Binance Coin (BNB) Could Retest $19 on Prospects of a New IEO – Ethereum World News

July 19, 2020 By admin

Summary:

  • CZ has announced via twitter, that there could be a fresh IEO in the pipeline via Binance Launchpad.
  • BNB is the sole asset for IEO participation and demand for the asset could trigger a push back to $19.
  • Binance Coin (BNB) was in the midst of a pullback after the coin burn and 3-year anniversary event. 

The CEO of Binance, Changpeng Zhao, has hinted on the possibility of a new IEO crowdfunding event via the Binance Launchpad. Mr. Zhao made these comments via Twitter where he explained that the team at Binance was reviewing a few strong projects and that a decision on which will grace the IEO platform will be announced soon. The tweet by CZ can be found below.

Binance Coin (BNB) Could Retest $19 on News of an IEO

The last IEO crowdfunding event on the Binance Launchpad was Cartesi (CTSI) which was held on the 22nd of April this year. To note is that IEO events on the Binance Launchpad only accept Binance Coin (BNB) as the choice digital asset for participation.

This means that eventual investors of the IEO in the pipeline will soon start accumulating Binance Coin (BNB) to claim their tickets for the crowdfunding event. Additionally, savvy traders who trade based on major crypto events, will ride along and place BNB long positions.

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