Platform Boosting New Altcoin Projects Has Delivered Massive 1,154% Returns to Crypto Holders, According to Binance
Binance says its crypto crowdfunding platforms have earned crypto holders significant gains since their inception.
The exchange says Binance Launchpad and Binance Launchpool initially distributed a total of $143 million worth of tokens to crypto holders.
All told, those crypto assets are now worth a total of $934 million, marking 553% worth of gains.
Since 2019, Binance Launchpad, the crypto exchange’s token launch platform, distributed $57.80 million worth of crypto assets from 23 projects, which are now worth $725.20 million, representing 1,154% returns.
Looking at Binance Launchpool, the crypto exchange’s staking protocol which was introduced in September 2020, the platform distributed $85.30 million worth of crypto assets across 17 projects.
According to Binance, those tokens now have a collective valuation of $209.80 million, marking an increase of 145% in less than a year.
Binance also reports that as of June 25th, the best performing Launchpad tokens have been layer 2 scaling solution Polygon (MATIC), scalable blockchain Elrond (EGLD), crypto exchange WazirX (WRX), Axie Infinity game token AXS and decentralized derivatives protocol Injective (INJ).
As for Launchpool tokens, the highest performing coins as of June 25th are virtual reality game My Neighbor Alice (ALICE), cross-chain decentralized finance (DeFi) platform Alpha Finance (ALPHA), cross-chain liquidity protocol Reef Finance (REEF), decentralized verification protocol Litentry (LIT) and DeFi tool suite Unifi Protocol DAO (UNFI).