- Erick Zhang, a managing partner at Nomad Capital and a former Binance executive, founded BuidlPad.
- Users in non-restricted regions that comply with KYC can access the new ICO platform BuidlPad.
Erick Zhang, a managing partner at Nomad Capital and a former head of research at Binance as well as the lead of Binance Launchpad, has unveiled BuidlPad, a new initial coin offering (ICO) platform.
The news was made Thursday at Emergence, the first conference hosted by Foresight Ventures. Amid a renewed interest in initial coin offerings (ICOs), Zhang had said last week that he was almost ready to launch the platform. ICOs give entrepreneurs a “powerful” opportunity to create devoted, involved communities where everyone is interested in the project’s success.
I’ve also spoken with a lot of project entrepreneurs, and they all agree that there is a big need for a new initial coin offering platform.
Pro-crypto sentiment is one of the causes driving the renewed interest in initial coin offerings. Industry experts at the time cited bad user retention from token airdrop campaigns, U.S. President-elect Donald Trump, and retail investors’ discontent with paying exorbitant rates in comparison to venture capital investors. Zhang shared these opinions, emphasizing how the community is frustrated by VC-backed coins’ poor performance and exaggerated values. The wealthy are favored by the present venture capital funding strategy.
Using Binance Launchpad experiences
According to Zhang, who led Binance’s token launch platform Launchpad during his time there, he managed the launch of more than 20 initial coin offerings (ICOs), including well-known ventures like BitTorrent, Polygon, and Axie Infinity, which helped them raise a total of more than $100 million. utilizing these experiences as a guide.
With an emphasis on openness and equitable distribution, I have integrated insights from previous initial coin offerings (ICOs) into the design of BuidlPad. In order to ensure value for investors, Zhang stated that the ICO platform would use a “meticulous” vetting process to choose only the best ideas with good execution and solid business plans.
Residents of prohibited areas, such as the United States and China, will not be able to participate in initial coin offerings (ICOs) held on BuidlPad, and users will need to complete know-your-customer (KYC) checks in order to participate.
BuidlPad’s launch follows the August launch of Legion, a “merit-based” initial coin offering (ICO) platform developed by Delphi Labs, by just a few months.
Legion sold its first initial coin offering (ICO) last week for Pulse, a DePIN initiative that collects health data. Legion co-founder Matt O’Connor said at the time that the platform plans to do weekly initial coin offerings (ICOs) for the rest of the year, with a rise in frequency anticipated the following year.
Jordan Fish, often known as Cobie, is a well-known cryptocurrency trader who earlier this year introduced a beta version of an angel investment platform. As to Cobie’s Nov. 27 post on X (previously Twitter), the platform has so far assisted projects in raising approximately $30 million.
Quality venture capitalists continue to play a crucial role, even though initial coin offerings (ICOs) offer substantial prospects for individual investors. Last week, Jed Breed, the founder and general partner of Breed VC and the former head of digital assets at Circle, said that “I think having a combination of retail investors through ICOs and VC investors is the best outcome.”
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
