- Many projects on the Binance Launchpad have recorded significant profits.
- These projects benefited from the Binance-owned crowdfunding platform.
- The Binance Launchpad is the leading crypto exchange’s IEO mechanism.
StepN, the blockchain project that allows users to earn money by engaging in physical exercise, is the most profitable crypto project on the Binance Launchpad since 2022. Data from CoinGecko, a leading crypto aggregation platform, shows that StepN’s native token, GMT, earned a 411X profit at its peak from the initial price.
CoinGecko’s data showed that StepN performed over ten times better than the other tokens launched on the same platform since 2022. Space ID and Hooked protocol were the closest to StepN in performance, both returning 41X in profits over the same period. These projects capitalized on the crowdfunding mechanism provided by the Binance crypto exchange in the form of IEOs.
Although StepN tops the chart among projects launched on the platform since 2022, Axie Infinity remains the leader in the overall category of all projects released on the Binance Launchpad from inception. CoinGecko’s data shows that Axie Infinity’s native token AXS returned 1,649X in profit from its launch price. During its IEO, AXS tokens sold for $0.10 and surged to a peak price of $164.90 in November 2021.
The second most profitable project on the Binance Launchpad is Polygon (MATIC). The initial price of Polygon’s MATIC token was $0.00263. MATIC surged to $2.92 in December 2021, making a 1,110X return. Following MATIC is Sandbox’s SAND token, which returned 1,008X at its peak from the original price. SAND’s initial token price was $0.008333 and surged to $8.40 in November 2021.
Despite ranking the lowest, Alpine F1 Team Fan Token, made an impressive 11X return at its peak. CoinGecko’s data showed that its native token, ALPINE, rose from a $1.00 initial price to a peak price of $11.29 before the bear market began.
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