Binance Launchpad, the exclusive token launch platform of Binance that helps transformative blockchain startups raise funding to develop their products and drive user adoption, has completed the sale of Cartesi tokens. This is the second token sale of Binance Launchpad this year.
The token sale was conducted through a single session where participants purchased Cartesi (CTSI) tokens using BNB. In this session, all 1,000,000,000 CTSI tokens were sold to Launchpad participants who drew and claimed winning lottery tickets.
The timeline below provides an overview of how the Cartesi token sale was conducted:
April 21, 2020, 00:00 (UTC): Binance Launchpad ended the 7-day period for recording BNB balances on an hourly basis each day.
April 21, 2020, 06:00 (UTC): The ticket claim process opened for all eligible users for a 24-hour period. Users could also sign the Token Purchase Agreement during this time.
April 22, 2020, 06:00 (UTC): The ticket claim process closed. 22,169 users participated in the lottery claiming a total number of 155,585 tickets. Binance Launchpad began the lottery draw.
April 22, 2020, 08:00 (UTC): Binance Launchpad announced that there are 7,500 winning tickets, held by 7,356 total winners. That puts the percentage of winning participants at 33.18% of all 22,169 users and the percentage of winning tickets at 4.82% of all 155,585 tickets claimed. The winners’ BNB balances will be deducted based on their number of winning tickets within 24 hours. If you won ticket(s) in the lottery, please ensure that you have sufficient BNB in your account.
Cartesi is a Layer 2 Linux infrastructure for the development and deployment of decentralized applications (DApps). Cartesi aims to bring mainstream productivity to DApp developers and a compelling experience for DApp users. Cartesi enables developers to code their DApps to run under the Linux operating system, greatly reducing the development cost and complexity, and making them portable across-chains. These Linux DApps are scalable, allowing for intensive computations at a greatly reduced cost, while still guaranteeing consensus for the parties involved. By making developers vastly more productive and giving them access to unlimited computational resources, Cartesi paves the way for a new wave of innovation and widespread adoption.
For more information about Cartesi tokens, read this comprehensive Cartesi research paper provided by Binance Research on the project.