Binance Launchpad, the ICO platform of the largest cryptocurrency exchange by trading volume, has announced a new initial coin offering after having three successful previous ICOs including BitTorrent (BTT) ICO.
Although still relatively new, Binance Launchpad has proven its worth as an impressive platform for launching ICOs. The three earlier projects, namely BitTorrent, BREAD, and GIFTO, have managed to reach their goals with the assistance of Binance Launchpad.
As a matter of fact, BitTorrent’s ICO was able to sell almost 60 billion BTT tokens in less than 15 minutes, with two sessions running simultaneously. The project managed to raise a total of $7,128,000.
The price of BTT token surged right after ICO. At present, BTT is currently trading at about 9 times its ICO price, based on CoinMarketCap. The increase led to several exchange listings such as Binance, KuCoin, and OKEx among others.
On the other hand, the price of Binance’s native coin, Binance Coin (BNB), has also increased since the event. On February 6, BNB rose more than 14 percent and made it to top 10 cryptocurrencies in terms of market capitalization.
Notwithstanding the current state of the market, it seems like there is no stopping Binance Launchpad. The platform just added a new ICO, which will take place on February 25th.
Dubbed as Fetch.AI, the project combines machine learning, artificial intelligence, DLT, and multi-agent systems to maximize the efficiency of the participants of the economy through effective introductions and predictions.
Although there are still a lot of particulars yet to be revealed, the ICO has start and end date already. The ICO will only last for 7 days, which is not surprising since projects on Binance Launchpad are selling out fast.