What is Binance Launchpad ? Buy Coin98 (C98) On Binance Launchpad
Learn about virtual currencies, have you ever wondered, want to buy tokens in the period before they are listed on the exchange? And where to buy them? Answer: try to learn about What is Binance Launchpad? Who knows, you will have x3 x4… your account.
What is Binance Launchpad? How To Buy Coin98 (C98) On Binance Launchpad
What is Binance Launchpad?
BINANCE LAUNCHPAD is a product in the Binance ecosystem, the main purpose of which is an “incubator” for new projects in the Blockchain field that want to issue tokens. Specifically, Binance Launchpad will support consulting, introducing, promoting and selling tokens for these potential projectsLearn more about Binance exchange: What is Binance exchange?
What is Binance Launchpad?
According to the information provided by Binance, in order to be noticed by Binance Launpad, these projects must meet all of Binance’s criteria, including:
- The project is nearing completionEnsure the readiness for large-scale scalabilityCapable and experienced development teamBenefits the development of the crypto-ecosystem
Of course, if a project passes all the above rounds, they will be honored to be on Binance Launchpad.
Why do New Projects want to collaborate with Binance Launchpad?
There are quite a few reasons, but according to Phong Duy, there are a few outstanding reasons:
- The community of Binance users is very large, Binance exchange is currently the largest centralized virtual currency exchange in the world. The large community will help new projects have the opportunity to reach more users. The Binance team that leads Changpeng Zhao that people often call CZ is very reputable and top of the chop. Binance exchange was born in 2017, but so far it has developed more than long-standing exchanges like Coinbase of the US (established in 20212).
- That proves, not only CZ but also the development team of Binance is very good and that. For the young project team to cooperate with the “big trees” of the crypto village, it is an honor for the vision and development of the project in the future. Binance exchange – famous for its prestige, Safe, many coins and crickets to use. You know: If a new token is offered for sale by Binance Launchpad. Why do users not consider buying to invest?
How to buy and the potential of tokens on Binance Launchpad:
How to buy tokens on Binance Launchpad:
Tokens that you buy in the form of Binance Launchpad are completely new tokens. This is usually the first public offering of that token. To purchase tokens on Binance Launchpad, you will need:
- Binance exchange account has KYC (identity verification with the exchange). If you do not have an account at Binance exchange, create HERE to hold (hold) an amount of Binance coin (BNB) on the exchange wallet to be eligible to participate. For investors with large BNB reserves, there will be opportunities to buy many tokens during each Binance Launchpad occasion. In addition, there are many reasons to buy Binance coin (BNB), you can refer to the article: Evaluation of BNB, should you invest? Learn new token information carefully, before you want to invest. Principle of selling tokens on Binace Launchpad: Binance exchange will require investors to hold BNB on the exchange wallet for a period of time. After that, the Exchange will calculate the average amount of BNB. Based on that, the exchange will announce the number of tokens that investors can buy. Next, the buyer will commit (commit) the amount of BNB to the exchange.
Note: this amount of BNB commits will be locked until the exchange allocates tokens. Finally, the exchange will return the amount of BNB (if there is any balance) to investors.
Select the checkmark on the Binance homepage ➙ select Launchpad ➙ follow the instructions.
How to buy Binance Launchpad
Potential for tokens to be issued on Binance Launchpad
As of July 15, there have been 48 projects introduced on Binance Launchpad, including projects such as BitTorrent (BTT), Matic Network’s token (Matic), Celr Network (CELR)… Interesting facts are: There have been tokens that have increased in price by several hundred percent since the day they were sold on Binance Launchpad. It can be said that the tokens sold on Binance Launchpad always attract attention and interest from investors. This is really an investment opportunity if you carefully study the project.
Coin98 (C98) token sale project on Binnace Launchpad
What is Coin98?
The Coin98 ecosystem, most notably the Coin98 cryptocurrency wallet (Coin98 wallet), is a cold wallet that helps to store, manage, swap and trade virtual currencies quickly, safely and easily.
Currently, Coin98 is the largest cryptocurrency ecosystem in Vietnam ????, the development team is Vietnamese, led by Mr. Le Thanh (co-founder) and Mr. Nguyen The Vinh (Co-founder).
Products of the Coin98 ecosystem include: Coin98 Exchange, Coin98 Multi chain Wallet, Coin98 Portfolio. In addition, the team is in the process of completing other products such as: Coin98 Launchpad, Coin98 Markets, Coin98 Lend & Borrow…
Coin98 (C98) token sale project on Binnace Launchpad
The first time I knew about Coin98 was when I learned about crypto, I must say the Coin98 team is very enthusiastic. Because, the knowledge they provide in Vietnamese is very useful and valuable. In my personal opinion, the bustling crypto market is largely due to the knowledge that Coin98 provides. The knowledge is free, but EXTREMELY quality.
After Coin98 wallet, there were many investors waiting for Coin98’s token to be born. Because the team is so quality, the product and development roadmap is full of potential… It can be said that the whole Vietnamese digital currency community is proud of the Coin98 team and the C98 token.
For more information about Coin98, please refer to: HERE
How to buy C98 tokens on Binance Launchpad:
As I said above, quite simple, including:
- Create a BINANCE account, if you do not know how to create an account. Please refer to the article Buy Binance coin (BNB) and store it in Spot wallet
Timeline of this event:
Preparation Round: from 2021-07-16 0:00 AM (UTC) to 2021-07-23 0:00 AM (UTC):
- During this time (07 days), you must store (hold) BNB in the Spot wallet for the exchange to calculate the amount of BNB. The exchange will calculate the amount of BNB commit (the amount of BNB purchased C98) by averaging the amount of BNB per day during the 7 days that the user keeps in the wallet. Specifically: a user who holds 3 BNB/day in his wallet for 7 days will be equivalent to someone who holds 21 BNB in 1 day.
BNB quantity registration round: from 2021-07-23 6:00 AM (UTC) to 2021-07-23 10:00 AM (UTC):
- Users register the amount of BNB with the exchange, the exchange will lock the amount of BNB (users cannot withdraw) to calculate the amount of tokens allocated to users
Token allocation round: from 2021-07-23 10:00 AM (UTC) to 2021-07-23 11:00 AM (UTC):
- close the registration and calculate the amount of tokens. Price 1C98 = 0.075 USD
Token Allocation Round: 2021-07-23 11:00 AM (UTC)
- The amount of tokens will be returned to the exchange wallet (Spot wallet) to the user. In case, the amount of BNB after the remaining token calculation round, will be returned to the user
Details of C98 token sale:
- Token Name: Coin98 (C98)Launchpad Hard Cap: 3,750,000 USDHard Cap Per User: 20,000 USD (266,666,667 C98)Total Supply: 1,000,000,000 C98 Token Allocation on Binance Launchpad: 50,000,000 C98 (5% Total Supply C98) Token Sale Price: 1 C98 = 0.075 USD (BNB price will be calculated at the time before the BNB commit registration round takes place) Only use BNB to buy C98
This amount of tokens will be calculated based on: the number of tokens (50 million tokens), the number of subscribers, the number of registered BNB … to calculate the amount of tokens allocated. Therefore, if you commit 3 BNB, it is unlikely that the exchange will return the C98 tokens converted from the above BNB. Currently, for me, C98 is the token I am very interested in buying.
Hopefully, through this article, you will understand more about Binance Launchpad and its potential to find the right investment opportunity for you. The crypto market has provided an opportunity to multiply xxxx… accounts for investors, but it has also taken away a lot of $$$ from those who lack knowledge. Be careful, research carefully and invest the money you are willing to lose.
- 1 What is Binance Launchpad ? Buy Coin98 (C98) On Binance Launchpad
- 2 What is Binance Launchpad?
- 3 Why do New Projects want to collaborate with Binance Launchpad?
- 4 How to buy and the potential of tokens on Binance Launchpad:
- 5 Coin98 (C98) token sale project on Binnace Launchpad