Updates on Daily BNB Balance Calculation for Binance Launchpad Subscription & Launchpool

Fellow Binancians,

As per recent community feedback, we found some users had tested out the snapshot logic for users’ BNB balances and conducted large-scale borrowing of BNB on other platforms for high-frequency BNB deposit and withdrawal. This has resulted in a large number of BNB holdings for these users, which put them at an advantage in participating in Launchpad and Launchpool.

To ensure a fair user experience for all participants, Binance has updated the daily BNB balance calculation mechanism for Binance Launchpad and Launchpool. The update took effect for Binance Launchpad at 2023-03-18 00:00 (UTC), and will take effect for the upcoming Launchpool projects. 

Updates on Daily BNB Calculation Mechanism

• Before: An hourly snapshot to be taken at any point of time. 

• After: Multiple snapshots to be taken at any point of time.

Notes: 

• The update will only apply to Binance Launchpad and Launchpool participants.

• Users’ VIP levels or the referral program will not be impacted by the new rules.

• For Space ID Launchpad participants, their daily BNB balance records will be available on 2023-03-22 at 02:30 (UTC). Users may not be able to view their daily BNB balance records on Binance Launchpad before this time.

We apologize for any inconveniences.

Further Information:

• FAQ on Launchpad Subscription

Thanks for your support!

Binance Team

2023-03-18

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Note: This announcement was last updated on 2023-05-15 to clarify the updates on daily BNB balance calculation will also apply to Launchpool. It was previously updated on 2023-04-21.

Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

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