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Binance Launchpad: Troy Sale Results

2019-12-04

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 TROY tokens. This is the eleventh token sale of Binance Launchpad this year and the eighth token sale under the lottery rules.

The token sale was conducted through a single session where participants purchased Troy (TROY) tokens using BNB. In this session, all 800,000,000 TROY tokens were sold to Launchpad participants who drew and claimed winning lottery tickets. In addition, 30,000,000 TROY tokens will be split and airdropped to all Launchpad participants that do not have a winning ticket.Binance will also airdrop a pool of 10,000,000 TROY tokens (approx 50,000 USD) to users with account verification from an eligible country or region who did not claim tickets, but held at least 50 BNB.

The timeline below provides an overview of how the Troy token sale was conducted:

December 03, 2019, 00:00 (UTC): Binance Launchpad ended the 30-day period for recording BNB balances on an hourly basis each day. 

December 03, 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.

December 04, 2019, 06:00 (UTC): The ticket claim process closed. 15,605 users participated in the lottery claiming a total number of 88,632 tickets. Binance Launchpad began the lottery draw.

December 04, 2019, 08:00 (UTC): Binance Launchpad announced that there are 20,000 winning tickets, held by 11,949 total winners. That puts the percentage of winning participants at 76.57% of all 15,605 users and the percentage of winning tickets at 22.57% of all 88,632 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.

Binance Launchpad will also airdrop a total of 30,000,000 TROY to the 3656 participants who did not hold any winning tickets. We will distribute 5,490.48316 TROY for each of the 5,464 tickets held by those who did not win in the lottery.

Troy is a global prime broker specialized in crypto trading and asset management. Troy is focused on institutional clients and professional traders, providing them with various products such as spot and margin trading, derivatives, staking, settlement and custody services. Using a single interface, Troy provides its clients access to an aggregated liquidity from crypto exchanges available on the platform as well as sophisticated market analyzing tools, including social and media data. Troy’s team has already integrated more than 30 crypto exchanges and over 500 cryptocurrencies.

For more information about TROY tokens, read this comprehensive Troy research paper provided by Binance Research on the project.