Bittrex to Launch Own Launchpad

The first initial exchange offering called RAID will take place on March 15th
12 March 2019   291

Malta-based trading platform Bittrex International launches its own platform for initial exchange offerings (IEO).

The first IEO on the new platform will take place on March 15th. The pioneer will be a game oriented project RAID with an XRD token.

Hardcap of tokensale - 17 billion XRD (17% of the total supply of coins), which is about $ 6 million. The minimum allowable purchase is 30 thousand tokens (about $ 10), and the maximum possible - 57 million XRD (about $ 20 thousand). The price of the token is fixed and amounts to 0.00000010 BTC. ERC-20 standard tokens issuer is ONERAID PTE, a Singaporean company. LTD.

Binance Launchpad to Change IEO Rules

Binance is going to implement the lottery format for the next tokensale campaign
25 March 2019   101

Binance announced a change in the format of the next tokensale on the Launchpad platform to a lottery. At the same time, the number of lottery tickets per account will depend on the size of the steak in the BNB for 20 days before IEO.

Note that one account can get up to 5 lottery tickets. Winners will be selected by randomizer.

BNB Balance to Lottery Tickets Ratio
BNB Balance to Lottery Tickets Ratio

It is noteworthy that within 20 days before the lottery, the BNB-deposit snapshot will be carried out daily at 0:00 UTC to monitor the fulfillment of the conditions.

Each winning ticket will grant the right to purchase tokens for a fixed amount in BNB equivalent. As soon as the user informs the exchange that he is ready to use a certain number of tickets in case of their winnings, this obliges him to purchase tokens and the money will be debited automatically.

Binance acknowledged that the price of BNB may fluctuate due to daily snapshots, and its potential decline may not be covered by the benefit from the new token, and encouraged users to make informed decisions.

In addition, Changpeng Zhao urged the community to comment on the new format in a separate Twitter thread in order to make the necessary feedback-based changes, if needed.

During the Celer Network tokensale on the Launchpad platform again had bandwidth problems; many people did not manage to purchase tokens.