Earlier yesterday, on June 10, 2019, Hong Kong-based revolutionary settlement and cryptocurrency network crypto.com announced the listing of four Binance Launchpad coins to its Wallet and Card App. The Binance Launchpad coins that are the new addition on the Crypto.com platform is Harmony’s ONE, Matic Network’s MATIC, Fetch. Al’s FET, and Celer Network’s CELR.
According to Crypto.com, the four Binance Launchpad Coins are the latest entrants of a growing list of 31 virtual currencies and stablecoins on the pioneer settlement and virtual currency network. Some of the digital coins that are hosted on the platform include Bitcoin, ether, TrueUSD, Litecoin, Ripple, PAXOS, and its digital coins, CRO and MCO. Crypto.com is one of the crypto networks that strives to accelerate the global transition to virtual currency.
Through a media publication, Crypto.com stated:
“With CELR, FET, MATCI, and ONE added to the crypto and payment network, Crypto.com Wallet and Card application, users can now purchase these virtual coins at no cost. Credit cards and bank transfers are both accepted. As Crypto.com also provides the MCO Visa Card, the additional utility is availed to the newly listed digital coins as users can now easily convert virtual currencies into fiat currencies and transfer to over 40 million merchants worldwide.”
An Overview of the Newly Listed Tokens
Harmony is said to be an efficient and secure blockchain with significant inventions in peer-to-peer networking and in-state sharding. Harmony’s sharding uses decentralized randomness and secure proof-of-stake, its networking accomplishes optimum cross-shared routing and fast block propagation.
The Celer Platform is an internet-scale, privacy-preserving, and trust free network that allows the users to build and operate extremely scalable dApps quickly. The network is an interconnected system that runs on top of current and future blockchains. The Celer Network offers extraordinary performances and flexibility services through its modernized off-chain scaling techniques and its incentive allied crypto economics.
As for the Matic platform, it provides secure, instant, and user-friendly Ethereum transfers using Plasma side chains and a Proof-of-Stake platform. As for the Matic network, it strives to resolve the issues the blockchain environment faces by building a decentralized network that uses an adapted version of the Plasma framework. The modified version of the Plasma framework ensures faster and low-cost settlements with finality on the main chain.
Fetch.AL is a decentralized virtual representation of the real world where independent software agents accomplish useful economic duties. Data delivery and providing services are some of the tasks the software agents perform and are rewarded with Fetch.Al Token virtual currency for their efforts.
Binance Launchpad 101
The Binance Launchpad is an exclusive virtual currency launch network of Binance that assists life-changing blockchain startups in fundraising money to develop products that strive to push for cryptocurrency adoption.
According to Binance, the Binance Launchpad initiative is a transformative initiative that focuses on providing startups in the blockchain sphere with a conducive environment that ranges from networking to knowledge to raise funds via an ICO.
The Binance Launchpad initiative aims to assist and guide upcoming projects in the crypto market, as most of them are defenseless and in need of resources, advertisement and in some cases a sense of direction. What the Binance Launchpad strives to do is change the perception of financing to be that of a remarkable. Despite its good intention, without proper and quality support to these crypto projects, all the efforts of Binance Launchpad will amount to nothing.
At present, it is visible that the cryptocurrencies that were launched by Binance Launchpad are recording over double-digit percentage returns.
One of the main advantages the Launchpad provides is the exact amount of resources any new project requires. Apart from valuable resources, the Launchpad provides projects with an opportunity to advertise their idea in front of more than 10 million Binance users and potential shareholders. Despite the great offers being offered, Binance ensures that projects hosted by its platform are of high quality and worthwhile.
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