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 Harmony (ONE) tokens. This is the fifth token sale of Binance Launchpad this year and the second token sale under the new lottery rules.
The token sale was conducted through a single session where participants purchased Harmony tokens using Binance Coin (BNB). In this session, all 1.58 billion ONE tokens were sold to Launchpad participants who drew and claimed winning lottery tickets.
The timeline below provides an overview of how the Harmony (ONE) token sale was conducted:
May 26, 2019 23:59:59 (UTC): Binance Launchpad recorded final BNB balances in user accounts.
May 27, 2019 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.
May 28, 2019 06:00 (UTC): The ticket claim process closed. 22,891 users participated in the lottery claiming a total number of 54,076 tickets. Binance Launchpad began the lottery draw.
May 28, 2019 08:00 (UTC): Binance Launchpad announced that there are 16,666 winning tickets, held by 12,977 total winners. That puts the percentage of winning tickets at 30.82%, among all 54,076 tickets claimed. Lottery winners will get 94,503.78 ONE tokens per winning ticket. The winners’ BNB balances will be deducted based on their number of winning tickets within 24 hours. If you won the lottery, please ensure that you have sufficient BNB in your account.
Harmony is a fast and secure blockchain. Built by a team of engineers from Google, Apple, Amazon, Harvard and Stanford, Harmony helps businesses build marketplaces of fungible tokens (such as energy credits and loyalty points) and non-fungible assets (such as game collectibles and real estate). Harmony has a robust ecosystem building strategy focused on creating partnerships that drive adoption of the protocol. At scale, Harmony helps businesses tokenize their assets and incentivize user engagement.
For more information about Harmony (ONE) tokens, read this comprehensive Harmony research paper provided by Binance Research on the project.
*** Users from the following countries will not be able to participate in token sales on the Binance Launchpad platform: Albania, Belarus, Bosnia & Herzegovina, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, Cuba, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova,Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, Zimbabwe, Afghanistan, Burundi, Canada, Cambodia, Ethiopia, Guinea-Bissau, Guinea, Kyrgyzstan, Laos, Malawi, Malaysia, Mali, Mozambique, New Zealand, Sri Lanka, Tanzania, Thailand, Timor-Leste, Trinidad & Tobago, Tunisia, Turkmenistan, Uganda, United States of America (USA), Uzbekistan. This list of excluded countries may be subject to change and may vary from project to project. This post does not constitute investment advice nor should it be misconstrued as such. Certain information set forth in this post contains forward-looking statements and are not guarantees of future actions by Binance or any of its affiliates. All investments are subject to high market risk. Please be cautious when making your investments. While Binance Launchpad exerts utmost care in choosing and supporting transformative blockchain projects, we will not be responsible for any investment losses.