Binance has announced a new sale model on @binance Launchpad: a lottery, based on bnb holdings.

But wait! To participate in the lottery, you must have at least 100 BNB stored on your balance 20 days before the sale. Whales only?

Summary

– The next Binance Launchpad token launch will be conducted as a lottery, instead of a first-come-first-served system.


The number of tickets you can claim depends on the amount of BNB you
hold over a 20-day period in a Binance account leading up to the day of
the lottery, up to a maximum of 5 tickets per eligible account.


The lottery draw will be done via a transparent, randomized system with
a random selection of lottery tickets based on tail digits (explained
below).

– Account verification (KYC) and country restrictions will still apply.

Lottery Ticket Allocation

Users
will be able to claim up to a maximum of 5 lottery tickets based on
their BNB holdings over the 20 days (represented by X below) leading up
to the lottery draw date.

For example, 100 ≤  X < 200 means that your…

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Source: https://thebitcoinnews.com/the-rothschild-of-crypto-binance-welcomes-the-gamblers/