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Updated Rules for Binance Launchpad
Binance
2019-07-18 00:11

Fellow Binancians,

Latest Update:

Binance has updated the calculation of daily BNB holdings, with the scope now including Margin and Sub-accounts. For full details on the latest update, click here.

-------------------------------

Binance will make the following updates and notes to the rules for future projects on Binance Launchpad:

  • The next (7th) Launchpad project will have a 7-day BNB holding period.
  • The 8th Launchpad project will have a 15-day BNB holding period. 
  • Starting from the 9th Launchpad project and onwards, the BNB holding period will be set at 30 days.
  • Going forward, the BNB holding period may start before each Launchpad Project is initially announced. For example, if the 8th Launchpad project is initially announced on August 7th with the final BNB holding date set on August 13th, that would mean the BNB holding period started on July 30th.
  • User BNB balances will return to being snapshotted at 0:00 AM UTC each day
  • BNB in Binance Margin Accounts will not count towards each user’s BNB balance for Launchpad ticket claim.
  • The number of tickets claimable and the corresponding amount of BNB required for each category has also been updated, as outlined below.

Lottery Ticket Allocation

Users will be able to claim up to a maximum of 25 lottery tickets based on their daily average BNB holdings (represented by X below) over the specified period leading up to the lottery draw date.

For example, 50 ≤  X < 100 means that your average BNB balance over the entire specified period is kept at 50 BNB or more, but does not exceed 100 BNB. 

Daily Average BNB balance (X)

No. of Lottery Tickets

50 ≤  X < 100

5

100 ≤  X < 150

10

150 ≤  X < 200

15

200 ≤  X < 250

20

X ≥ 250

25

 

Average BNB Holdings Calculation

An example of the average BNB holdings calculation for each user is below, assuming that a 7-day BNB holding period is required. 

Day #

BNB Balance (at 0:00 AM UTC each day)

Day 1

100 BNB

Day 2

100 BNB

Day 3

100 BNB

Day 4

100 BNB

Day 5

50 BNB

Day 6

50 BNB

Day 7

50 BNB

Average BNB Calculation

(100 + 100 + 100 + 100 + 50 + 50 + 50) / 7 = 78.6 BNB

Total Eligible Ticket(s)

5 Tickets

 

Thanks for your support!

Binance Team

2019/07/18

 

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