Binance is excited to announce the 31st project on Binance Launchpad – Open Campus (EDU) (the webpage is now available).
The token sale for Open Campus will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2023-04-23 00:00 (UTC).
Binance will record user BNB balances for five days from 2023-04-23 00:00 (UTC) to 2023-04-28 00:00 (UTC). The final BNB holding amount for each user will be determined as the average of the five days, using the Daily Average BNB Balance calculation previously announced here.
EDU Token Sale Details:
- Token Name: Open Campus (EDU)
- Launchpad Hard Cap: 2,500,000 USD
- Hard Cap Per User: 15,000 USD (300,000 EDU)
- Total Token Supply: 1,000,000,000 EDU
- Total Tokens Allocated to Binance Launchpad: 50,000,000 EDU (5% of Total Token Supply)
- Public Sale Token Price: 1 EDU = 0.05 USD (price in BNB will be determined prior to subscription)
- Token Sale Format: Subscription
- Supported Sessions: BNB only
Subscription Timeline:
- Preparation Period 2023-04-23 00:00 (UTC) to 2023-04-28 00:00 (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a five-day period. Your final average daily BNB balance over these five days will determine the maximum amount of BNB that you can commit later on.
- Subscription Period 2023-04-28 06:00 (UTC) to 2023-04-28 09:00 (UTC): Subscription will open at this time for all eligible users for a three-hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.
- Calculation Period 2023-04-28 09:00 (UTC) to 2023-04-28 10:00 (UTC): Subscription closes and token allocation calculation begins.
- Final Token Distribution 2023-04-28 10:00 (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your EDU and BNB tokens will both be transferred to your spot wallet.
To learn more about Open Campus (EDU), read Binance Research’s in-depth report here.
Further information:
Open Campus Project Links:
Website | Whitepaper | Twitter | Medium | Discord
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