Binance Completes Kava Lottery Draw and Will Open Trading For KAVA

2019-10-24 08:16

Fellow Binancians,

Binance has completed the Kava lottery draw, with a 9.01% ratio of winning tickets. The results of the lottery draw and airdrop are summarized below.

No. of Digits	Tail Digits Drawn in the Lottery	No. of Winning Tickets
1 Tail Digit	None	Nil
2 Tail Digits	01, 28, 33, 49, 56, 62, 76, 77, 97	14,980
3 Tail Digits	None	Nil
4 Tail Digits	9789	16
5 Tail Digits	50919	2
6 Tail Digits	040919, 049067	2
	Total	15,000

Binance will also open trading for KAVA/BNB, KAVA/BTC and KAVA/USDT trading pairs at 2019/10/25 2:00 AM (UTC).

KAVA Listing Fee: 0 BNB.

Note:

Please ensure that you have sufficient BNB in your account based on the number of your winning tickets. Users will have 24 hours until 2019/10/25 08:00 AM (UTC) to credit their exchange accounts with BNB, at which point the distribution of KAVA will be complete. Please note that BNB in open orders, margin accounts or lending products will not be able to be deducted.
The token purchase price was set at 1 KAVA = 0.02581369 BNB/ 0.46 USD (using a BNB price of 17.82 USD), as per the previous announcement here.
The Kava (KAVA) BEP2 asset page is available here: https://explorer.binance.org/asset/KAVA-10C.

Results for 326,087 KAVA Airdrop!

A pool of 326,087 KAVA tokens (approx 150,000 USD) will be split and airdropped to all launchpad participants that do not have a winning ticket.

The amount airdropped to each participant that does not have a winning ticket will be calculated as = (Number of non-winning tickets held by each non-winning participant / Total number of non-winning tickets across all non-winning participants) x Total Airdrop Pool. Please note that if you do have a winning ticket, you will not be eligible for the airdrop.

Based on the Kava Launchpad lottery results, the total number of tickets claimed by the 15,676 non-winning participants was 76,567. As such, the number of KAVA airdropped for each ticket claimed by a non-winning participant will be 4.25884519 KAVA.

Details:

Further Information:

Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Binance will make best efforts to choose high quality coins, but will not be responsible for your investment losses.

Thanks for your support!

Binance Team

2019/10/24

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