Which exchange has the strongest wealth-creating effect of LaunchPad?
LaunchPad has always been a symbol of the wealth effect in the crypto space. Although the crypto market is in a downward trend this year, and many projects have broken out as soon as they were launched, the LaunchPad project listed on many leading exchanges is still performing well.
This article will comprehensively compare the return rate, new speed on the platform, gameplay mode and other dimensions of the LaunchPad projects of major exchanges, and reveal which leading exchanges LaunchPad has the more wealth-creating effect.
1. Project rate of return comparison
According to data from Coingecko and CryptoRank, the LaunchPad projects of leading exchanges have performed well since 2023, with the average highest return rate exceeding 10 times.
Among them, the most outstanding one is Bitget. Its LaunchPad ranks first with an average historical maximum return of 39 times for all projects; Bybit and Binance follow closely, with average historical maximum returns of 32.3 times and 29 times respectively. In terms of the highest rate of return for a single project, Bitgets TYPE, which was launched in July, achieved a maximum increase of 68 times, which is the highest rate of return for the LaunchPad project launched on all exchanges in 2023.
(Performance of LaunchPad Project of Leading Exchanges in 2023)
In addition, the price performance of the platform currency also indirectly determines the profitability of the LaunchPad project. Since LaunchPad participating in major exchanges is required to hold platform currency, if the price of the platform currency fluctuates greatly or even plummets, the revenue from the LaunchPad project will not be able to make up for the loss of the platform currency.
Since the beginning of this year, the overall performance of platform coins has been unsatisfactory. Although the prices of most platform coins have increased from the beginning of the year, they are not as high as Bitcoin’s increase in 2023 (BTC is up 107% from the beginning of the year). Therefore, if calculated based on BTC, the performance of most platform coins fails. Bitget’s BGB is the only platform currency that has increased more than BTC. Its current price has increased by 168% from the beginning of the year, making it one of the best-performing platform coins in 2023.
(Performance of platform currencies of leading exchanges in 2023)
2. Comparison of new project speeds
In addition, the number of new projects launched also reflects the ability of a LaunchPad to create wealth.
Since entering 2023, Bitget has been more active in terms of the number of coins listed. So far, Bitget’s LaunchPad has launched 5 projects. On October 26, Bitget announced that it will launch a new phase of LaunchPad-T 2 T 2, which is a Friend.tech-like project. Binance has launched 3 LaunchPads this year, ranking second.
(Number of projects launched on LaunchPad, the leading exchange in 2023)
In addition to launching more LaunchPad projects, Bitget has also launched a number of popular currencies in the industry (such as BLUR, etc.); in addition, Bitget has also set up a special area for popular narrative currencies, such as AI, MeMe, BRC 20, etc.
3. Comparison of gameplay modes
After years of development, the current gameplay of LaunchPad has been basically fixed-usually holding platform currency to qualify for the lottery, and then redeeming new project tokens after winning the lottery. All major mainstream trading platforms adopt this model, but its appeal to users is decreasing.
Recently, Bitget has adopted a new group-building model in the new LaunchPad, lowering the threshold for participation (a minimum investment of 50 BGB). Judging from the number of participants, less than a week after the project started, more than 4,000 teams have joined the group, with nearly 10,000 participants.
summary
Judging from the above analysis, Binance still has great appeal on LaunchPad and maintains a high rate of new additions and return on investment. Platforms such as Bitget are also catching up, not only with higher return on investment and new speed, but also There are more diverse ways to play.
