Binance hosted IEO Band Protocol project

On the Binance Launchpad platform, the BandO startup protocol IEO tokens passed. Binance Exchange shared the results of the token sale.

The percentage of winning tickets determining the right to purchase tokens was 9.43%, which is almost two times higher than in the case of the previous IEO Perlin, where the indicator was about 5%. Thus, at the latest IEO tokens were able to buy less than 10% of those who wish.

But if you recall the results of the previous IEO Matic, the situation is somewhat better. Then the percentage of winning tickets amounted to more than half. Therefore, we can conclude that it becomes more difficult to buy tokens on IEO through the Binance Launchpad, as the number of potential investors is growing.

During the IEO Band Protocol, one person could receive a maximum of 10 tickets, provided that he had 500 or more BNBs in his account during the 30 previous days. According to the new rules, the allocation period for BNB is now not announced in advance and can begin at any time, in addition, the shelf life itself was doubled, however, the number of tickets issued to potential investors turned out to be quite high.

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All tickets that failed to win the lottery (and there are more than 90% of them) will take part in the distribution of tokens for $ 300,000. The distribution will be carried out in proportion to the shares of losing tickets purchased by each participant.

September 18 at 15:00 Moscow time BAND will be added to the Binance trading platform in pairs with BTC, BNB and USDT.

Binance today also announced the addition of Cosmos cryptocurrency (ATOM) to its margin trading section in pairs with BTC and USDT.