StepN outperforms other Binance launchpad projects

Image Credits: Hostmerchantservices

  • StepN, a blockchain project, has become the most profitable cryptocurrency venture on the Binance Launchpad.
  • This outperforms other tokens introduced on the platform by over tenfold.
  • Polygon’s MATIC token, starting at $0.00263, surged to $2.92 by December 2021, resulting in a 1,110X return.

StepN, a unique blockchain project, offers. This project has turned heads by becoming the most lucrative cryptocurrency venture on the Binance Launchpad since 2022. According to insights gathered by CoinGecko, a top cryptocurrency data platform, StepN’s very own token, GMT, reached an astonishing 411X profit from its initial value at its peak.

Comparing StepN to its peers, the numbers are impressive. StepN has outperformed other tokens introduced on the same platform since 2022 by more than tenfold. Similar projects like Space ID and Hooked Protocol managed to achieve 41X returns during the same timeframe. These projects harnessed the power of Binance’s crowdfunding mechanism through Initial Exchange Offerings (IEOs).

It’s important to note that while StepN has claimed the top spot among projects launched since 2022, the overall leader in all Binance Launchpad projects remains Axie Infinity. According to CoinGecko’s data, Axie Infinity’s native token, AXS, yielded an incredible 1,649X profit from its initial launch price. During its IEO phase, AXS tokens were priced at $0.10 each, skyrocketing to an impressive peak of $164.90 in November 2021.

Read More: Bitcoin Trading Volume Hits Lowest Point in Nearly Five Years

Taking second place in terms of profitability on the Binance Launchpad is Polygon (MATIC). Starting at just $0.00263, the value of Polygon’s MATIC token surged to $2.92 by December 2021, resulting in an impressive return of 1,110X. Following closely is the SAND token from Sandbox, boasting a peak return of 1,008X from its initial price. SAND tokens started at $0.008333 and surged to $8.40 in November 2021.

Even the project that ranks the lowest, the Alpine F1 Team Fan Token, managed to make a commendable 11X return at its peak. CoinGecko’s data illustrates that the native token, ALPINE, saw an increase from its initial price of $1.00 to a peak price of $11.29 before the bear market took over.