As a crypto investor, I’ve been keeping an eye on Binance Labs, the investment arm of Binance. According to Root Data Labs’ recent report, they’ve invested in a whopping 21 out of the 30 Launchpool projects since November 2021. That’s an impressive 11.05% strike rate!
According to a recent study by Root Data Labs, Binance Labs, the investment wing of prominent cryptocurrency trading platform Binance, has emerged as the most financially engaged backer of Launchpool initiatives.
๐ช๐ต๐ผ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ ๐ถ๐ป๐๐ฒ๐๐๐ผ๐ฟ๐ ๐๐ถ๐๐ต ๐ธ๐ฒ๐ฒ๐ป ๐ฒ๐๐ฒ๐ ๐๐ต๐ฎ๐ ๐ถ๐ฑ๐ฒ๐ป๐๐ถ๐ณ๐ ๐๐ฎ๐๐ป๐ฐ๐ต๐ฝ๐ผ๐ผ๐น’๐ ๐ฒ๐ฎ๐ฟ๐น๐ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐? ๐
We’ve compiled data on ๐ฏ๐ฌ Binance ๐๐ฎ๐๐ป๐ฐ๐ต๐ฝ๐ผ๐ผ๐น ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐ since November 2021, ๐๐ถ๐๐ต ๐ฎ ๐๐ผ๐๐ฎ๐น ๐ผ๐ณ ๐ฎ๐ด๐ดโฆ
โ RootData (@RootDataLabs) April 28, 2024
Since November 2021, Binance Labs has taken part in an impressive 21 out of the total 30 Launchpool projects through its data analytics platform. As a result, they have accumulated a significant number of 190 investment portfolios.
As a researcher studying the investment strategies of various venture capital firms, I’ve come across some notable ones like OKX Ventures, Coinbase Ventures, and Polychain Capital, each having invested in approximately five Launchpool startups. Remarkably, Binance Labs stands out with an impressive 11.05% strike rate.
Binance Labs’ systematic process for identifying groundbreaking cryptocurrency projects and securing early investments is evident in this remarkable outcome.
Among the 288 investors, the success rate was generally below 2%. However, some standout investors, including Gemini’s Frontier Fund, Draper Dragon, and individual investor Kin Warwick, managed hit rates of over 5%, demonstrating their knack for recognizing promising projects in the cutthroat Launchpool market.
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2024-04-28 22:44