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:
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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