Fellow Binancians,

There was a delay in the distribution of LAZIO tokens in today’s Lazio Fan Token (LAZIO) Launchpad token sale, in which some users didn’t receive the LAZIO tokens before LAZIO trading started on Binance. We sincerely apologize for the situation.

Binance always prioritizes user protection, maintaining high standards of transparency with the community. The team conducted a review immediately after the incident. The LAZIO Launchpad broke the Launchpad record with the participation of 225,583 participants, which marked a 20x return for all participants (data as of the announcement time). However, due to the large number of participants, it took the Binance team more time than anticipated to distribute the LAZIO tokens.

To avoid similar situations in the future, the team will further optimize the process, including postponing the listing time and adding manual inspections. The "automatic trading opening" mode is on by default and was on this time.

So far, all LAZIO tokens have been distributed and the remaining BNB committed by participants have been returned to participants’ spot wallets.

We sincerely apologize for any inconvenience caused. Thank you for your understanding and support.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.

Thanks for your support!

Binance Team

2021-10-21

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Note: This announcement was last updated on 2021-10-22.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.