#Binance launchpad profit verification

Trade on-the-go with Binance’s crypto trading app (iOS/Android) * Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform:īelarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S.

#Binance launchpad profit verification

Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale. Launchpad Detailed Allocation Calculation and BNB Deduction Rules To learn more about Open Campus (EDU), read Binance Research's in-depth report here. Once deducted, your EDU and BNB tokens will both be transferred to your spot wallet. Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.Ĭalculation Period 09:00 (UTC) to 10:00 (UTC): Subscription closes and token allocation calculation begins.įinal Token Distribution 10:00 (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Subscription Period 06:00 (UTC) to 09:00 (UTC): Subscription will open at this time for all eligible users for a three-hour period. Your final average daily BNB balance over these five days will determine the maximum amount of BNB that you can commit later on. Preparation Period 00:00 (UTC) to 00:00 (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a five-day period. Public Sale Token Price: 1 EDU = 0.05 USD (price in BNB will be determined prior to subscription) Total Tokens Allocated to Binance Launchpad: 50,000,000 EDU (5% of Total Token Supply)

The final BNB holding amount for each user will be determined as the average of the five days, using the Daily Average BNB Balance calculation previously announced here. (The webpage is estimated to be available in 4 hours)The token sale for Open Campus will follow the Launchpad subscription format, with the recording of user BNB balances starting at 00:00 (UTC).īinance will record user BNB balances for five days from 00:00 (UTC) to 00:00 (UTC). HOOK trades for $2.50 as of Wednesday – yielding a 2,300% return for early participants.Binance is excited to announce the 31st project on Binance Launchpad - Open Campus (EDU). Previous Binance launchpads have increased by several multiples for investors – which likely generates massive hype and interest.Ī December launchpad for Hooked Protocol’s HOOK tokens raised 9 million in BNB commitments from traders, offering its tokens at just 10 cents at the time.

Once a new initial exchange offer (IEO) is announced, a snapshot is taken of potential investors’ bnb holdings over a set period that varies according to the sale.Īfter the BNB holding period, a claim ticket button will appear for 24 hours to users which need to confirm their lottery tickets, after which the lottery will start and the winners will automatically allow users to become participants of the token offering in exchange for BNB tokens. ID can be used on the platform as a governance token.īinance Launchpad uses a lottery system for its token distribution. Space ID is a Web3 domain management, allowing users to exchange, register and manage crypto-based domain names.