Let's review Binance LaunchPad Token's Performance Since Launch

in actnearn •  3 months ago 

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:

  1. Gifto
  2. Bread
  3. BitTorrent
  4. Fetch.AI
  5. Celer
  6. Matic
  7. Harmony
  8. Wink
  9. 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:
chart.png

Bread

This IEO was completed on 26-Dec-2017. Below is its price performance since IEO was completed:
chart (1).png

BitTorrent

This IEO was completed on 3-Feb-2019. Below is its price performance since IEO was completed:
chart (2).png

Fetch.AI

This IEO was completed on 2-Mar-2019. Below is its price performance since IEO was completed:
chart (3).png

Celer

This IEO was completed on 24-Mar-2019. Below is its price performance since IEO was completed:
chart (4).png

Matic

This IEO was completed on 25-Apr-2019. Below is its price performance since IEO was completed:
chart (5).png

Harmony

This IEO was completed on 28-May-2019. Below is its price performance since IEO was completed:
chart (6).png

Wink

This IEO was completed on 31-Jul-2019. Below is its price performance since IEO was completed:
chart (7).png

My Take and Suggestion

Any fair minded person can easily detect the scam play here. Following script is being used to scam the people

  1. IEO's are launched at one month interval
  2. This allows the binance and project owners to beat the drum sufficiently to attract common investors
  3. Then during the early phase of listing the token prices are artificially pumped so that gullible crowd falls for FOMO and buys
  4. When promoters have encashed enough by fooling the innocent crowd then they disappear and let the prices collapse
  5. 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"

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I like it. Beautyfull sir

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Thanks @prameshtyagi

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