Binance launch pad to check its Lottery With Matic Network
Binance Launchpad, the token sale platform of major cryptocurrency exchange Binance, aims to test its new approach to a token sale with Matic Network, a developer of a Layer 2 scaling solution, on April 24.
The project looks to raise c. USD 5 million worth of BNB, which is the native token of Binance, at c.
USD 0.00263 per token (MATIC) for nineteen of their total token offer, the exchange announced on Monday.
It compares with the USD zero.00079 seed sale token worth and therefore the USD zero.0026 "eguity early supporters token price."
As reported last week, Binance announced new rules for token sale on Binance Launchpad that would increase demand for BNB. Therofere, the MATIC token launch will be conducted as a lottery, instead of a first-come-first-served system.
The number of tickets one will claim depends on the quantity of BNB one holds over a 20-day amount during a Binance account leading up to the day of
the lottery, up to a most of five tickets per eligible account.