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. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Subscription Period 06:00 AM (UTC) to 09:00 AM (UTC): Subscription will open at this time for all eligible users for a 3 hour period.Your final average daily BNB balance over these 7 days will determine the maximum amount of BNB that you can commit later on. Preparation Period 00:00 AM (UTC) to 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 7-day period.Binance only adds tokens that are in an advanced stage of development and offer a good infrastructure. Companies can apply by filling in long forms and sharing many details.īinance looks at the business plan, economic model of the token, history of development and the project team.
How does Binance select projects for Launchpad?īinance executes extensive research on projects that apply for the launchpad. After the IEO, the price of BNB often drops because some users sell their superfluous BNB again. Not all projects manage to stay on top.īinance Coin: Because users need BNB to participate in Launchpads, you typically see that the price of BNB rises before an IEO takes place.
Especially in the first few days after the launch, the price often rises.
Binance is the largest crypto exchange in the world and all the extra attention can attract a lot of capital. New tokens: tokens launched on Binance via Launchpad often rise sharply in value after launch. This can be risky, as you can lose a lot of money if the BNB price falls. You also have to buy a lot of Binance Coin to be able to participate in launchpads. Still, there is always the risk that a crypto becomes worthless when the project cannot deliver on its promises. Some projects gained tremendously in value: Injective Protocol, Alpha Finance Lab and The Sandbox all gained hundreds to thousands of percent. However, participating in an IEO is also risky: new cryptocurrencies are by definition uncertain. This makes it interesting to participate in the Binance Launchpool, as Binance extensively reviews all projects. At the same time, there are plenty of stories of new crypto coins rising in value by thousands of percent. ICOs or initial coin offerings have a somewhat bad reputation: this is because many scams also take place. You pay for the new tokens with the BNB in your account. Therefore, when you bet 1% of all BNB, you receive 1% of the tokens issued through Binance. This percentage is then multiplied by the number of tokens sold to determine the percentage you will receive. To calculate this, the number of BNB you intend to wager is divided by the number of BNB wagered by everyone else. Step 6: Receive your tokensīinance ultimately calculates how much of the new token you will receive. You can always bet as much BNB as you want. Fill in how much BNB you want to use in total.Įach project has a minimum and maximum amount of the crypto you can receive. If you can participate in the Launchpad for the project in question, you can register. The winners of the lottery can then participate in the IEO within the exchange. You will then receive up to a maximum of 10 lottery tickets for the amount of BNB you hold: for the maximum number of tickets, you need to hold more than 500 BNB.Īfter the BNB holding period, a button will appear with the text claim ticket.
If a project is available, you will see it directly under Launchpad.īinance calculates the average amount of BNB you hold within your account over a certain period of time. Navigate to the Launchpad by holding your mouse over the cubes in the menu and then clicking on Launchpad. You first require fiat money or cryptos to be able to exchange them for BNB. Then enter the amount for which you want to buy Binance Coins.ĭo you need help depositing money or cryptos into your Binance account? Then read through this short guide. You can easily buy BNB by navigating to Trade and then Convert in the menu. Before you can participate in the Binance Launchpads, you require Binance Coin or BNB.
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