the following breakdown: There is also a scalable asset tier model that allocates assets into different tiers based on their liquidation LTV, safety loan-to-value (LTV), and liquidation bonus tokens. Currently, the Beta Finance protocol supports USDT, USDC, DAI, and ETH with 90%, 90%, 90% and 80% collateral factors respectively. The support for collaterals is also determined based on their liquidity ratios for example, high liquid assets will have higher collateral factors as compared to crypto-assets with lower liquidity. As highlighted above, Beta Finance (BETA) protocol works on an isolated collateral model which means that liquidation of a single asset doesn't have an impact on the entire protocol. This is a part of the risk framework offered by the Beta Finance platform.
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