Fellow Binancians,
Binance is excited to bring the Launchpad subscription format to our standard listing process for the AC Milan Fan Token (ACM). Users will be able to purchase ACM tokens using BNB at a 25% discount prior to the trading start time. The subscription period will start shortly at 2021-02-24 5:00 AM (UTC) and will be open for 3 hours.
The recording of BNB balances for this session is already complete, and was recorded for 7 days between 2021-02-17 0:00 AM (UTC) to 2021-02-24 0:00 AM (UTC). This was mentioned in our previous Launchpad announcement, where the recording of BNB balances may start before an announcement is made.
Binance will list AC Milan Fan Token (ACM) and open trading for ACM/BTC, ACM/BUSD and ACM/USDT trading pairs at 2021-02-24 11:00 AM (UTC). Users can start depositing ACM now in preparation for trading.
ACM Discount Sale Details:
- Token Name: AC Milan Fan Token (ACM)
- Discount Sale Hard Cap: 1,000,000 USD
- Hard Cap Per User: 20.57613169 BNB (~5,000 USD or 1,025.6410 ACM, using a BNB price of 243 USD)
- Total Token Supply: 20,000,000 ACM
- Tokens Offered: 205,128 ACM (1.025% of Total Token Supply)
- Discount Sale Token Price: 1 ACM = 0.02006172 BNB (~4.875 USD, using a BNB price of 243 USD)
- Discount Sale Format: Subscription
- Supported Sessions: BNB only
Subscription Timeline:
- BNB Calculation Period 2021-02-17 0:00 AM (UTC) to 2021-02-24 0:00 AM (UTC): During this period, user BNB balances were calculated in hourly snapshots for each day over a 7-day period. Your average daily BNB balance over these 7 days will determine the maximum amount of BNB that you can commit later on.
- Subscription Period 2021-02-24 5:00 AM (UTC) to 2021-02-24 8:00 AM (UTC): Subscription will open at this time for all eligible users for a 3 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. 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.
- Calculation Period 2021-02-24 8:00 AM (UTC) to 2021-02-24 9:00 AM (UTC): Subscription closes and token allocation calculation begins. Detailed calculation rules can be found here.
- Final Token Distribution 2021-02-24 9:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your ACM and BNB tokens will both be transferred to your spot wallet.
Further information:
AC Milan Fan Token Project Links:
Telegram Community: https://t.me/chiliz_io
Telegram Announcements: https://t.me/ChilizNews
Twitter: https://twitter.com/acmilan ; https://twitter.com/Chiliz
Medium: https://medium.com/socios/tagged/ac-milan
Medium: https://medium.com/socios/tagged/ac-milan
Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this discount sale.
* Users from the following countries or regions will not be able to participate in the discount sale:
Belarus, Democratic Republic of Congo,Cuba, Iraq, Iran, Mainland China, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Thanks for your support!
Thanks for your support!
Binance Team
2021-02-24
Trade on the go with Binance’s mobile crypto trading app
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