She holds, “The NFT ecosystem was excitedly ablaze in late 2021. So, there was a corresponding surge in the price of AXS. According to her, their novelty and uniqueness created an irresistible allure, resulting in their overvaluation. So, What Fueled this Remarkable Surge in AXS Value?Įdith Reads, StockApps’ crypto expert, narrows down AXS’ surge to the skyrocketing demand for Axie Infinity NFTs. That was a 1,649X return, making it Binance Launchpad’s most lucrative project ever.
But that would peak at $164.90 on November 6, 2021. reports that AXS, the project’s native coin, had an initial launch price of $0.10. One such project that rode the NFT wave to unprecedented heights was Axie Infinity. The initiative provides startups the funding needed to bring their projects to fruition. To capitalize on this craze, Binance launched its Launchpad Project. These soon became an attractive option for many NFT investors seeking to make a killing in the then-burgeoning sector. NFT crypto coins underpin the trading and ownership of digital collectables.
Note: This announcement was updated on to reflect changes on the list of restricted countries and regions.īinance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice. Trade on-the-go with Binance’s crypto trading app (iOS/Android) * Users from the following countries or regions will not be able to participate in token sales on the Binance Launchpad platform:īelarus, Cuba, Crimea Region, Democratic Republic of Congo, Iran, New Zealand, North Korea, South Sudan, Syria, United States of America and its territories (American Samoa, Guam, Puerto Rico, the Northern Mariana Islands, and the U.S.
Binance launchpad explained verification#
Reminder: Users need to complete their account verification and also be from an eligible jurisdiction to participate in this token sale. Launchpad Detailed Allocation Calculation and BNB Deduction Rules To learn more about Open Campus (EDU), read Binance Research's in-depth report here. Once deducted, your EDU and BNB tokens will both be transferred to your spot wallet. 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.Ĭalculation Period 09:00 (UTC) to 10:00 (UTC): Subscription closes and token allocation calculation begins.įinal Token Distribution 10:00 (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB.
Subscription Period 06:00 (UTC) to 09:00 (UTC): Subscription will open at this time for all eligible users for a three-hour period. Your final average daily BNB balance over these five days will determine the maximum amount of BNB that you can commit later on. Preparation Period 00:00 (UTC) to 00:00 (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a five-day period. Public Sale Token Price: 1 EDU = 0.05 USD (price in BNB will be determined prior to subscription) Total Tokens Allocated to Binance Launchpad: 50,000,000 EDU (5% of Total Token Supply)
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. (The webpage is estimated to be available in 4 hours)The token sale for Open Campus will follow the Launchpad subscription format, with the recording of user BNB balances starting at 00:00 (UTC).īinance will record user BNB balances for five days from 00:00 (UTC) to 00:00 (UTC). Binance is excited to announce the 31st project on Binance Launchpad - Open Campus (EDU).
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