Suggested reading time: 12 minutes

Coinbase’s market capitalization in preparation for its IPO did not exceed $100 billion as we expected, but it did make investors take a formal look at cryptocurrency trading platforms. The best logic to convince investors is the hot trading market. Since February, BNB, the platform token of the Binance exchange, has rocketed from $40 to $550, up to 13 times of profit. The value of BNB as a native token on the Binance exchange platform is immeasurable.

Based on the Google trend, we have listed several exchange tokens, and it is easy to see that the market is correct in judging the value of BNB tokens.

Many projects on the Binance Smart Chain(BSC) have helped this system in a better way. Lauchpad is one of those useful tool.

Based on the new rule implemeted on Binance Launchpad, Investors are required to stake BNB to all upcoming products and receive interestes.

New Launchpad projects are required to use a proportional amount of BNB to participate in the token swap. This makes BNB, the only common currency of the platform, to ‘close’ the entire decentralized ecosystem on Binance smart chain.

BNB dominates the market

We call this way of raising funds through centralized exchanges as IEO, you may have familiared with ICO (the hottest concept in 2017, Initial Token Offering), IUO (Token swap on Uniswap), IDO (DEFI project issuance to raise tokens) and so on, there are various ways to raise funds, and those ways of relying rasing funds compeltely on the market itself are collectively called IXO.

The IXO platform can be broadly divided into a comprehensive decentralized exchange platform or a solution towards IDO. There are currently Pancake, Bakery, DODO, YellowRoad, Kickpad, Bounce, etc. on BSC. The former can provide with a one-stop-shop from token issuance to liquidity pools creation, while the latter can provide diverse token issuance guidelines and requirements to meet project owners’ auction strategies, but cannot provide liquidity pools.

BSC Ecosystem

PancakeSwap

Introduction

PancakeSwap is a decentralized exchange (DEX) using the AMM mechanism running on the BSC. The transaction fee is 0.2%, of which 0.17% is used as liquidity mining bonus and 0.03% as system revenue.

As the largest decentralized exchange on the BSC, it has a total locked-in volume (TVL) of $748.9 million according to the latest data and has always been at the top of the list in terms of the 24-hour trading volume. As a value capture portal, Pancake has developed many interesting ways to play.

TVL in PankeSwap

Syrup Pools (Token Airdrop Pools)

This is similar to Binance’s Launchpool, where users can stake their tokens to get additional tokens for new projects.

For example, users can stake CAKE (Pancakeswap tokens) to receive any of the following tokens, which can support up to 55 tokens.

Lottery

Users can use CAKE to buy lottery tickets and put them into the lottery pool. Each ticket has 4 random numbers, and if two of the numbers match the lottery numbers when the lottery is drawn, you will be rewarded.

IFO (Initial Farm Offering)

IFO is a little different from IDO, users inject liquidity into the BNB/CAKE pair through PancakeSwap to get “receipts” (also known as LP Tokens), these “receipts” will be used to raise new projects. When the IFO ends, the project owner will take the “receipts” and exchange them for BNBs from the BNB/CAKE pool, while the remaining CAKEs will be burned. The advantage of this is that every time a new project raises funds using Pankeswap, CAKE is burned, and passively raising the price of CAKE.

BakerySwap

Introduction

BakerySwap is also one of the first decentralized exchange platforms on the BSC, and like many DEXs, users can provide liquidity to obtain LP “receipts” which can be converted back to the original tokens they provided, and of course, provide liquidity to the pool while also earning transaction fees. Currently, 454 trading pairs have been injected with liquidity.

As one of the first four projects to be funded by the Binance, BakerySwap has not only contains the basic swap function but also NFT+ DEFI, gamification, project launchpad, and more.

NFT + DEFI

Now, BakerySwap can stake BAKE tokens to get a project exclusive NFT, and vice versa. For example, you can stake BAKE to get the exclusive NFT of TKO, and the generated NFT can also be staked to get TKO tokens back.

NFT market

The “mined” NFT is not meaningless, BakerySwap provides a marketplace for trading NFT, all “mined” NFT artwork can be traded freely. For example, BAKE tokens can be randomly formed into COMBO packages, and BAKE can be used with any “farming tool” to turn it into a new dish, staking these dishes to get BAKE tokens. If you are interested, please check it out.

NFT marketplace

LaunchPad

Most of the new projects on Bakery are based around entertainment projects, such as Battle pets, Spartan, GamyFI, and so on. The Bakery’s mission is to become the largest one-stop DEFI + NFT service platform on BSC.

Bakery has completed several IDO projects, the most recent IDO was completed in 12 seconds, raising $800,000 with 500+ addresses participating. Currently, 30+ projects are applying to be Bakeyswap’s IDO projects. We also have reason to believe that Bakery’s Launchpad will have more chances.

BakerySwap Launchpad

DODO

Introduction

DODO was founded in August 2020, and is also a DEX product. It uses the PMM non-price curve model to replace the original AMM automatic market algorithm(AMM) and proposes a self-service model for crowdfunding pools, one-click coin issuance, and one-click pool creation. Of course, transaction mining is also used to incentivize more token exchanges.

Crowdpooling

Crowdpooling is a process in which the project provides a certain amount of tokens and specifies the token price and the amount of tokens to be issued. Anyone can top up the token within a specified period of time, and if the subscription exceeds the token issuance amount, the token amount will be allocated according to the amount of funds topped up by the user. After the crowdsale period ends, the public pool is automatically created and the crowdsale price is used as the opening price to open the spot market immediately.

DODO has set up a “liquidity protection” mechanism, when the new project tokens are exchanged, in order to protect the general investors and prevent a quick arbitrage, the system will put a lock on it, during this liquidity protection period, the project provider can not withdraw from the liquidity pool.

Bounce

Introduction

Bounce is a decentralized auction marketplace where anyone or any project can create their own auction criteria and auction requirements. Bounce is compatible with two models, a decentralized auction model and an official certified auction model.

Bounce Decentralized

This is an auction protocol for decentralized token swaps, initial token issuance (through sealed bids or Dutch auction-style), and NFT auctions. Note that ERC20 tokens can be created by anyone, so it is best to check the contract address provided by the project before swaping.

Bounce Certified

In its ertified auction module, the Bounce platform token BOT is the key to start the project application, where you need to spend a certain amount of BOT to start the project application, and the community members holding BOT can vote and decide, if the project is approved by the community, the auction process can be customized according to the project owner’s requirements, such as KYC certification and whitelist, etc. These customized auction conditions can weed out some bots and maximize fairness for every user to participate in the auction.

YellowRoad

Introduction

YellowRoad is a new IDO platform on BSC that provides a range of funding solutions for new projects, from smart auctions to community building and engagement programs. It has announced the closing of a $500,000 private placement. Participating investors include Genesis Block, AU21, Momentum 6, Phoenix VC, Hybrid Ventures, Titans Ventures, Blocksync Ventures, SMO Capital.

IDO

Token HoldersThe top 150 addresses with the most Tokens, ROAD, will be eligible for purchase without a lottery, A minimum of 50 ROADs can participate in the lottery

Liquidity ProviderMinimum 5 BNB to provide liquidity, can get double ROAD calculation, e.g. 5 BNB + 200 ROADs will make 400 ROADs.

Yellow Force TeamMedium has a link to the Yellow Force team application, which means you can show what you can do for the team. If the review is approved, you can directly get the purchase qualification (for lifetime)

Recently, there is another interesting NFT project is about to launch, you can check it out.

Kickpad

Introduction

Kickpad is a decentralized pre-sale and IDO platform on BSC, and a member of the Kick ecosystem, which was created to make it easier for promising projects to launch on BSC.

IDO

Kickpad gives a different answer to the IDO distribution model, placing 70% of the shares in the private round and 30% in the public round. If the tokens in the private round are not sold out, they will be transferred to the public round to continue selling.

One thing to note here is that participants in the public round or the private round will lock in their tokens KAPD and receive a “pool weighting score” based on their staked KAPD tokens, the higher the score, the higher the amount of investment they can put on to this project. This is also a way of empowering the platform tokens.

BSCpad

Introduction

BSCpad, IDO platform on BSC, is also proposing to find a solution to incentivize and reward all token holders with a low threshold. Their logic is simple, because many IDO platforms require platform tokens to be held, but fundamentally do not solve the problem that every user can get an equal share, bots can fill dozens of whitelists in a few seconds. BSCpad is propsoing to improve that point.

IDO

All participants are required to hold platform tokens for at least 7 days, while we follow it by Bronze (at least 1000 tokens) Silver (2500 tokens) Gold (5000 tokens) Platinum (10000 tokens) Diamond (TBA) Community Contribution (TBA), for the Bronze and Silver stages, whitelisting and tweeting are required, but there is no such requirement for higher levels.

For new projects launch, the platform will arrange two rounds, the first round according to the levels, the higher the levels, the more invstments you can put on. if there is still remaining shares, it will be left for the second round. The more tokens you hold, the more shares you can get, and these shares are guaranteed.

Token distribution form

Conclusion

Gas fee is really expensive on Ethereum netowrk. The problem of scalability issues are what led BSC exceed Etherum in the first quarter of this year, beating the Ethereum ecosystem perfectly in any metric.

Moreover, we are concering Ethereum ecosystem may lose its dominant position. Not to mention, some very good DEFI projects are expanding to other blockchain platforms, and DApps in the BSC ecosystem will continue to grow in near future.

Although, It is fascinating to see some new projects launched on BSC, However, when participating in an IDO project. It is best to know the information behind the project. DYOR and don’t FOMO.