The crowfunding initiative undertaken by Binance has recorded double profits for crypto holders from the very beginning.
Through Binance Launchpad and Binance Launchpool, a total of $ 143 million worth of tokens were distributed to cryptocurrency holders.
With a jump of 553%, the cumulative amount of all those assets now stands at $ 934 million.
For the record, Binance Launchpad launched in 2019 has distributed several crypto assets worth $ 57.80 million from 23 different projects, posting a profit of 1,154% with a current value of $ 725.20 million.
Meanwhile, for Binance Launchpool which launched in 2020, a total of crypto assets from 17 different projects worth $ 85.30 million were distributed. Recorded profit recorded an increase of 145% in less than a year with a total value of $ 209.80 million.
Based on the Binance report on June 25, among the tokens that showed positive performance on Launchpad involved: Polygon (MATIC) +46120%, Elrond (EGLD) +10361%, WazirX (WRX) +6065%, Axie Infinity (AXS) +3710% and Injective (INJ) +3353%.
Launchpool also saw My Neighbor Alice (ALICE) +4380%, Alpha Finance (ALPHA) +1906%, Reef Finance (REEF) +1113%, Litentry (LIT) +920%and Unifi Protocol DAO (UNFI) +412%as coins which recorded the highest performance.
