OKEx to Launch Platform For New Tokens

As follows from the hashtag of Operations Director's tweet, it will be called OK JumpStart
13 March 2019   288

Another follower of Binance and its platform Launchpad is OKEx.

According to Andy Cheung, Operations Director at OKEx, almost everything is ready to launch a platform for new tokens. As follows from the hashtag to tweet, it will be called OK JumpStart.

Additional information about the new platform is not yet known.

Earlier, it was reported that the analogue of Binance Launchpad is launched by Bittrex. The first IEO on the new platform will be held on March 15, and the pioneer will be a RAID project focused on the gaming industry with the XRD token.

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.