Binance CEO Changpeng Zhao has claimed that the next phase of Binance Launchpad will be announced on April 2, 2019.
Binance Launchpad is a token listing platform for new projects.
Notably, on March 24, 2019, the cryptocurrency exchange had stated that it had made a few changes to the token sale format. This prompted curious members of the community to anticipate an imminent launch of a new cryptocurrency project on the Launchpad platform.
Binance Launchpad Returns on April 2, 2019
Replying to a question posted on Twitter, Changpeng Zhao said that he had suggested April 1, 2019 as the date for the launch of the next phase of Binance Launchpad. However, the team expressed certain reservations, forcing him to set a tentative timeline for April 2, 2019, instead.
There is no official confirmation of the exact date and time by Binance, yet.
In a blog post published on March 24, 2019, Binance announced several notable changes to its Launchpad token sale format.
Most importantly, the cryptocurrency exchange will now use a lottery system instead of the existing ‘first come first serve basis’ for interested investors.
Explaining its move, Binance said that it had received mixed feedback on its earlier policy, causing the team to change the format.
Binance Launchpad Token Sale Modifications
Users looking to participate in Binance Launchpad can now claim lottery tickets.
The number of lottery tickets a user claims is directly proportional to the amount of BNB tokens held by applicants over a 20-day period leading up to the lottery date.
Eligible users can claim a maximum of five lottery tickets if they maintain an average balance of more than 500 BNB tokens throughout the period.
What do you think of Binance’s new format for its token sale? Will you try to participate in the next Binance Launchpad event? Let us know your thoughts in the comments below!