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An Overview of 4 Binance IEOs that Made Headlines in 2019

To kick-off the 2020 IEO season, Binance has announced the WazirX (WRX) token sale that will take place on the 3rd of February. This event is exactly one year after the first token sale of 2019 on the Launchpad: BitTorrent (BTT). This first project of 2019 was soon followed by a list of popular projects such as Fetch (FET), Celer (CLR) and Matic Network (MATIC). However, other crypto exchanges caught onto the excitement generated by IEOs and the competition to attract investors had begun. This saw Binance launch seven other projects in 2019. They include Harmony, Elrond, WINk, Perlin, Band, KAVA and TROY.

For this discussion, we are going to analyze the first few projects of the Launchpad that made headlines. The selected IEOs spearheaded a renewed interest in crowdfunding crypto projects through crypto exchanges. The IEOs also demonstrated impressive returns once they were listed and especially at their all-time-high (ATH) values.

BitTorrent (BTT)

BitTorrent is probably the most recognisable of the bunch due to its previously established brand awareness before blockchain integration and the simple fact that BitTorrent’s new CEO, Justin Sun, is also the founder of Tron (TRX). Justin has continually communicated regarding BitTorrent project developments and partnerships with companies such as Samsung.

Other noteworthy achievements include the launching of BitTorrent Speed and BTT being listed on multiple major exchanges. BitTorrent Speed has since gathered 360,000 monthly active users with 90,000 daily individual users.

DLive has also joined the BitTorrent ecosystem in a bid to decentralize content creation and sharing. The development team has also continually upgraded the BTFS file system that powers the BitTorrent platform. 2020 is also expected to be a year of project developments for BitTorrent.

With regards to the value of the token, BTT investors who have held onto their investment since the IEO enjoy an ROI of 188% compared to 1,442% at the token’s ATH value. BTT is valued at $0.000346 at the time of writing.

Matic Network (MATIC)

Even before their IEO, the team at Matic was on a mission to create a layer 2 scaling solution to provide all manner of DApps with the high throughput and performance necessary to achieve mainstream adoption. By using an adapted version of Plasma, Matic Network has become the go-to scaling solution for many DApp projects in the Ethereum ecosystem such as Decentraland, Incento, BetProtocol, Koinfox, Biconomy, Zawadi and ZygotERP. Matic also partnered with Harmony mid last year to explore high throughput blockchain solutions.

The team has since launched a Beta version of the Mainnet with the full Mainnet scheduled for launch during the first quarter of this year. This final version of the mainnet will essentially signal the implementation of the final broad version of our infrastructure, with all capabilities enabled. By that point, Matic Network will be equipped to offer full functionality to the Dapps on our network with a full range of features.

Holders of the token also have something to look forward to through Matic’s collaboration with WhiteBIT: a professional digital asset trading platform. The collaboration will provide MATIC holders with favourable trading incentives such as bonuses and the lowest trading fees.

At the moment of writing this, MATIC is valued at $0.016. Investors who have held since the IEO own a token that is 6 times its initial value: a profit of 500%. Matic’s ROI at its ATH value last May stood at an impressive 1618%.

Fetch (FET)

Version 1 of the FET mainnet was launched in mid-December last year. Code-named Auriga 1, the network had been in development for 2 years. Its main goal is to deliver a platform for the building and deployment of AI-powered smart contracts as well as autonomous economic agents.

2020 is, therefore, a year geared towards refining the Fetch mainnet; integrating new innovations, encouraging holders to stake their FET and more. The new network will be the home of the FET token. Holders of the ERC20 version should expect a migration plan this year.

On examination of FET’s token performance, the token has a value of $0.0376 at the moment of writing this. This is an ROI of -56.6% since the IEO. However, the ROI at its ATH value stands at 450%.

Celer (CLR)

The team at Celer have also held their own with multiple developments over the last few months. Notably, they launched CelerX, which is the world’s first eSports mobile application. 2019 also saw the team launch the network’s alpha mainnet, Cygnus.

Celer also secured several partnerships with major blockchain projects such as NEO, Confux, GXChain, Cocos-BCX and BYTOM. Other notable partnerships were with ChainLink, Matic, Trust Wallet, Wyre, MakerDAO, MixMarvel and TROY.

Based on the current value of $0.00317, the ROI since the IEO stands at -52.6%. However, if you sold at its ATH, your ROI would have been 444.6%.

In Summary

The IEO season of 2020 is about to kick off on Binance Launchpad with WRX. As we welcome another year of crowdfunded projects, we have briefly explored the 2019 Binance IEO season which introduced us to 11 projects. We highlighted 4 of these projects and saw that their respective teams are still building as well as updating the crypto community on their progress. With respect to value, only BTT and MATIC tokens have held their value above IEO valuation. 

Image by mohamed Hassan from Pixabay

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