Former top Binance executive launches ICO platform BuidlPad
Erick Zhang launches BuidlPad ICO platform at Emergence conference
Erick Zhang, managing partner at Nomad Capital and former Binance head of research and Binance Launchpad lead, has unveiled BuidlPad, a new initial coin offering (ICO) platform aimed at reshaping how crypto projects raise funds and engage communities.
The announcement was made at the Emergence conference, co-hosted by The Block and Foresight Ventures, where Zhang highlighted the resurgence of ICOs as a "powerful" mechanism for fostering engaged and loyal communities, reports The Block.
A Resurgence in ICOs
Interest in ICOs has grown amid shifting market dynamics, including the election of pro-crypto U.S. President-elect Donald Trump and dissatisfaction with the current venture capital (VC) funding model. Retail investors, often left to purchase tokens at inflated prices following VC rounds, are looking for opportunities to invest early.
“ICOs offer retail investors a chance to invest in tokens at earlier and lower valuations, avoiding the inflated 20x of the seed price when they finally get listed,” said Zhang.
Experts at Emergence also noted the underperformance of VC-backed tokens and low user retention from airdrop campaigns as key drivers of this renewed interest.
Leveraging Binance Launchpad Experience
Drawing from his leadership of Binance Launchpad, Zhang underscored his track record of helping major projects like BitTorrent, Polygon, and Axie Infinity collectively raise over $100 million.
“I’ve incorporated lessons from past ICOs into the design of BuidlPad, focusing on transparency and fair distribution,” he said. BuidlPad will implement a meticulous vetting process to ensure only high-quality projects with viable business models are listed, addressing common concerns about overhyped or underperforming tokens.
Key features of the platform include:
KYC Requirements: Users must complete identity verification to participate.Restricted Participation: Residents from regions like the U.S. and China will be excluded from ICO sales.Community-Centric Approach: Designed to prioritize retail investor access and equitable token distribution.
Forward-Looking Vision
Zhang’s BuidlPad aims to redefine the ICO landscape by addressing community frustrations and enhancing investor protections. As ICOs gain momentum, BuidlPad seeks to position itself as a trusted platform, fostering innovation and broadening participation in the crypto economy.
Recently we wrote, that on December 4th, 2024, the crypto community celebrated a historic milestone yesterday as the price of Bitcoin surged past $100,000 for the first time.
