Initial Exchange Offerings (IEOs) are becoming increasingly prevalent in cryptocurrencies. These IEOs allow new and innovative projects to raise capital from investors by selling their tokens on a cryptocurrency exchange. Binance Launchpad is one such platform that hosts IEOs for some of the most promising blockchain projects.
The Satoshi Club Twitter handle recently posted a list of the top 10 IEOs on Binance Launchpad by current ROI. This list is quite impressive, with some of the projects generating returns of over 1,000%.
This article examines these initiatives in further detail, dissecting their results to see what contributed to their success.
AXS – ROI: x1645
Axie Infinity (AXS) is a blockchain-based gaming platform that allows users to play games, breed, raise and trade virtual creatures called Axies. AXS has been the most successful IEO on Binance Launchpad to date, with an ROI of x1645.
MATIC – ROI: x1104
Polygon (MATIC), formerly known as Matic Network, is a Layer 2 scaling solution for Ethereum. It provides faster and less expensive transactions, rendering it an appealing option for developers wishing to create decentralized apps (dApps) on Ethereum. MATIC has an ROI of x1104.
SAND – ROI: x1003
The Sandbox (SAND) is an open-source system for creating, playing and making money from video games. SAND has an ROI of x1003, making it the third most successful IEO on Binance Launchpad.
EGLD – ROI: x833
Elrond (EGLD) is a blockchain platform that offers fast and secure transactions. It uses a unique consensus mechanism called Adaptive State Sharding that allows for high throughput and low latency. EGLD has an ROI of x833.
WRX – ROI: x315
WazirX (WRX) is a cryptocurrency exchange that trades multiple digital assets. WRX has an ROI of x315, making it the fifth most successful IEO on Binance Launchpad.
GMT – ROI: x219
The Graph (GMT) is a decentralized indexing and querying protocol for blockchain data. It facilitates the development of decentralized apps (dApps) by giving programmers simple access to blockchain data. GMT has an ROI of x219.
ONE – ROI: x118
Harmony (ONE) is a fast and secure blockchain platform that allows developers to build scalable applications. It uses sharding to increase network capacity and reduce latency. ONE has an ROI of x118.
CTSI – ROI: x115
Cartesi (CTSI) is a Layer 2 infrastructure for dApps that allows developers to build and run complex applications off-chain. It uses a unique Optimistic Rollups technology for fast and cheap transactions. CTSI has an ROI of x115.
C98 – ROI: x84
Coin98 (C98) is a multi-chain wallet that facilitates storing, managing, and exchanging various cryptocurrencies. It also offers access to decentralized finance (DeFi) applications. C98 has an ROI of x84.
LOKA – ROI: x32
Loka (LOKA) is a decentralized ecosystem for creating and upholding NFTs. It enables users to produce distinctive digital assets that may be used for many projects, including artwork and games. LOKA has an ROI of x32, making it the tenth most successful IEO on Binance Launchpad.
Binance Launchpad has been instrumental in providing early access to some of the most promising blockchain projects. The top 10 Binance Launchpad IEOs with the highest ROI have delivered exceptional returns to investors who participated in them. These projects are state-of-the-art and might completely alter the blockchain industry. However, investors should always thoroughly investigate a venture before committing capital.