Binance Launchpad in its Token Sale Results

February 5, 2020 | Wednesday



Binance Launchpad is the Binance's token launch platform. And it has announced WazirX's token sale results, the first token sale of this year. Based on a press release on February 4, there were 10,000 winning tickets held by a total of 9.033 winners. Over 20,000 users participated in trying and winning the lottery. Then, more than 136,000 tickets were claimed. The chances of winning for all the participants are at 44 percent, putting the percentage of winning tickets at 7.31%. Furthermore, they've conducted the WazirX token sale through a single session where participants bought WazirX (WRX) tokens using BNB. During the event, all 100,000,000 WRX were sold to Launchpad participants who drew and claimed winning lottery tickets. Also, Binance Launchpad stated that the winners' BNB balances would be deducted based on the number of tickets that they won within 24 hours. Moreover, WazirX is the leading bitcoin exchange in India. And it has an auto-matching peer-to-peer engine. It promotes itself as working to resolve the fiat-to-cryptocurrency conversion problem and simplifying the method of depositing and withdrawing fiat. They would list WazirX on Binance starting tomorrow. And its trading will open for WRX/BNB, WRX/BTC, and WRX/USDT trading pairs on February 5. In a report earlier last year, the leading crypto exchange Binance revealed major changes to the arrangement of its Launchpad token sale in a post on its blog. In the announcement, the firm will utilize a new lottery format for the next project on Binance Launchpad. Before, the system worked on a first-come, first-served basis. And this left a lot of users who joined high-demand sale queues without tokens.

Elsewhere, declared a smart contract blockchain puzzle, showing off a $200,000 prize for whoever figures it out. The February 3 announcement stated, "In this challenge, participants must create an EOSIO Smart Contract which can store and invoke EVM (Solidity) Smart Contracts in a virtual Ethereum-like environment." Aside from that, the EOSIO blockchain hosts the EOS crypto asset. And as a delegated proof-of-stake blockchain touting smart contracts, developers can make decentralized applications on EOSIO. The competition would expire in one year if no one successfully solved the puzzle. Also, the contest ends as soon as someone finishes the problem, with the first entity to complete the puzzle gets the reward. In the competition, it requires the use of EOSIO smart contracts in accordance with specific technical requirements. Also, judges will examine submitted entries about every 90 days.


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