Binance cryptocurrency exchange announced a change in the format of the next tokensale on the Launchpad platform to a lottery. At the same time, the number of lottery tickets per account will depend on the size of the steak in the BNB for 20 days before IEO.
Update to the #Binance Launchpad Token Sale Format https://t.co/rDU7SvspXM
– Binance (@binance) March 24, 2019
Note that one account can get up to 5 lottery tickets. Winners will be selected by randomizer.
The ratio of BNB-deposits and the number of lottery tickets
It is noteworthy that within 20 days before the lottery, the BNB-deposit snapshot will be carried out daily at 0:00 UTC to monitor the fulfillment of the conditions.
Each winning ticket will grant the right to purchase tokens for a fixed amount in BNB equivalent. As soon as the user informs the exchange that he is ready to use a certain number of tickets in case of their winnings, this obliges him to purchase tokens and the money will be debited automatically.
Binance acknowledged that the price of BNB may fluctuate due to daily snapshots, and its potential decline may not offset the benefit from the movements of the new token, and encouraged users to make informed decisions.
In addition, Changpeng Zhao urged the community to comment on the new format in a separate Twitter thread in order to make the necessary feedback-based changes, if needed.
Will address some of the questions / concerns / feedback in this thread.
Our new Launchpad is not set in stone. For considering all angles. Certain tweaks. https://t.co/2wfeyZUyZH
– CZ Binance (@cz_binance) March 24, 2019
Recall that during the Celer Network tokensale on the Launchpad platform, once again there are problems with bandwidth; many people who did not manage to purchase tokens.
Subscribe to BlockchainJournal on YouTube !
BlockchainJournal.news
BlockchainJournal.news
