The largest cryptocurrency exchange Binance announced the tokensale 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.
Matic Network is a second layer solution for Ethereum with support of 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.