Platform Boosting New Altcoin Projects Has Delivered Massive 1,154% Returns to Crypto Holders, According to Binance – The Daily Hodl


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).

Source: Binance

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).

Source: Binance

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Featured Image: Shutterstock/REDPIXEL.PL/Thanapipat Kulmuangdoan

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About the Author: Kate