TenX President to Resign due to Lyoness Scandal

Hosp tried to delete all the public data linking him to Lyoness but one “training” video, voiced by Julian was found
10 January 2019   753

Co-founder and president of TenO's ICO startup, Julian Hosp left his post. From now on, the company will be solely managed by CEO Toby Hoenish.

Note that from 2011 to 2015, Julian Hosp was a “member” of the Lyoness financial pyramid. In the company he was engaged in marketing, sales, held lectures for other participants of the company.

Before the ICO of the TenX project, Josp tried to delete all the public data linking him to Lyoness.

According to Breaker, Lyoness is recognized as an illegal fraudulent scheme by the Supreme Court of Switzerland, the Austrian civil court and the Norwegian Gambling Council. About the connection of Josp with the project it became known thanks to the “training” video from Lyoness, allegedly voiced by him.

Binance Launchpad to Change IEO Rules

Binance is going to implement the lottery format for the next tokensale campaign
25 March 2019   111

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.