Binance Launchpad IEOs have been largely next generation blockchains with high throughput, quick transaction finality and support for flexible smart contracts. Instead of offering more of the same, this time the most popular cryptocurrency exchange is giving investors a breath of fresh air.
Thus the novel approach to project selection will go hand in hand with the new lottery rules, which were announced a few days ago.
Despite the indications of being a successful platform since before its IEO, community expectations have been lowered as compared to the crowd sales of Harmony and Matic. This is partly due to the token pricing, which gives the token a total market cap of $119,979,900 – perhaps leaving less room for growth than Binance Launchpad’s previous offerings. IEO returns of up to ten times the invested amount might be out of reach this time.
However an already established product with DeFi integrations and fiat onramps, witty token economics that incentivise holding and strong backing from Tron has a very solid argument for selling at a higher price than a project during its planning stage. So we still expect the IEO to be filled with a low percentage of winning tickets. With only five days remaining until the winning ticket draw, it won’t take long to know for sure.