Please make your investments very cautiously. Virgin Islands), Venezuela, Yemen, Zimbabwe.Īll investments are subject to high market risk. * Users from the following countries will not be able to participate in token sales on the Binance Launchpad platform:Īfghanistan, Albania, Belarus, Bosnia and Herzegovina, Burundi, Central African Republic, Congo Republic, Côte 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. Reminder: Users need to complete their account verification and also be from an accepted jurisdiction to participate in this token sale. From the 9th Launchpad project and onwards, the BNB holding period will remain at 30 days.įor more details on our 9th Launchpad project Band, read our blog post: Binance Launchpad To Host The Token Sale of Band Protocol. To learn more about Band (BAND), 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 30-day period leading up to the lottery draw date.Īn example of the average BNB holdings calculation for each user is below. 7 08:00 AM (UTC): After this time, we will airdrop BAND tokens to all participants that did not have a winning ticket.Please note that BNB in open orders, margin accounts or lending products will not be able to be deducted. Please ensure you have sufficient BNB in your spot exchange account to be deducted within 24 hours if you have a winning ticket. 7 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from each winning users’ accounts.7 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. 6 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 30 days will determine the number of tickets that you will able to claim. 7 00:00 AM (UTC) to 6 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 30-day period.BAND will initially be issued as an ERC-20 asset.Allocation Per Winning Ticket: 300 USD (634.25 BAND).Max Number of Winning Lottery Tickets: 19,500.Public Sale Token Price: 1 BAND = 0.473 USD (price in BNB will be determined prior to the lottery draw date).Total Tokens Allocated to Binance Launchpad: 12,368,200 BAND (12.37% of Total Token Supply).In this scenario, User A will receive an airdrop of 4.7385 BAND (631,800 BAND / 400,000 X 3). 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. įor 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 final BNB holding amount for each user will be determined as the average of the 30 days, but using the Daily Average BNB Balance calculation previously announced here.
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