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Binance changes the launchpad token sales format into lottery



The Cryptocurrency Leading Exchange Rate Binance has announced important changes to the launchpad token format in a blog entry published on March 24.

According to the announcement, the company will use "a new lottery format for the next project." Binance Launchpad. "Previously, the system operated on the basis of first-come-first-served services, leaving many users who joined the high-demand sales queues with no tokens.

Swiss Post also describes a lottery ticket system where subscribers can claim up to five tickets by holding Binom Coin (BNB) markers for the 20 days preceding the lottery, with one ticket per 1

00 BNB. The stock market indicates the number of winning tickets and the amount the owner of a winning ticket will receive.

Users can choose how many tickets they wish to use to enter a given lottery within 24 hours before the winners are selected, with the maximum number based on their BNB holdings in the previous 20 days.

While Binance admits that the new system may cause some fluctuations in BNB trading before and after the snapshot, it reports side effects should be minimally added:

"Other market participants may consider this as a chance and counter-deal to the swings

Binance Launchpad, as the name suggests, is the company's token launch platform Recently, a $ 4 million sale of Celer Network (CELR) markers was completed last week. The platform allegedly sold Fetch.AI (FET), which raised $ 6 million in 22 seconds in February.

As Cointelegraph recently reported, changes to Binangel's public application programming interface seem to indicate that the company is working to implement the margin

Last Tuesday, two exchanges, LBank and Bit-Z, outperformed Binance on the adjusted cryptocurrency exchange ranking Rankings on CoinMarketCap, but investigations published by Tie on March 18 suggest that most of their volume is counterfeit.


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