Binance developers recently announced that they will be introducing a new lottery format for their next crypto project. The project will be released through Binance Launchpad. The news came through a blog post on Binance’s website.
Per the post, the “number of tickets a user can claim is relevant to the amount” of Binance Coins (BNB) they hold.
The exact number of tickets a user will be determined over a 20 day period. Also, if a user can maintain a good balance for the aforementioned period, they will be awarded a maximum of 5 tickets per account.
Furthermore, the lottery draw will be carried out through “a transparent, randomized system with a random selection of lottery tickets based on tail digits. For instance, if a user keeps up to 199 BNB in their Binance account, they will receive 1 lottery ticket, to participate in the exchange’s lottery program.
Each lottery ticket will have a unique number. If in case a user claims multiple lottery tickets, the numbers will be consecutive.
For every new token project introduced through Binance Launchpad, the exchange will release the number of potential lottery ticket winners.
Also, Binance account holders “will be given a 24 hour period” during which they can decide upon how many tickets to enter.
Recently, Binance Launchpad facilitated the launch of the Celer Network token sale, which started on March 19 and ended in 17 minutes. Platforms which have used Binance Launchpad to conduct their token sales include BitTorrent token (BTT) and Fetch.AI (FET).
On 12th March, CoinMarketFeed reported, CZ, Binance CEO recently tweeted about the world’s first live property auction using cryptos. The auction will commence on April 8th, 2019.
The auction will use a borderless payment system. Per the blog post, James Pratt Auction will conduct the onsite auction. The auction is said to set unprecedented standards in design excellence, liveability, and engineering.
Trigon Trading a firm that facilitates high volume over-the-counter (OTC) trades in bitcoin, ether, litecoin, and XRP, will be assisting NuYen exchange in settling the BTC to Australian dollars (AUD) real estate auction.
The beachfront residence located on 1 Beech Lane, Casuanna, New South Wales (NSW), draws inspiration from Google Architecture. The property has been built per futuristic design needs, where buildings are geometrical in shape and use glass, concrete, and steel.