Participation in the next Binance Launchpad project will be conducted through a lottery format. The move comes following countless community complaints associated with technical issues during the past three token sales. Lottery tickets will be allocated based on the amount of BNB a user holds.
Binance Launchpad Becomes a Lottery
Bitcoinist reported earlier this week that Binance CEO, Changpeng Zhao, hinted for a new model for conducting Binance Launchpad sales which would incentivize Binance Coin users to become ‘hodlers’.
A few short days later, his words appear to have become a reality. Binance Launchpad has announced that the next project will be launched using a lottery-based format, where users will be able to purchase participation tickets.
The catch? The number of tickets one would be entitled to will be entirely based on the amount of Binance Coin (BNB) one holds during a 20-day period prior to the event.
Users will be able to claim up to a maximum of 5 lottery tickets based on their BNB holdings over the 20…