Kriptokoin.com – Those who follow the famous stock exchange Binance of the world of crypto money know very well about token sales that took place in recent days and months. Binance has taken a step towards this problem, where it lasts for a short time and most people reproach because of not being able to buy.
The famous Bitcoin stock exchange, Binance, announced today that it has made new decisions regarding the Token launch, which it has made regularly every month. According to the decision, Binance has set new standards.
Brought Standard Summary
- The next launch of the Binance Launchpad token will take place as a raffle rather than a system that the first one buys.
- In order to claim a ticket, you must have at least 20 days of BNB in your account. Depending on the amount of BNB held and the appropriate account, you have a maximum of 5 tickets.
- The lottery draw will be performed in a transparent manner and by a system that selects the random lottery ticket.
- The customer's diagnosis system and the limitations imposed on some countries will be valid.
Lottery Ticket Allocation
Users will be able to claim a maximum of 5 lottery tickets up to the date of the lottery draw, according to the BNB owners who are shown below for 20 days.
For example, you have a BNB of 100 to 199 and have held it for 20 days until the day of the draw. In this case you will be entitled to a ticket draw. When the number is 200, you have 2 tickets up to 299, 3 tickets between 300 and 399, 4 tickets between 400 and 499, and 5 tickets for 500 BNB and above.
Each user's BNB balance will be recorded at 00:00 on the day of Binance (UTC) every day.
Well, let's say we have 300 BNBs. We kept 19 days and dropped to 299 BNB on the 20th day. In this case, you will be evaluated according to 299 BNB and you will only be entitled to 2 tickets.
Each lottery ticket has its own number. If you request more than one lottery tickets, the numbers will be consecutive. For example, if you request 5 tickets, your ticket numbers can be 100010, 100011, 100012, 100013 and 100014.
For each project, Binance will announce the maximum number of potential lottery ticket winners and the amount of allocation corresponding to each previously winning ticket. For example, 10,000 potential winning tickets, each representing $ 500 USD. This will change for each project in Launchpad.
Those who have the right to participate in the launch will be given a 24-hour period depending on how many lottery tickets they want to buy, depending on their BNB. Of course, you need to pay attention to a ticket if the ticket is a lucky ticket in the sale if you have to take the Token offered in this case. For example, you have 5 tickets and you have won 2 tickets. You have to buy the token number that accrued two tickets. When you win, the amount of BNB related will be automatically deducted from your account.
Attention Time Zones
Upon the announcement of the project at a launch, those who want to participate in the launch will complete the account verification process and sign the Token Purchase Agreement before the commencement date of the withdrawal.
Twenty-four days before the raffle, Binance will record the BNB balances to determine the number of tickets that can be requested and this record will continue for 20 days.
A day before the raffle will begin a 24-hour period for users' ticket requests. Then the draw will begin. The draw is going to last until the last lucky ticket is finished.
Binance states that there are risks in every model and emphasizes that this system has some risks in itself. Binance's emphasis on major price fluctuations. Accordingly, users are reminded that prices may wave and it is emphasized that Binance will not be responsible.
Reactions to Binance's Announcement
After the announcement of Binance, the reactions from the crypto-money community were quick. One user stated that 100 BNB is $ 1700 and a ticket corresponds to $ 1700.
100bnb to get just a ticket ?! The lottery idea is great, although, this isn't fair @cz_binan by .
– Niels (@ nvds888) March 24, 2019
Some users emphasize that this is not a viable solution:
Still its is not an appropriati the solution. @cz_binan by You can't use the handle BINANCE launchpad until yet. Not satisfied.
– Asad Raza (@AsadBTC) March 24, 2019
Some users also say the launch will now be done for the rich:
Basically, it's a simple game.
– Oguneko Stephen. A (@oguneko_stephen) March 24, 2019
A user will be away from the BNB, stating the response is expressed.
Changed to Token model .. $ BnB I'm not throwing the chart for every turn. therefore I do not use the subnet exchange binance binance $ BnB also not receiving. Let the winners be fertile. I wish you plenty of money https://t.co/ZRai9vNxlF
– Selcoin (@Selcoin) March 24, 2019
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