Den-X to undergo a Hard Fork

Den-X Ltd platform announced a Hard Fork on July 22 to launch Den-X Plus
23 June 2018   970

Den-X is going to perform a Hard Fork of its DNX token on July 22. The fork will be activated at block 6091499. Simultaneously, Den-X Plus with DNXP token launch will take place. Current DNX holders are automatically get eligible for exchanging DNX to DNXP at the rate of 1:1. Users are advised to use Myetherwallet to get the old DNX exchanged for DNXP.

Den-X is a platform with automated algorithms for cryptocurrency arbitrage, market making, and prediction trading. The mission of establishing DENX.LTD as the largest arbitrage and market maker in the growing multi-billion landscape of cryptocurrencies, digital assets, and blockchain transactions.

Binance Launchpad to Change IEO Rules

Binance is going to implement the lottery format for the next tokensale campaign
25 March 2019   70

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.