The innovation of Binance Launchpad.

[Wenbing]

There is something that fascinated me about Binance exchange platform. It's how innovative their services and products are.
One of the products is the Initial Exchange Offering, which they called Binance Launchpad.
This kind of product will do the following to the Crypto and Blockchain industry.
1. Rapid development of the industry as entrepreneurs are encouraged to launch their products.
2. Investors will be attracted.
This has become important as bitcoin and other crypto assets have proven profitable in recent times.

What other products do you like in Binance or other exchange and how does it work?

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[rat03gopoh]

1. This is what happened recently, many industries that were motivated to conduct IEO on the market which actually only followed the trend, not to solve a problem or have innovation. After the IEO trend passed, new problems arose because many industries were underdeveloped and were seen as fraud.
Btw, I don't think all the founders in the crypto industry have an entrepreneurial background.

2. Investors should be aware that Binance isn't a representative of the investigations and fully determine their decision whether they should invest in industry X.

[JeffBrad12]

IEO creates so many new speculators especially people that only aim to flip their money through the new project and then they will be moving to the new project.
I think that you should take a look at IDO but the only thing make it different is the method to raise the funds because IDO has used various mechanism started from auction, LBP and many more.
I like binance launch pool and that gives people the chance to get a new token from using BNB to participate in the mining pool.

[Wenbing]

1. This is what happened recently, many industries that were motivated to conduct IEO on the market which actually only followed the trend, not to solve a problem or have innovation. After the IEO trend passed, new problems arose because many industries were underdeveloped and were seen as fraud.
Btw, I don't think all the founders in the crypto industry have an entrepreneurial background.

2. Investors should be aware that Binance isn't a representative of the investigations and fully determine their decision whether they should invest in industry X.

I have come to believe that entrepreneurship is far different from being an engineer. It is a field that requires diverse strategic skills to succeed. This is why we have people that dont know technology but end up building tech start-ups. While an entrepreneur need to know his sector but that is just a necessary condition, and it is not sufficient to build a business without the right business skills.