Binance Launchpad will support BitTorrent & blockchain projects in 2019
Binance Launchpad, a startup transforming platform, is gearing up to take off in 2019 with Tron’s BitTorrent and Fetch.AI as initial projects. Announced on Thursday, only those Binace users, whose ID verification is completed and have satisfied the eligibility criteria, can avail the Launchpad. The upcoming weeks will see further announcements on the two aforementioned blockchain based initial projects. Binance Launchpad provide the startups a platform to raise funds and holistic assistance for developing their products.
The Tron acquired BitTorrent project is meant for file sharing in a peer-to-peer system. The project enables the content creators to distribute their contents directly on the web with a help of tools. This incorporation of ”BitTorrent peer-to-peer network and the TRON blockchain network via a set of BitTorrent protocol extensions, a custom token, and an in-client token economy” seeks to benefit 100 million active users in around 138 countries.
The second in the list is Fetch.AI, an artificial intelligence based blockchain project. The startup conducts economic tasks by virtue of Autonomous Economic Agents (AEAs) . The AEAs are advanced digital units that allow transaction without human interference. These bodies also permit representation of devices, individuals, services and even themselves.
The fundamental motive of the project is supplying use cases for diversifying fields such as the energy, transportation, hospitality and others. To test the eligibility of an initiative for becoming a part of the Launchpad, each project has to undergo a rigorous reviewing procedure to prove its worth as per Binance standard.
Certain factors of reviewing include the project’s wide scale adoption, its comparatively mature stage, a strong team with the zeal to make difference and rapidly grow in crypto space. Once all these factors are fulfilled by a project, the Launchpad opens its door for featuring.
However, Binance has notified that certain countries are not permitted to make their participation in token sales. The list of nations are ”Afghanistan, Burundi, Belarus, Central African Republic, Congo, China, Ethiopia, Guinea, Guinea-Bissau, Iraq, Iran, Democratic People’s Republic of Korea, Lebanon, Sri Lanka, Libya, Serbia, Sudan, Somalia, South Sudan, Syrian Arab Republic, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, United States, Venezuela, Yemen, Zimbabwe.”
Image via Shutterstock