On Binance Launchpad kicks off a new IEO. What will be cryptomaterial tokens this time?

On Binance has information on the following IEO platform Binance Launchpad. This time the project will be launched under the name of Band Protocol (BAND). As in the case of previous IEO, tokens will be distributed in the format of the lottery and airdrop, that is free distribution. To obtain a single lottery ticket you need to have at least 50 BNB on the trading account Binance for a certain period of time. Potential participants in the lottery must confirm their identity through the process of KYC by providing identity documents.

Details tocancel Band Protocol

  • Token name: Band Protocol (BAND);
  • The purpose of the fundraiser: 5.85 million;
  • The total number of tokens: 100 000 000 BAND;
  • Allocation (distribution) for Binance Launchpad: 12 368 200 BAND;
  • Price: 1 BAND = 0.473 dollar;
  • The maximum number of winning tickets: 19 500;
  • The distribution for a single winning ticket: $ 300 (634.25 BAND).

These are the basic metrics of process of the lottery. For more information about the IEO located on page Binance Launchpad.

Lottery rules and airdrop

For the project allocated Fund in the amount of 613 800 BAND, or about 300 thousand dollars. It will be distributed as a “consolation prize” to owners of losing lottery tickets. Size airdrop is calculated as the ratio of losing tickets of the user to their total number multiplied by 613 800 BAND.

Example: the user has received three tickets for 150 BNB on the balance sheet, but none of them won the lottery. The total number of losing tickets 400 thousand units. In this case, the trader will airdrop in size 4.7385 BAND (631,800 BAND / 400,000 X 3). According to the results of the draw on his account will remain 150 BNB + 4.7385 BAND.

"Consolation prize" first appeared in the last lottery Perlin. Earlier I shared their experience of participation in this round Binance Launchpad. It was not the best, so I'm not going to participate in Band Protocol. After completion of the lottery will be published in the review of its results. Let's see if my solution is reasonable.

The schedule of the lottery

Balance on accounts of all users registered Binance from 17 August to 16 September. The exchange will automatically calculate the average number of BNB for the period and issue the appropriate number of tickets after completion. The equivalent remains the same — each ticket is worth 50 BNB. As you can see, this process began even before the end of the previous lottery, after all in Perlin balance was recorded until 24 August.

16 Aug everyone who could to participate in the lottery, you can pick up your tickets. It must be done within 24 hours or you will lose the right to participate. The day Binance will announce the results and the exact date of the start of trading BAND. By the way, in the following projects on Binance Launchpad will also be a 30-day registration period balance with BNB.

Read on: the Desire to earn on cryptocurrency IEO turned into losses. However, not all.

Unfortunately, users from Belarus, Kyrgyzstan and Uzbekistan are prohibited from participating in the lottery. We wish you luck and more winning tickets. For other news in our cryptodata millionaires!

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