Binance crypto trading company has announced the rebirth of its crowdfunding project known as Binance Launchpad.
"The Binance Launchpad token launch platform helps blockchain projects raise funds and increase their reach across the crypto ecosystem. We do this by offering a project’s tokens to up to more than 10 million Binance users*. With this platform, we grant our users the chance to be part of potentially game-changing projects," stated Binance in its press release.
With this service investors will be able to participate in the selected projects. At the same time, they will have to pass verification and other checking procedures required by the platform.
According to the released information, the first two projects at the platform will be BitTorrent and Fetch.AI. Still, the company representatives stated that more details would be unveiled in the near term.
Notably, the new service will not available to some countries, including China and the USA. Binance expressed intentions to provide the users with sole access to one of the tokens per month within the whole of 2019.
The company noted that the market is full of new blockchain projects and concepts that show great potential and are looking for support. Binance is monitoring such startups via its related divisions – Binance Labs and upcoming Launchpad. For now, it provides support to 21 projects.