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#Binance launchpad website verification

Reminder: Users need to complete their account verification and also be from an accepted jurisdiction to participate in this token sale. For example, if the 9th Launchpad project is announced on August 30th with the final BNB holding date set on September 9th, that would mean the BNB holding period started on August 10th.

Going forward, the BNB holding period may also start before each Launchpad project is initially announced.

Starting from the 9th Launchpad project and onwards, the BNB holding period will be set at 30 days.

įor more details on our 8th Launchpad project Perlin, read our blog post: Binance Launchpad announces upcoming token launch of Perlin, startup developing the fastest public blockchain. To learn more about Perlin (PERL), read Binance Research's in-depth report here. 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 15-day period leading up to the lottery draw date.Īn example of the average BNB holdings calculation for each user is below.

6 08:00 AM (UTC): After this time, we will airdrop PERL tokens to all participants that did not have a winning ticket.

Please ensure you have sufficient BNB in your account to deduct be deducted within 24 hours if you have a winning ticket.

5 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from the winning users’ accounts.

5 06:00 AM (UTC): Ticket claim closes and the lottery draw begins.

Please note that users will only be able to claim tickets once. Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim.

4 06:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period.

Your final average daily BNB balance over these 15 days will determine the number of tickets that you will able to claim.

9 00:00 AM (UTC) to 4 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 15-day period.

PERL will initially be issued as an ERC-20 asset.Allocation Per Winning Ticket: 500 USD (6,457.45 PERL).Max Number of Winning Lottery Tickets: 13,400.Public Sale Token Price: 1 PERL = 0.07743 USD (price in BNB will be determined prior to the lottery draw date).Total Tokens Allocated to Binance Launchpad: 86,530,500 PERL (8.38% of Total Token Supply).

In this scenario, User A will receive an airdrop of 29.05 PERL (3 / 400,000 x 3,874,500 PERL). The total amount of tickets across all users that did not have a winning ticket is 400,000 tickets. Please note that if you do have a winning ticket, you will not be eligible for the airdrop.Įxample: User A claimed 3 tickets but did 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. An airdrop pool of 3,874,500 PERL (approx 300,000 USD) will be split and distributed to eligible participants after the lottery draw.įor this Launchpad session, a pool of 3,874,500 PERL tokens will be split and airdropped to all launchpad participants that do not have a winning ticket.The number of tickets claimable and the corresponding amount of BNB required for each category has also been updated to 10 levels, as outlined further below.The final BNB holding amount for each user will be determined as the average of the 15 days but using the Daily Average BNB Balance calculation previously announced here. Binance will record user BNB balances for 15 days from 9 00:00 AM (UTC) to 4 00:00 AM (UTC).Please note that we have made the following change to the lottery rules for this session: The Perlin token sale will follow a lottery & airdrop format, with the recording of user BNB balances starting from 9 00:00 AM (UTC). Binance is excited to announce the next project on Binance Launchpad - Perlin (PERL).