Following the success of BitTorrent (BTT) ICO, Binance Launchpad has already announced a new project coming up on February 25th. Binance Coin (BNB) continues to mark gains.
BitTorrent (BTT) ICO Set the Stage
BitTorrent (BTT) completed its ICO exclusively on Binance Launchpad on January 28th. The project sold all of the projected tokens in under 15 minutes, raising $7,128,000. Following the event, the price per BitTorrent Token (BTT) surged, now trading over eight times the original price.
It seems that the success of BitTorrent set the stage for other project launches on Binance’s ICO platform.
As of yet, there are three successful initial coin offerings, all of which performed remarkably well, especially given the current stage of the ICO market. Apart from BitTorrent, these are also BREAD and GIFTO.
New Project on the Horizon for Binance Launchpad
The next project that users can look forward to is Fetch.AI. It’s going to be held on February 25th.
Fetch.AI is intended to take advantage of artificial intelligence (AI), machine learning, distributed ledger technology, and multi-agent systems in order to introduce an environment where participants can enjoy increased efficiency through effective predictions and introductions.
Details regarding the sale are yet to be disclosed. However, the private token sale will be allocation tokens at $0.05267 per pop.
Interestingly enough, ICOs launched on Binance Launchpad don’t seem to follow the same time pattern as traditional ones we used to see a lot of in 2017 and 2018.
All ICOs are concluded in a fairly short time frame. Fetch.AI, for example, will end either when its hard cap is reached or on March 2nd – one week after the start of the sale.
Binance Coin Continues to Make Gains
In the wake of all this, Binance Coin (BNB), continues to make gains. The cryptocurrency retains its 10th on the chart of the largest digital currencies in terms of market capitalization, trading at $8.22 at the time of this writing.
This marks another 3 percent gain throughout the last 24 hours.
What do you think of the Binance Launchpad? Do you think it can bring back the hype around ICOs? Let us know down below!