According to their latest blog post, the world’s largest crypto exchange Binance’s exclusive token launch platform Launchpad is planning to conduct at least one token launch each month for the whole of 2019, starting with BitTorrent and Fetch.AI.
Launchpad is Binance’s attempt to legitimize the cryptocurrency-based ICO method. Companies that are offering ICOs on Launchpad undergo a selection process to ensure that they are compliant with applicable laws, have a legitimate business plan, and will be beneficial to the cryptocurrency ecosystem.
Binance’s CEO and founder, Changpeng Zhao, was quoted:
“In 2019, Binance Launchpad will help launch projects serving the universal cryptocurrency ecosystem as a whole that benefits people around the world. Bringing on distinguished token sales to the Launchpad platform is part of our continuing efforts to create a more secure and open token launch environment, paving a healthier market in 2019 and beyond.”
This token launch platform will help blockchain projects to gain access to funding and increase their reach in the crypto world. To achieve this, they offer the tokens for a project to more than 10 million users of Binance. On the platform, users will be granted the opportunity to take part in game-changing projects.
Just more than a month ago, Binance was in the news after announcing their project ‘Binance Chain’ which is to be their new Decentralized Exchange.
About The Fetch.AI And BitTorrent Projects:
BitTorrent is a blockchain project closely affiliated with TRON used for peer-to-peer file sharing. The protocol of the BitTorrent project will empower a new generation of content developers with tools that distribute content directly to people online.
Fetch.Ai is an Outlier Ventures project; it is an AI-based blockchain network where economic activities take place autonomously. The project will target the hospitality, energy, supply chain, and transportation sectors.
Link to the original news article can be found here.