Tag: bitmex

Are You Looking To Finance That Cryptocurrency Project ? Here Are The Leading IEO Options You Need To Know

IEO is a major means of business finance in the crypto scene. Here is how this works in two of the leading crypto exchange.

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The crypto scene has witnessed a surge in several projects with some merely riding the crypto wave, and others making a real global impact. The most notable projects, for all we know, have come off the Ethereum blockchain due to its versatility, and we can only expect more to unfold in the coming months.

Do you intend funding a crypto project in the remainder of 2020? If yes, you must first know that, at the moment, there are a plethora of projects out there, and it can be overwhelming to just pick one and fork out liquidity. Hence, the need to focus on the legitimate cryptocurrency projects whose uses cases are providing massive global value.

Let’s take a look at the top 2 leading platforms to explore when funding a crypto project. This two are by no means the best, but they are platforms that have continued to generate positive feedback and push the usage of Ethereum and the general adoption of cryptos.

Read Also: The Rise and Rise of DeFi, And All You Need To Know About The 3 Leading Yield Farming Global Platforms

Binance Launchpad

Binance Launchpad is the exclusive sales platform of the Binance Ecosystem where tokens are launched and traded – more like a fundraising event. Binance users on this platform are afforded the opportunity to invest in new and transformative projects using their Binance Coin (BNB).

The idea is to ensure that projects can be continually funded with the liquidity obtained from Binance users, to drive the mainstream adoption of cryptos. Some successful crypto projects on this platform’s launchpad include Band Protocol, Kava, Troy, WazirX and Cartesi.

Why Should You Explore Binance Launchpad?

The Binance launchpad enlists projects and provides in-depth reviews about every single one of them via its research centre. These projects are open to all Binance users and investments can be acquired through a lottery token system.

However, prior to enlisting a project on the Binance Launchpad platform, it is subjected to a rigorous verification process to ascertain its compliance with the established Binance standards.

This platform ensures that the crypto project is:

Made up of a goal-oriented team;

Relatively matured and in the developmental stage;

Ready for large scale operation

Poised for expansion towards a larger crypto ecosystem

Post-verification, the project is then hosted and made available to verified users of the platform. It is good practice to have a thorough read of the report provided on any project before sanctioning any kind of investment. Taking the advice provided by the research centre to heart will help guide your decisions and ensure that your first Binance Launchpad investment is successful.   

Bitmex IEO Launchpad

Bitmex IEO Launchpad is another leading platform to explore when looking at funding a crypto project. Exchanges host crypto projects on their platform to attract massive interest, while also keeping up with the demand of the market – Bitmex is no different.

Let’s examine what “IEO” means for Bitmex Launchpad, and how it makes it the place to go when looking at funding crypto projects.

Recommended: 2020 Has Been The Year of DeFi. Here’s How It Has Given Cryptocurrencies A New Lease of Life

IEO and Bitmex Launchpad

Initial Exchange Offering or IEO for short is a token trade held on crypto exchanges. Depending on how an Initial Exchange Offering is planned, it works seamlessly on several crypto exchanges.

IEO enables the Bitmex Launchpad platform to create a pool where developers trade crypto projects and tokens with investors and enthusiasts. In contrast to ICOs, IEOs have been generating more positive reviews, ad they are a better alternative, hence, the peculiarity of the Bitmex Launchpad platform.

Why Should You Explore Bitmex IEO Launchpad?

Just like with the Binance Launchpad platform, projects are painstakingly reviewed to ascertain their authenticity and reliability based on certain pre-established conditions. Once the project meets the set criteria, the Bitmex IEO Launchpad team will go on to announce token sales and the price per token.

Additionally, IEO platforms are user-friendly and they improve trust levels among crypto projects. IEO tackles the problem of poor returns on investment experienced by ICOs.

You Must Read: As The Crypto Spring Becomes Evident,Here Are The Top 3 DeFi Leaders In H2 2020

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The 3 Trusted Global Cryptocurrency Exchanges For Futures Trading

Futures trading in the cryptocurrency space has expanded in the last 12 months with several platforms now offering this investment window. Here are the leading exchanges making their marks.

Futures trading for Bitcoin, other cryptocurrencies, or financial assets, generally, is a contract to buy or sell a particular financial asset at a fixed price after a period in the future. The goal is to prevent negative changes in the prices of such financial assets in the market.

But as simple as this sounds, knowing the right platform to carry out this kind of trade is essential, mainly because the right platform will help to regulate the contracts that have been made, and help to prevent conflicts from happening in the future.

There are reliable and regulated platforms for futures trading of cryptocurrencies, which should a relief for people who are sceptical about the decentralized and unregulated nature of cryptocurrencies.

Two big regulators overseeing cryptocurrency futures trading in America, and these are Chicago Board Options Exchange, CBOE; and Chicago Mercantile Exchange, CME. However, these two bodies are strictly regulated by American laws and may not directly apply to you.

So, in this article, I will exclude those CBOE and CME and talk about the other three best exchanges that apply more to you irrespective of your current location. The best 3 global exchanges for futures trading include the following:

1. Bitmex Exchange

BitMEX was launched in 2014 and is known for its beautifully designed platform. In addition to being an impressive platform, it also contains many useful tabs. However, it has a difficult user interface in my opinion.

Many cryptocurrency futures are served on the platform. But to start with, Bitcoin Futures are traded in perpetual contracts, which implies that the contracts don’t have an expiry date. Also, the offers have a leverage of about 1:100.

Other crypto future contracts traded on this platform are Cardano (ADA), Bitcoin Cash (BCH), EOS, Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and TRON (TRX).

2. Kraken Exchange

Ethereum, Litecoin, Bitcoin Cash, Ripple, and Bitcoin futures are served on the Kraken exchange. On this platform, futures are incredibly useful with respect to capital and require less money to open positions, unlike spot trading or margin trading which are 1:1 and (3:1 – 5:1) respectively.

Also Read: How Leverage Trading Works When You Use The Binance Cryptocurrency Exchange

In spot or margin trading, you may have to commit between 20-100% of your cryptocurrency, which can make you afraid of a big loss. But this platform offers a leverage of 50:1 and allows you to entrust only 2% of your money to the exchange.

3. Binance Exchange

Binance cryptocurrency exchange announced the official launch of its two platforms for trading cryptocurrency futures that were previously in test mode in September 2019.

Platform A, also called Binance Futures, is already being used by the code owners who have tested and voted for the site as credible and capable, but it’s also available in beta mode for users who have a referral code.

Also Read: Investing in 2020: what you need to know

The platform distributes about 200 codes daily to intending users who participate in Binance social media (Twitter, Weibo, etc) activities or by contacting support.

Platform B is now known as Binance JEX, which will make it possible to do many amazing things in futures trading. For example, it will be possible to transfer funds from the main exchange to Binance JEX.

Other crypto futures that are served on the platform are EOS/USDT and ETH/USDT contracts.

Conclusion

While several platforms are now offering futures trading to their users, these ones above clearly have the integrity and reputation that users around the world can trust.