The largest cryptocurrency exchange in terms of daily trading volume Binance announced the tokenail of the Matic Network project, which will begin on April 24 at 8:00 UTC. Note that the sale of tokens for the first time will be carried out in a lottery format.
#Binance Launchpad announces @maticnetwork as the next project under the token launch format https://t.co/W2sr608fO9
– Binance (@binance) April 1, 2019
Matic Network is a second layer solution for Ethereum with support for the Plasma framework and the decentralized network of PoS validators. The project intends to use sidechains for off-cheat computing, which will allow developers to create and maintain various DApps.
1.9 billion MATIC tokens will be distributed through the Launchpad, which is 19% of the total emissions. The price of one token is set at $ 0.00263, however, payment will be made exclusively in Binance Coin (BNB) .
The number of winning tickets that will grant the right to purchase MATIC tokens for $ 300 is 16 666. At the same time, one account can receive no more than 5 winning tickets depending on the size of the BNB steak held for 20 days before the start of the tokensale.
More information about the lottery format can be found at the link .
The features of the Plasma scaling technology can be found on the BlockchainJournal Youtube channel.
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