#Day63 : Binance Launchpad? How to Participate in an IEO
Binance Launchpad is a platform that helps new crypto projects raise funds through Initial Exchange Offerings (IEOs). Unlike ICOs, where tokens are sold directly to the public, an IEO is conducted on a trusted exchange like Binance, ensuring security and transparency.
How to Participate in an IEO on Binance?
1. Hold BNB – Most IEOs require users to hold Binance Coin (BNB) in their wallets for a specific period.
2. Complete KYC – Users must verify their identity to comply with Binance’s regulations.
3. Check the Project – Binance announces upcoming IEOs with details on token supply, price, and lottery rules.
4. Commit BNB – Participants commit their BNB during the subscription period.
5. Token Allocation – Tokens are distributed based on the amount of BNB committed.
Binance Launchpad is a gateway to investing in promising crypto projects early. Stay informed and trade wisely!
