Upcoming Binance Launchpad Tokensale Unveiled

Celer Network tokensale is scheduled for 14:00 UTC, March 19 with $ 0.0067 per one CELR
05 March 2019   266

The next project, which will hold tokensale on the Launchpad platform from the Binance Bitcoin Exchange, will be the Celer Network (CELR). Start of sales is scheduled for 14:00 UTC, March 19. Tokensale will last until March 24.

It should be noted that the volume of supply will be 597,014,925 CELR with an aggregate emission of 10,000,000,000 CELR. The price of the token is set at $ 0.0067, but the project will accept only Binance Coin (BNB). At the same time, the maximum amount of individual investments should not exceed $ 1500.

The project team that develops second-level solutions for blockchains includes former employees of Google, Amazon, Cisco, and HP. The founders of the project have doctoral degrees from MIT, Princeton, Berkeley University and UIUC.

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.