Cryptocurrency News

Binance Breaking Records: Harmony Protocol (ONE) Is Trading At 800% IEO Price

Harmony protocol (ONE) is the latest IEO project on Binance Launchpad and is performing incredibly well on its first day of trading, so far, just like the previous IEO projects like FETCH AI, Celer Network (CELR), and BitTorrent (BTT) that were based on the Binance Launchpad.

During the IEO event, A total of 1.58 billion ONE tokens were sold at the rate of $0.003175 per token to participants who drew and claimed winning lottery tickets during the IEO period on May 28.

ONE is recording massive gains since it started trading on Binance and Binance DEX, with its price now trading around 8-9x compared to its IEO price. At the time of writing, the Harmony (ONE) token is trading at $0.026, followed by an impress volume of over  $250 million in the past 7 hours since started trading.

ONE is not the only IEO token on the Binance Launchpad with an impressive performance. Fetch AI Token and Celer Network (CELR), that saw a 400% increase when they started trading after its successful IEO. Similarly, BitTorrent (BTT) was traded 6x compared to its IEO price after it was listed for trading.

What’s the next IEO on Binance Launchpad?

Although IEO tokens are highly speculative with no guarantee of what their performance would be, all of the projects launched on the Binance Launchpad had an impressive performance. This will no doubt attract more investors to participate in upcoming IEOs. Since Matic IEO and also for Harmony, Binance initiated a lottery due to its overwhelming demand for its Launchpad’s IEOs. 

Binance is yet to announce the next IEO project on its Launchpad, but you can stay updated by checking our IEO section regularly.

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