There is no doubt that cryptocurrency initial offerings were one of the most famous ways to achieve astronomical profits from cryptocurrencies during a time when the meme coin market did not exist.
During the period from 2016 to 2018, cryptocurrency initial offerings, known as ICOs, were the trend at that time, and you would hear about the astronomical profits some made from these offerings.
Among these offerings was the $BNB coin, for example, which is now considered the fourth largest digital currency by market capitalization.
However, despite the success of some initial offerings, we also witnessed hundreds, if not thousands, of failed and fraudulent offerings, to the extent that some see this period as the end of the initial offerings bubble.
Therefore, although initial offerings can yield good profits, the security factor was the primary reason for the cryptocurrency market's lack for several years, and this is what Binance came to change.
A few months ago, Binance started a security-based offering model that gives users the advantage of participating in these offerings in a secure framework.
All Binance initial offerings so far have been highly successful. The least offering that came from Binance during the past period achieved at least double the profits in one day.
Thus, the opportunity for initial offerings on Binance is not to be missed. In this article, we will delve into the details of Binance initial offerings, how they work, and how to participate in them.
What are Binance initial offerings?
It is a limited sale of digital coins before they are listed on the public market.
Binance offerings do not take place directly on the platform itself, but rather on the PancakeSwap platform. However, to participate, you must be a user of the Binance Web3 Wallet.
The idea behind Binance offerings is simple: the offering opens for a short period ranging from one to two hours. During this time, participants deposit the BNB they wish to use in the offering.
During this period, the allocation for each person is calculated based on the number of BNB they participated with.
What are the profits from Binance initial offerings?
First, you should know something important: to participate in the offering, you are allowed a maximum of 3 BNB.
Based on this, let's assume you entered with the maximum of 3 BNB for a coin like HYPER, which recently had an initial offering.
Then, let's assume that all participants in the offering put in 300,000 BNB, but the project only wants to raise 10,000 BNB.
In this situation, you will be able to participate with 3.33% of the amount you allocated for the offering.
As in the example, you allocated 3 BNB, and the allocation percentage you will receive is only 0.1 BNB.
Some may see this amount as small, but with profit multiples and the short duration of the offering, the opportunity is satisfactory for some, considering it a guaranteed profit opportunity.
How to participate in a Binance offering
Open a Binance Web3 Wallet.
Transfer BNB to this wallet with a maximum of 3 BNB.
Follow the Binance Wallet account on Twitter for announcements regarding offerings, and make sure to check the start date of the offering.
When the offering opens, start depositing your capital through the PancakeSwap platform.
At the end of the offering, return to the offering page and withdraw the allocated project coins along with the unused BNB.
