Changpeng Zhao, the founder of Binance and a billionaire, has become active again in the cryptocurrency industry by investing USD 16 million in the token airdrop platform Sign. This investment comes amid a surge in token launches, following Bitcoin, which fully relies on mining processes to distribute its tokens.

The investment occurred at a time when the number of newly launched tokens is rapidly increasing. With technological advancements such as AI and various other tools, approximately one million new cryptocurrencies are created every week, according to Brian Armstrong, CEO of Coinbase.

Many new projects are now integrating token airdrops to enhance their credibility and liquidity by offering tokens for free to participants who meet certain criteria. However, this method often faces criticism because the number of tokens provided is often smaller than promised or exploited by scalpers using multiple accounts to collect these tokens.

To address this issue, Sign developed a system called TokenTable. This system aims to help developers launch their tokens more securely while ensuring that airdrops are conducted according to clear rules, including participant identity verification. The CEO and one of the founders of Sign, Xin Yan, revealed that the company’s revenue has grown significantly, from USD 1.7 million in 2023 to USD 15 million in 2024, thanks to the increasing popularity of token airdrops on the TON blockchain.