Binance launches its own ICO platform in direct competition to Ethereum (ETH)

In a short time, ICOs are part of a new way of raising capital to collect large amounts of money. With Launchpad, Binance is launching its own platform for future Initial Coin Offerings.

Binance intends to carry out ICOs on the Launchpad token sales platform almost every month in 2019. TRON's BitTorrent and Fetch.ai are two of the first token sales that will be launched on the new platform. ICO's since they have been put in a bad light by a lot of scams.

According to the company, all projects will be subject to launch. Furthermore, this method will comply with the applicable laws and regulations. The CEO and founder of Binance wants to contribute to the further development and adaptation of the ecosystem with Launchpad.

"The Binance Launchpad token launch platform helps blockchain projects raise funds and increase their reach across the crypto ecosystem. More than 10 million Binance users *. With this platform, we grant our users the chance to be part of potentially game-changing projects. "

Country Restrictions

Launchpad will only be available in a few selected countries. In the USA, China, South Korea, and in some other countries, the legal framework still has to be adapted.

TRON's BitTorrent token will be launched on the Launchpad platform. BTT is one of the first tokens sold on the platform and will be deployed on BitTorrent to enable users to pay for larger bandwidths and consequently faster downloads.

However, the ICO still has no defined launch date yet. In any case, Binance's Launchpad could change the entire ICO Landscape and give it to more professional image.