It is not long time since Binance has started launching new projects through its launchpad Binance Launchpad. Below is the list of all the projects launched so far:
- Gifto
- Bread
- BitTorrent
- Fetch.AI
- Celer
- Matic
- Harmony
- Wink
- Perlin -Ongoing
Now lets us see how their price has performed since launch
GIFTO
This IEO was completed on 21-Dec-2017. Below is its price performance since IEO was completed:
Bread
This IEO was completed on 26-Dec-2017. Below is its price performance since IEO was completed:
BitTorrent
This IEO was completed on 3-Feb-2019. Below is its price performance since IEO was completed:
Fetch.AI
This IEO was completed on 2-Mar-2019. Below is its price performance since IEO was completed:
Celer
This IEO was completed on 24-Mar-2019. Below is its price performance since IEO was completed:
Matic
This IEO was completed on 25-Apr-2019. Below is its price performance since IEO was completed:
Harmony
This IEO was completed on 28-May-2019. Below is its price performance since IEO was completed:
Wink
This IEO was completed on 31-Jul-2019. Below is its price performance since IEO was completed:
My Take and Suggestion
Any fair minded person can easily detect the scam play here. Following script is being used to scam the people
- IEO's are launched at one month interval
- This allows the binance and project owners to beat the drum sufficiently to attract common investors
- Then during the early phase of listing the token prices are artificially pumped so that gullible crowd falls for FOMO and buys
- When promoters have encashed enough by fooling the innocent crowd then they disappear and let the prices collapse
- Now this machinery takes up new project to rinse and repeat from step 1- 4
My recommendation to those who even think that these projects are worth from innovation perspectives also is as below:
" These projects will take time to develop, have enough users, and generate profits - so don't fall for FOMO. Let the prices be collapsed 10 times from recent ATH and then buy. You will never regret"