Being the largest crypto exchange firm, Binance is quite used to with the scenario of constantly creating the news ripples. The exchange is witnessing the roller coaster ride kind of journey since the starting of this year.
The most recent shocking news in the crypto space so far was the hacking incident that happened with Binance. Being the largest and most trusted digital currency exchange, it was least expected to get hacked. However, the exchange has come out of the negative impacts of the hack quite soon. And now, Binance is ready with some relieving, rather, an impressive update regarding its launchpad. Those coins which were launched through Binance launchpad have shown tremendous progress. The Binance CEO, Changpeng Zhao shared this via a tweet.
— CZ Binance (@cz_binance) May 19, 2019
Binance launchpad and its performance:
Binance launchpad has played a prominent part in order to increase more and more crypto adoption around the globe, as the platform has been offering hand-picked and cultivated new cryptos to the enthusiasts. It is noticeable that the cryptos launched by Binance launchpad are surfing over triple-digit percentage returns.
Binance launchpad conducted the launch for two simultaneous token-sale sessions for BitTorrent (BTT): for purchases in BNB coin and for purchases in TRON (TRX). Notably, the token sale was over in 15 minutes only. BTT, Since its token sale, has made whopping returns of 787%. Also, in April, One more token from the Binance launchpad, Matic (MATIC) also came up with 620% gains since its launch.
As we saw above, Binance faced a disturbing hack. Despite that, Binance coin (BNB) showed 40% of increase in its price after the hack. Due to the hack, the exchange has lost 7,000 Bitcoins from its BTC hot wallet. Binance’s recovery after the massive hack shows investors’ trust over the exchange along with Binance’s efforts to come out of the post-hack-effects.