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BNB: What is the role of the Token in the Binance Launchpad?

the Binance changes its Launchpad structure. As of now, the crypto raffled off-exchange purchase rights for ICO on its own platform. Who holds greater amounts

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BNB: What is the role of the Token in the Binance Launchpad?
the Binance changes its Launchpad structure. As of now, the crypto raffled off-exchange purchase rights for ICO on its own platform. Who holds greater amounts of Binance Coins (BNB), improved his chances to receive the award.

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On the 25. March 2019BTC$3.979,74 -0.41%part Facebook Twitter LinkedIn xing mail

"In a rapidly changing world, we are to listen, learn and adapt. For the next project on the Binance launch pad, we will use a new lottery format,“ - said in a yesterday, Sunday, the 24. March, press release.

Thus, the System works as follows: Over a period of 20 days (typically 20 days before the beginning of a Token Sales), the Bitcoin stock exchange, in each case to 0:00 (UTC) at Snapshots on the NBB holdings. After the expiration of the 20 days of the Token Holder shall be entitled to claim a lottery ticket; depending on your own BNB assets.

lottery distribution. The max. Number of possible Tickets is five. Investors need to keep 500 or more BNB. Source: Binance.

The table shows that the maximum number of lottery tickets cannot exceed the number five. In addition, investors must have a minimum number of 100 BNB-Token, Token Sales on the launch pad at all still participate.

Ticket purchase authorization

The System needs further clarification. So Binance writes that the wealthy are not forced to the end of BNB-owners (500 tokens, and more), of course, to a ICO. Finally, the ticket shall only entitle the holder to participate. Investors should take but five Tickets in the draw, the Winning will have to be allocated Tickets, a mandatory component of the ICO.

If user B submits five Tickets and only two Tickets to win, he is obliged, for a two-ticket allotments (BNB) for the Token.

what is the value of such Tickets is, according to Binance, depending on the respective ICO.

Everything is about BNB

the drawing of The Lots of runs, however, automatically and "sufficiently randomised", the stock exchange writes. Tickets for the prize lead then to a BNB-deduction and at the same time to the credit of the respective ICO-Token.

The System, according to Binance a standard procedure to stock exchanges, to Fairness in the distribution of Assets. It comes as a response to the growing problems with the First-come-First-serve Policy, which had applied Binance in advance.

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