Finding a promising crypto project before they gain widespread attention can be a game-changer for investors. Among the various strategies gaining popularity, one stands out: the art of spotting tokens before they are officially listed on major exchanges, particularly Binance. Investing in tokens before they make their way onto Binance has the potential to deliver remarkable returns, often averaging around 10x or more, except for the latest few cryptocurrencies listed recently in the bear market. In this comprehensive guide, we will unveil a detailed, step-by-step method to identify tokens before they secure listings on Binance, one of the world’s foremost cryptocurrency exchanges.
What is Binance?
Established in 2017 by Changpeng Zhao, widely recognized as “CZ,” and Yi He, Binance has risen to become one of the globe’s leading cryptocurrency exchange platforms. On Binance, individuals have the capacity to engage in the purchase, sale, and trading of an extensive array of cryptocurrencies, encompassing well-known options such as Bitcoin (BTC), Ethereum (ETH), and numerous alternative digital assets.
Key features and services provided by Binance include:
Spot Trading: Binance offers a straightforward platform for users to trade various cryptocurrencies in real-time. Users can place market orders, limit orders, and other types of trades.
Futures and Derivatives: Binance also offers futures and options trading, allowing users to speculate on the future price of cryptocurrencies without actually owning them.
Staking and Savings: Binance provides opportunities for users to earn interest on their cryptocurrency holdings through staking and savings products.
Binance Coin (BNB): Binance has its own native cryptocurrency called Binance Coin (BNB), which can be used to pay for trading fees on the platform, among other things.
Binance Smart Chain (BSC): Binance operates its own blockchain called Binance Smart Chain, which has become popular for decentralized applications (DApps) and DeFi (Decentralized Finance) projects.
Binance Launchpad: Binance Launchpad is a platform for token sales and initial coin offerings (ICOs) that have been vetted by Binance.
Education and Research: Binance provides educational resources, research reports, and market analysis to help users make informed trading decisions.
Security: Binance places a strong emphasis on security and employs various measures to protect user funds and data.
Binance has grown rapidly since its inception and has a significant global user base. It is known for its wide range of supported cryptocurrencies, competitive trading fees, and innovative features.
Identifying Projects Pre-Binance Listing
The key to identifying tokens before they land on Binance lies in monitoring projects that receive investment and support from Binance Labs. Binance Labs is the venture capital arm of Binance, investing in numerous blockchain projects and providing them with not only financial backing but also invaluable guidance from the Binance team. These projects hold tremendous potential for Binance listings, given Binance Labs’ vested interest in their success.
A Detailed Step-by-Step Guide
Step 1: Leveraging CryptoRank.io
- Visit CryptoRank.io: Commence your journey by navigating to the CryptoRank.io website, a versatile tool offering comprehensive information and analysis on various cryptocurrency-related topics.
- Access the “Fundraising” Section: Within the CryptoRank.io website, locate and access the “Fundraising” section. Here, you will find extensive information concerning fundraising activities in the cryptocurrency space.
- Search for Binance Labs: While in the “Fundraising” section, proceed to the “Funds” tab. To expedite your search, utilize your browser’s keyword search function (CTRL + F) and search for “Binance.” Click on “Binance Labs” to gain insights into the projects they have chosen to support.
Step 2: Applying Strategic Filters
- Exclude Projects Already on Binance: To filter out projects already listed on Binance, employ the “Filter” option and select “Trading On.” This step ensures your focus remains solely on projects not yet available on major exchanges.
- Filter by Market Capitalization (Mcap): To further refine your selection, apply another filter targeting projects with a Market Capitalization (Mcap) of less than $100 million. This is a critical step in identifying undervalued projects poised for potential listing on Binance.
Step 3: In-Depth Project Evaluation
- Create a Curated List of Tokens: After applying the filters, you should have a thoughtfully curated list of approximately ten tokens that meet your criteria. If the list remains extensive, consider lowering the Mcap threshold to $50 million to further narrow it down to a few dozen projects.
- Individual Project Analysis: For each remaining project on your list, embark on a comprehensive analysis by clicking on them individually. Pay special attention to projects released in the current year, as they are more likely to be under the radar and present untapped potential.
Also read:
Top 7 GambleFi Crypto Projects in 2023
How to Profit and Win in Crypto in 2023 and Beyond?
Conclusion
In the cryptocurrency investment world, the pursuit of opportunities beyond the mainstream is both a challenge and an exciting adventure. This comprehensive guide reveals a strategic pathway to potentially identifying tokens before they gain access to major exchanges like Binance, offering investors the prospect of remarkable returns. By closely tracking projects backed by Binance Labs, the venture capital arm of the Binance exchange, investors can tap into a wellspring of emerging cryptocurrencies with significant growth potential. Utilizing the versatile tool CryptoRank.io, investors can navigate the labyrinth of fundraising activities in the crypto sphere, applying strategic filters to focus on promising projects with Market Capitalizations (Mcaps) below $100 million. This refined selection can then be subjected to rigorous analysis, with special attention given to projects released in the current year. Armed with these insights, investors can navigate the crypto landscape with a discerning eye, potentially reaping the rewards of early investments in projects poised for future Binance listings.
Note: This guide provides an exhaustive method for identifying tokens before they are listed on Binance, one of the world’s leading cryptocurrency exchanges. Binance offers a broad spectrum of services, including spot trading, futures trading, staking, and more. Renowned for its user-friendly interface, stringent security measures, and extensive array of supported cryptocurrencies, Binance presents opportunities for traders and investors. Nonetheless, it is crucial to approach cryptocurrency investments with caution, conduct thorough research, and consider diversification before making financial decisions.
