As per the performance analysis of the top 25 Cryptocurrencies by Market Capitalization, it is evident Binance Coin (BNB) is leading the race with a (YTD) gain of +181.44% followed by Ontology (ONT) with a (YTD) gain of +102.69%.
At press time Binance Coin (BNB) price is reported to be around $16.73 with a Market Capitalization of $2.36B. The coin has managed to maintain a bullish movement despite the bear market trend.
As reported by CoinMarketFeed on 24th March Binance Launchpad an Initial Exchange Offering (IEO) platform powered by Binance, has introduced a new lottery format for their next crypto project.
As per the report released on their official blog by Binance Launchpad “Number of tickets a user can claim is relevant to the amount” of Binance Coins (BNB) they hold. Also, Binance account holders “will be given a 24 hour period” during which they can decide upon how many tickets to enter.
The newest token launch drew a significant objection from BNB hodlers, beside some calling the arrangement foul and blaming the trading platform of catering only to BNB whales. To this, Binance’s CEO and Founder, CZ responded by tweeting,