Five cryptocurrencies listed as initial exchange offerings (IEOs) on Binance are soaring.
Band Protocol (BAND), which is designed to link real world-data to smart contracts, has exploded by 377% over the past 30 days, according to data from the crypto insights platform Messari at time of publishing. The token has grown by 704% over the past 90 days and an exponential 3,355% year-to-date.
Meanwhile, Perlin, a smart-contract platform that aims to transform international trade into a digital and autonomous industry, has rallied by 279%.
Elrond, which aims for efficient and competitive decentralized application (dApp) experiences in real-world settings by enabling fast and low-cost transactions, soared by 172%.
Collateralized crypto loan provider Kava grew by 162%, and Fetch.AI, which taps on machine learning, artificial intelligence, multi-agent systems, and decentralized ledger technology to automate economic transactions, has witnessed gains of 156%.
Binance began offering IEOs back in early 2019 in an attempt to formalize the introduction of new tokens on the market.
It has since rolled out 18 cryptocurrencies through its IEO platform known as Binance Launchpad.