Now if you hold BNB coin and you want to participate in ICOs, all you have to do now, is hold the Binance token.
Binance Launchpad is why a lot of people call Binance the new Ethereum in terms of that's where companies are seeming to go to launch ICOs.
It seems this lottery format, that's finances solution to letting more people participate in Binance launchpad. Also this means indirectly that more people are going to buy Binance coin.
The Lottery System
Binance now changes the launchpad to lottery ticket system in which participants will be able to claim up to five tickets by holding Binance coin tokens over the twenty days leading up to the lottery.
Participating in Lottery
So, if you want to participate in Binance's next ICO, maybe it could be potentially the next BitTorrent token. If you want just one ticket, that's going to cost you a hundred BNB. The exchange will announce the number of winning tickets and the amount of funds that the owner of the winning tickets will receive.
If you want to participate, this could be good for you in the sense that this randomizes the process, meaning that anybody, not just first-come first-serve, anybody can participate, but make no mistake about it.
The Breakdown of Lottery Ticket Allocation
This is the breakdown. The Lottery draw will be done via transparent randomized system with a random selection of lottery tickets and you can hold it to five.
If you want to buy one lottery ticket, that's going to cost you a hundred BNB coins. Two tickets, 2 hundred, five tickets, you are going to hold at least 500 BNB coins.
You can also read about this here.
Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq
Defended (8.82%)
Summoned by @aftabkhan10
Sneaky Ninja supports @youarehope and @tarc with a percentage of all bids.
Everything You Need To Know About Sneaky Ninja
woosh