RChain to launch testnet

RChain is organizing RCon3 event on September 3-4 with a testnet launch as part of the event
19 June 2018   974

RCon3 assembles dApp developers, investors and researchers to introduce the RChain platform and the chance to participate in the launch of the RChain testnet on September 3. The event will feature 4 tracks:

  • technology;
  • blockchain solutions;
  • research;
  • development

Highlights of the program include practical workshops for dApp developers, launch of the RChain testnet, demonstration of the Rhoc/Rev swap and key signing parties. RChain testnet launch section is going to encompass informational sessions for validators and investors on PoS economics, infrastructure requirements and system engineering.

More information is available here. RChain market characteristics at the moment of publication are as follows:

Average price 1.02 USD
Market cap 367,919,886 USD
Volume (24H) 745,146 USD

Binance to Change Launchpad IEO Rules

Binance is going to implement the lottery format for the next tokensale campaign
25 March 2019   12

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.