Crypto Yoda@yodacrypto P.1256

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Crypto Yoda@yodacrypto P.1256

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➡️Token Launchpads Are the New Stablecoins

A few months ago, everyone was launching their own stablecoin. Now it’s exchange-integrated ICO launchpads. Following on from the success of Binance Launchpad, whose featured token sales have been significantly oversubscribed, a handful of other exchanges have followed suit. Bittrex IEO launches on March 15, Bitmax Launchpad is already operational and Huobi Prime, Kucoin Spotlight and Okex IEO are all on their way.

Exchanges seem to have spotted a new revenue stream that’s popular with traders, who in turn relish the ease of participation and the potential for a quick flip, given that new tokens are guaranteed to be exchange listed. It remains to be seen whether there is sufficient demand to sustain six exchange-integrated token launchpads, with Crypto Narnia best capturing the sense that some of these new platforms may be little more than a poor man’s Binance.

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5.1K viewsMar 14, 2019 at 15:00

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Create: 2019-03-14
Last Update: 2024-11-17 20:02:23

➡️Token Launchpads Are the New Stablecoins

A few months ago, everyone was launching their own stablecoin. Now it’s exchange-integrated ICO launchpads. Following on from the success of Binance Launchpad, whose featured token sales have been significantly oversubscribed, a handful of other exchanges have followed suit. Bittrex IEO launches on March 15, Bitmax Launchpad is already operational and Huobi Prime, Kucoin Spotlight and Okex IEO are all on their way.

Exchanges seem to have spotted a new revenue stream that’s popular with traders, who in turn relish the ease of participation and the potential for a quick flip, given that new tokens are guaranteed to be exchange listed. It remains to be seen whether there is sufficient demand to sustain six exchange-integrated token launchpads, with Crypto Narnia best capturing the sense that some of these new platforms may be little more than a poor man’s Binance.

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Date: 2024-11-17|

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