Binance Smart Chain (BSC) at a Glance
Launched by Binance in 2020, BSC pairs Ethereum‑compatible smart contracts with low fees & fast blocks—making it a hotspot for token launches.
ICO on BSC
Projects mint tokens on BSC and sell them directly to early supporters, usually for BNB.
- Accessibility: Anyone with a BSC wallet can join.
- Risks: Fewer guardrails → higher scam potential.
- Notable: BakerySwap raised millions via a 2020 ICO.
IDO on BSC
An Initial DEX Offering lists the token directly on a decentralized exchange (e.g. PancakeSwap), granting instant liquidity.
- Benefits: Fast, permissionless, transparent.
- Community Hype: 2021 DeFi boom saw dozens of IDOs—MOBOX, CAKE, BAKE among standouts.
Token Presales
Early‑bird rounds on launchpads like BSCPad or Seedify where tokens sell at a discount before wider release.
- Goal: Seed capital & early community.
- Model: Tiered staking systems gate access.
- Example: GameFi projects tapped presales to fund development.
BSC Crowdfunding Timeline
High Ethereum gas fees (2019‑2020) pushed builders toward BSC. By 2021 the chain hosted 1k+ launches, evolving launchpads and community‑driven due‑diligence norms.
How to Join Safely
- Research: Whitepaper, team, audits.
- Wallet: MetaMask (BSC network) with BNB for gas.
- Access: ICO via project site, IDO via DEX, presale via launchpad.
- Protect Funds: Verify contract addresses, beware of phishing, and never over‑expose your capital.