How to buy IPO on Binance

The initial launch of the Binance exchange was created to prevent sending digital currencies to other personal wallets. You may have entered the wrong destination information during the transfer and your assets were sent to someone else’s wallet. IPOs also help investors multiply their holdings. but how? People are rewarded by participating in the mining of another digital currency from the exchange. Of course, it is interesting to know that the exchange does not pay you anything and pays people’s wages from the fees of other users.  In this article, we are going to introduce you to the IPO and also  how to buy the IPO in Binance .

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What is the Binance exchange?

This exchange was first launched in 2017 by a person named Chang Peng Zhao in Tokyo, the capital of Japan. It is possible to buy and sell more than 150 different digital currencies on the Binance exchange, the most important of which are Litecoin, Bitcoin, Ethereum and Binance Coin. Binance claims to have high standards of security, safety and multi-layered and multi-cluster architecture that can process 1.4 million orders per second. Binance exchange has attracted many fans in terms of transactions between cryptocurrencies, low transaction fees, high liquidity, and additional discounts in case of payment of fees through Binance Coin. Learn more about this exchange and its different parts by reading the Binance exchange training article.

Initial launch concept

First, before  you get to know how to buy IPO in Binance,  you should know the general concept of IPO. The first term that newbies in the stock market should be familiar with is the concept and meaning of initial offering. In fact, IPO increases the desire and interest of people to invest in the digital currency market and also has a very good profit for shareholders, which increases the desire and desire of people to invest in this market. Due to the very low risk and the popularity of the initial supply, most buyers have a short-term or long-term view to maintain it.

The abbreviation of IPO, Initial public offering means that a company enters a percentage of its shares for trading and for the first time in the stock market.  In the rest of the article, we are going to introduce you to  how to buy the initial offering in Binance so that you can easily get a lot of profit from this new feature of Binance.

Read more: exchange training

How to buy IPO on Binance

Binance exchange invented a method that was very popular after the scams that happened in the initial release of new coins. In this exchange, in order for investors and traders to avoid existing risks and be able to operate easily, they can use the feature of initial supply. The entire initial offering is done on the Launch pad platform, which is called IEO. The new digital currency is fully checked by the exchange and after being approved, the desired token is placed in the exchange.

After a short period of time, that currency will be listed on the exchange and its owners will be able to sell the coins with a guaranteed profit. This method was first implemented in the Binance exchange, but it didn’t take long for other exchanges to add this feature to their exchanges. The two values ​​that are displayed in the comparison chart between the initial supply of different coins are as follows.

1. Initial ROI or the price of the coin during the initial release
2. Current ROI value or coin price at the time of making the chart

Read more: Digital Currency Volatility Training

Important tips on how to buy IPO on Binance exchange

• To participate in IEO, only Binance currency (BNB) can be used.
• In order to balance purchases by enthusiasts during the initial release traffic, each user can purchase according to the amount of tickets received from Binance.
• Those who want to participate in buying the initial supply in the Binance exchange must have a verified user account.
• Those who do not have a verified user account can generate income from the yield farming method.
• To reduce the risk of buyers, the new coin will be included in the list of exchange currencies in a very short time. In the following, we are going to discuss how to buy the initial supply from the Binance exchange, which you will see in the next steps.

Read more: bitsgap training

first stage

The way to buy the initial supply in the Binance exchange  is that in the first step, the user must register in the exchange. Then he enters the user account and clicks on the Launchpad option so that if there is an initial release, it will be displayed for him. If an IEO has been held, you can click on it and buy the amount you want using the currencies you have in your account. The currency you just bought will be added to your wallet after a certain period of time and you can sell it or keep it. To buy the initial offering, you must have digital currency in the Binance exchange.

It is not possible to buy digital currency in this exchange through Rials or dollars for Iranian users, so we need to get digital currency through an Iranian exchange and transfer it to this exchange. The article on how to transfer currency from Nobitex to Binance will help you to easily transfer your assets to this exchange and trade through them.

second stage

In order to   learn how to buy an IPO on Binance , you need to understand the key concept of yield farming. The concept of yield farming is that exchange subscribers will be able to participate in the farming process of other currencies with any currency they have and become the owner of a part of the desired currency. For example, if we have 100 units of BNB for investment, we will not be able to receive profit until the price of BNB rises. But we can involve the digital currency BNB or any other digital currency we have in the process of farming another digital currency and then get some of that cryptocurrency for a while. Be careful that the more we put in the farming process, the more our output and profit will be.

But the remarkable thing about Yield Farming is that not all digital currencies can be obtained through mining. Using Mohammad Famurian’s free digital currency training course, you will get to know the different parts of the digital currency market. Therefore, with more complete information and knowledge, you can trade and earn more profit in different exchanges.

The benefits of the initial offering of the exchange

Startup projects that do not have the necessary capital to create the project can solve this problem through the initial offering of the exchange. As you can see, exchanges provide a platform to sell the digital currency or token of its creator. In exchange for selling, the exchange takes some of it as a wage. This model of revenue generation has advantages for digital currency development teams, which we will discuss further.

Disadvantages of the initial offering of the exchange

Just as there are many advantages to going public, there are also disadvantages that you should be aware of. The disadvantages of the initial release of the Binance exchange are:

What is the difference between IEO and ICO?

IEO stands for Initial Exchange Offering and ICO stands for Initial Coin Offering. These two have many differences with each other; The problems that existed in ICO led to the creation of IEO. An ICO or initial coin offering means that the project is sold before launch to raise funds for the development team. This mode is suitable for teams and projects that intend to make quick profits and obtain the necessary capital to complete the project. Usually, the cost will be deposited into people’s accounts after the company or exchange has access to their desired profit and capital. The IEO method was invented because of the scams that were taking place on ICO projects. This model is safer and more reliable for obtaining the necessary capital for startup projects; Because it is done in reliable exchanges such as Binance. In this case, before accepting the project, the necessary checks are done on the project to make sure it is successful.

The project development team is responsible for the token sale in the initial coin offering; But the exchange is responsible for the sale of the token in the initial offering of the exchange. The marketing and sales promotion budget is the responsibility of the project development team in the initial coin offering; But in the initial supply of the exchange, it is the responsibility of the exchange itself. In ICO projects, it is usually not necessary to provide identification documents; But this method cannot be used in exchanges without authentication.

Conclusion

In this article, we talked about the Binance exchange and explained  how to buy the initial offering in  Binance  , and we also got acquainted with the general concept of the initial offering. Initial public offering means that various companies enter part of their shares for trading in the stock market for the first time. The way to buy it is that you must first register in the Binance exchange and log in to your account. Then click on the Launchpad option to see the available launches. If the IEO has been held, it can make purchases through its digital currencies. Another concept we mentioned was yield farming, which you can earn from this feature without trading digital currency. Yield farming means that people can participate in the mining process of another digital currency by using another cryptocurrency and get a part of it.