What is Binance Launchpad?

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In the ever-evolving world of cryptocurrency, exciting new projects are constantly emerging. But getting these projects off the ground can be challenging, often requiring significant funding. This is where Binance Launchpad steps in, acting as a springboard for promising blockchain ventures.

Launched in 2018 by Binance, one of the world’s leading cryptocurrency exchanges, Launchpad is a platform designed to help these fledgling projects raise capital. By connecting them with a large and active community of crypto enthusiasts, Launchpad empowers these startups to secure the resources they need to bring their innovative ideas to life.

Imagine something like this, a young company has a brilliant idea for a new cryptocurrency project but it lacks the financial muscle to make it a reality. Binance Launchpad steps in, allowing them to present their vision to a vast audience of potential investors. These investors, in turn, have the chance to support these early-stage projects and potentially reap the rewards if the ventures succeed.

Essentially, Binance Launchpad fosters a symbiotic relationship between innovative blockchain startups and the crypto community. It empowers new projects to take flight while offering investors access to exciting opportunities at the forefront of this dynamic and ever-changing landscape.

Among projects launched on Binance Launchpad, Axie Infinity (AXS) is the champion, reaching a peak return of 1,649 times its original price. Initially offered at $0.10 during the Launchpad sale, it skyrocketed to a high of $164.90 on November 6, 2021. Following closely behind Axie Infinity, Polygon (MATIC) is the second-biggest winner to emerge from Binance Launchpad. Investors who bought MATIC during its launch at $0.00263 could have seen returns of up to 1,110 times their investment! The price reached a peak of $2.92 on December 27, 2021.

Imagine making this kind of return, it’s pretty cool right? Now, let’s dive into the list of Binance Launchpad projects with a 10x or maybe more for the year 2024. 

Top 5 Binance Launchpad Coins Having 10X Potential in 2024

1.) AltLayer ($ALT) 

Imagine a busy road packed with cars (transactions). This is how blockchains often get congested, slowing things down. AltLayer aims to fix this by offering a new system for processing transactions called “rollups.” Think of rollups as dedicated lanes for specific applications, allowing them to avoid the main traffic and complete transactions faster.

Here’s what makes AltLayer unique:

1. More Secure and Efficient Rollups

  • Restaked Rollups: This combines existing rollup technology with a stronger security feature, ensuring the accuracy and reliability of transactions.
  • Decentralized Network: Unlike some systems with central control, AltLayer relies on a network of participants to verify and order transactions, making it more transparent and fair.

2. User-Friendly Development Tools

  • No-code Launchpad: Developers can easily build custom rollups within minutes, without needing to write complex code. This allows them to create rollups that perfectly fit their needs.
  • Temporary Rollups: For situations with sudden bursts of activity, AltLayer offers temporary rollups that can be quickly created and deleted as needed, saving resources and providing flexibility.

3. Token with Various Uses:

  • ALT Token: This token fuels the AltLayer ecosystem and has several functions:
    • Staking: By locking up ALT tokens, users contribute to network security and earn rewards.
    • Voting: Token holders can vote on important decisions about how the system operates and develops.
    • Payments: Fees within the system (like transaction fees) are paid in ALT tokens, incentivizing users to participate.

By offering faster, more secure, and adaptable transactions, AltLayer aims to improve the experience for both developers and users. Additionally, rewarding early supporters with ALT tokens helps build a strong community around the project.

2.) NFPrompt ($NFP)

The rise of AI, particularly ChatGPT in 2023, has sparked awareness of its widespread impact on various aspects of life. Recognizing the need to adapt to this evolving landscape, NFPrompt emerges as a Web3 tool empowering everyday individuals to embrace AI as a creative and financial opportunity.

While many recognize the significance of AI, navigating its potential for monetization can be challenging. NFPrompt bridges this gap by providing convenient tools and a platform for users to transform their creative visions into AI-generated art and monetize these creations through NFTs.

NFPrompt leverages the power of blockchain technology to seamlessly integrate AI art into the contemporary art scene. The platform caters to the shift from traditional craftsmanship to digital and now, AI-powered artistic expression. By leveraging the advantages of Web3, NFPrompt empowers individuals to express their creativity through user-friendly tools, while ensuring verifiable ownership of their creations.

The vision of NFPrompt lies in empowering individuals to unlock their creative potential, incentivize participation through economic rewards, and build an open marketplace for showcasing their artistic endeavors. As a leader in open innovation for NFTs, NFPrompt aims to provide exceptional artists with the necessary tools, interfaces, and discoverability to thrive in the evolving world of AI-powered art.

3.) Manta Network ($MANTA) 

Manta Network aims to be a one-stop shop for building and using powerful blockchain applications, focusing on security and efficiency. Manta Network has successfully raised funds through private and public token sales, demonstrating strong investor interest in their vision for a secure and scalable future of blockchain applications.

Here’s What Manta Network Offers

MANTA Pacific is a platform specifically designed for running smart contracts, the building blocks of decentralized applications (dApps). It provides:

  • Seamless Integration: Developers can easily create dApps using existing tools and languages they’re familiar with.
  • Low Fees: Thanks to its modular design, Manta Pacific keeps transaction costs low.
  • Enhanced Security: ZK technology safeguards user data and transactions.

MANTA Token powers the Manta Network ecosystem and has several uses:

  • Governance: Token holders can vote on important decisions regarding the network’s development.
  • Staking: Users can contribute to network security and earn rewards by locking up their $MANTA tokens.
  • Fees: $MANTA is used to pay for transaction fees within the network.
  • Liquidity and Collateral: The token can be used within various Manta Network services.

Technical Highlights

  • Modular Data Availability: This keeps transaction costs low by efficiently storing data.
  • Permissionless Smart Contracts: Developers can freely build dApps using familiar tools.
  • Universal Circuits: This library of pre-built ZK components simplifies the development of secure and private dApps.
  • zkEVM Proving: This technology ensures the authenticity and confidentiality of transactions.

4.)  World Coin ($WLD)

Worldcoin started with a big idea: what if everyone in the world could receive a new digital token, for free and equally? This simple question led them to a bigger challenge: how can we prove someone is human in the digital world?

Imagine trying to give something digital to every person on Earth, but having no way to tell who is real and who isn’t. Worldcoin set out to solve this problem.

Today, Worldcoin is a team of people working with over 3.7 million individuals around the world. Their goal is even more ambitious now: to create a system where everyone, regardless of where they live or their background, can access the global economy.

Worldcoin aims to achieve this by building the world’s largest network for digital identities and financial services. This network will be open to everyone and will follow established rules and regulations.

In short, Worldcoin aims to make the digital world more inclusive and accessible, giving everyone a chance to participate and benefit

5.) Sleepless AI ($AI)

Meet Sleepless AI, a company aiming to revolutionize gaming by combining cutting-edge AI and blockchain technology. They are creating an entirely new genre: Web3+AI companion games.

Their first two games, HIM and HER, offer a unique experience – an immersive AI companion that interacts with you throughout the day.

Here’s how it works

  • Download the game and meet your virtual boyfriend/girlfriend. You are given a unique, non-tradable token (SBT) representing them.
  • Interact with your companion through a website or app. You can chat, pick their outfits, and even feed them!
  • They become part of your daily life: reminding you of the weather, acting as an alarm clock, and even joining you virtually while you sleep.

$AI Token: The Currency of Sleepless AI

This native token fuels the ecosystem and allows you to:

  • Get discounts on in-game purchases with $AI.
  • Buy in-game items like clothes and upgrades for your companion.
  • Shape the game: $AI holders can vote on decisions like future features and in-game item upgrades.
  • Earn rewards: Stake your $AI to gain income from game transactions and participate in special “PK” events where your companion competes for exclusive rewards.

Sleepless AI has raised significant funding, demonstrating strong investor confidence in its innovative approach to gaming. They are poised to disrupt the industry by offering a unique and engaging experience for players.

Via: 2Usethebitcoin.com

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