NXT to Migrate to Komodo Asset Chain

The deadline of migration to Komodo Asset Chain is 1st March, 2018
19 February 2018   893

Supernet reported that it will migrate it's assets from NXT over to Komodo Assets Chain. 

Every NXT asset will have it's own Komodo asset chain. According to the team, this will allow paying dividends directly to KMD address.

The following NXT assets are affected.

  • SuperNET
  • NXTprivacy
  • InstantDEX
  • NXTcoinsco
  • sharkfund0
  • crypto777
  • jl777hodl
  • pangea
  • privatebet
  • MGW

The asset transfer swaps will be open until March 1st 2018. Users can loose their assets if the won't do the transfer.  

Binance to Change Launchpad IEO Rules

Binance is going to implement the lottery format for the next tokensale campaign
25 March 2019   10

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.