Fellow Binancians,
Binance is excited to announce the next project on Binance Launchpad - Band Protocol (BAND). The Band token sale will follow a lottery & airdrop format, with the recording of user BNB balances already having started at 2019/08/17 00:00 AM (UTC).
Please note that we have made the following change to the lottery rules for this session, as previously announced:
BAND Airdrop Details
For this Launchpad session, a pool of 631,800 BAND tokens (approx 300,000 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.
Example: User A claimed 3 tickets but did not have a winning ticket. The total amount of tickets across all users that did not have a winning ticket is 400,000 tickets. In this scenario, User A will receive an airdrop of 4.7385 BAND (631,800 BAND / 400,000 X 3).
BAND Token Sale Details:
Lottery Timeline:
Lottery Ticket Allocation
Users will be able to claim up to a maximum of 10 lottery tickets based on their daily average BNB holdings (represented by X below) over the 30-day 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 |
1 |
100 ⤠X < 150 |
2 |
150 ⤠X < 200 |
3 |
200 ⤠X < 250 |
4 |
250 ⤠X < 300 |
5 |
300 ⤠X < 350 |
6 |
350 ⤠X < 400 |
7 |
400 ⤠X < 450 |
8 |
450 ⤠X < 500 |
9 |
>=500 |
10 |
Average BNB Holdings Calculation
An example of the average BNB holdings calculation for each user is below.
Day |
Average BNB Holdings on each Day |
2019/08/17 |
100 BNB |
2019/08/18 |
100 BNB |
2019/08/19 |
100 BNB |
2019/08/20 |
100 BNB |
2019/08/21 |
50 BNB |
2019/08/22 |
50 BNB |
2019/08/23 |
50 BNB |
âŚ... |
âŚ... |
2019/09/09 |
70 BNB |
2019/09/10 |
70 BNB |
2019/09/11 |
80 BNB |
2019/09/12 |
80 BNB |
2019/09/13 |
80 BNB |
2019/09/14 |
80 BNB |
2019/09/15 |
80 BNB |
30-Day Average BNB Holdings |
(100 + 100 +...+ 80 + 80) / 30 = 77.3 BNB |
Total Eligible Ticket(s) |
1 Ticket |
To learn more about Band (BAND), read Binance Research's in-depth report here.
For more details on our 9th Launchpad project Band, read our blog post: Binance Launchpad To Host The Token Sale of Band Protocol.
Band Project Links:
Website: https://bandprotocol.com/
Whitepaper: Band (BAND)
Telegramďźhttps://t.me/bandprotocol
Twittter: https://twitter.com/bandprotocol
Medium: https://medium.com/bandprotocol
Please note:
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:
Afghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, Congo Republic, CĂ´te d'Ivoire, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Korea (North), Kyrgyzstan, Lebanon, Liberia, Libya, Myanmar, Macedonia, Serbia, Somalia, South Sudan, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Venezuela, Yemen, Zimbabwe.
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
2019/09/06
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