Binance CEO Changpeng Zhao posted yesterday on his official Twitter account a tweet congratulating the projects launched on Binance Launchpad for their spectacular gains.
He mentioned 4 tokens in particular: Bittorrent (BTT), Fetch (FET), Celer (CELR) and Matic Network (MATIC). As an example, we could highlight that BTT, which was acquired by TRON, has generated a 787% gain compared to its launch price.
This is good news for Binance after it was reported earlier this month that a hacker or group of hackers had stolen around 7,000 bitcoins from the platform. The crypto trading platform reported shortly afterwards it was working to improve its security in order to avoid such attacks in the future.
Binance Launchpad projects are carefully selected. The successful applicants enjoy the benefits of the Binance accelerator. Among other things, they receive assistance and resources.
Why it is important
- Binance Launchpad provides projects with the resources they need. It gives projects the chance to present their idea in front of 10 million Binance users and potential investors.
- Binance considers several factors when determining which projects deserve to be included in the launchpad, like the relative maturity of the project development and the potential to benefit the growth and development of the wider crypto ecosystem.
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