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Introducing the Harmony (ONE) Token Sale on Binance Launchpad

Introducing the Harmony (ONE) Token Sale on Binance Launchpad

2019-05-16 04:37

Fellow Binancians,

Binance is excited to announce the next project on Binance Launchpad - Harmony (ONE). The Harmony token sale will also follow a lottery format, with the recording of user BNB balances starting at 2019/05/19 23:59:59 (UTC).

We have made two changes to the lottery rules for this session:

  1. We will now calculate the average BNB holdings on each account over the holding period. This is calculated as the average of your BNB balance at 23:59:59 (UTC) each day in the 7-day (8 snapshots) period. An example of this calculation is provided further below.
  2. Users are able to sign the Token Purchase Agreement up until the end of the ticket claim period.

Please ensure that you follow the timeline further down below carefully if you wish to participate.

Token Sale Details:

  • Launchpad Session Time: 2019/05/27 06:00 AM (UTC) to 2019/05/29 08:00 AM (UTC). Recording of BNB balances starts at 2019/05/19 23:59:59 (UTC).
  • Token Name: Harmony (ONE)
  • Hard Cap: 5,000,000 USD
  • Total Token Supply: 12,600,000,000 ONE
  • Total Tokens Allocated to Binance Launchpad: 1,575,000,000 ONE (12.5% of Total Token Supply)
  • Public Sale Token Price: 1 ONE = 0.003175 USD (price in BNB will be determined on the lottery draw date)
  • Token Sale Format: Lottery
  • Max Number of Winning Lottery Tickets: 16,666
  • Allocation Per Winning Ticket: 300 USD (94,503.78 ONE)
  • Supported Sessions: BNB only
  • Harmony (ONE) will be issued on Binance Chain as a BEP2 asset.

Lottery Timeline:

  • From now until 2019/05/19 23:59:59 (UTC): Users can begin depositing or purchasing BNB into your account.
  • 2019/05/19 23:59:59 (UTC): User BNB balances start to be recorded at this time, and will continue to be recorded at 23:59:59 (UTC) each day for another 7 days (total of 8 snapshots).
  • 2019/05/26 23:59:59 (UTC): Final BNB balances in user accounts are recorded to determine eligibility to claim lottery tickets.
  • 2019/05/27 06:00 (UTC): Ticket claim opens for all eligible users for a 24 hour period. Users can also sign the Token Purchase Agreement during this time.
  • 2019/05/28 06:00 (UTC): Ticket claim closes and the lottery draw begins.
  • 2019/05/28 08:00 (UTC): Winning tickets are announced and the respective BNB will be deducted from the winning users’ accounts. Please ensure you have sufficient BNB in your account to be deducted within 24 hours if you have a winning ticket.

Average BNB Holdings Calculation

An example of the average BNB holdings calculation for each user is below.

Snapshot (UTC)

BNB Holdings

Snapshot 1: 2019/05/19 23:59:59

100 BNB

Snapshot 2: 2019/05/20 23:59:59

100 BNB

Snapshot 3: 2019/05/21 23:59:59

100 BNB

Snapshot 4: 2019/05/22 23:59:59

100 BNB

Snapshot 5: 2019/05/23 23:59:59

50 BNB

Snapshot 6: 2019/05/24 23:59:59

50 BNB

Snapshot 7: 2019/05/25 23:59:59

50 BNB

Snapshot 8: 2019/05/26 23:59:59

50 BNB

Average BNB Calculation

(100 + 100 + 100 + 100 + 50 + 50 + 50 + 50) / 8 = 75 BNB

Total Eligible Ticket(s)

1 Ticket

 

Lottery Ticket Allocation

Users will be able to claim up to a maximum of 5 lottery tickets based on their average BNB holdings at a snapshot time of 23:59:59 (UTC) each day over the 7 days (8 snapshots) leading up to the lottery draw date (represented by X below).

For example, 50 ≤ X < 200 means that your average BNB balance over the entire 7-day (8 snapshots) period is kept at 50 BNB or more, but does not exceed 200 BNB.

7-Day (8 Snapshot) Average BNB balance (X)

No. of Lottery Tickets

50 ≤  X < 200

1

200 ≤  X < 300

2

300 ≤  X < 400

3

400 ≤  X < 500

4

X ≥ 500

5

 

Harmony Project Links:

Website: https://harmony.one

Whitepaper: Harmony Protocol

Telegram: https://t.me/harmony_one

Reminder: Users need to complete their account verification and also be from an accepted jurisdiction to participate in this token sale.

* Users from the following countries will not be able to participate in token sales on the Binance Launchpad platform: Albania, Belarus, Bosnia & Herzegovina, Burma, Central African Republic, Democratic Republic of Congo, Democratic People’s Republic of Korea, Cote D’Ivoire, Cuba, Iran, Iraq, Kosovo, Lebanon, Liberia, Libya, Macedonia, Moldova,Serbia, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, Zimbabwe, Afghanistan, Burundi, Canada, Cambodia, Ethiopia, Guinea-Bissau, Guinea, Kyrgystan, Laos, Malawi, Malaysia, Mali, Mozambique, Myanmar (Burma), New Zealand, Sri Lanka, Tanzania, Thailand, Timor-Leste, Trinidad & Tobago, Tunisia, Turkmenistan, Uganda, United States of America (USA), Uzbekistan.

Risk warning:

All investments are subject to high market risk. Please make your investments very cautiously. Binance will choose high-quality projects, but will not be responsible for any investment losses.

Thanks for your support!

Binance Team

2019/05/16

 

Find us on

Telegram: https://t.me/binanceexchange

Twitter: https://twitter.com/binance