June 19, 2024

Binance Launchpad has published the rules for the next token sale of the Matic Network

Binance Launchpad has published the rules for the next token sale of the Matic Network

Binance announced another project on Binance Launchpad – Matic Network (MATIC). The MATIC token sale will take place in the newlottery format using the new rules previously announced by Binance.

Matic Network – this is a scaling solutionsecond layer, which provides improved throughput thanks to sidechains, while asset protection is achieved through Plasma and Proof-of-Stake (PoS) solutions.

The Matic Network project has made significant contributions toEthereum ecosystem, introducing to the community implementations of Plasma MVP (Minimum Viable Plasma), the WalletConnect protocol, and the popular Ethereum event notification mechanism – Dagger.

The launch of the token sale is scheduled for April 24, 2019at 11:00 (Moscow time) and will end on April 26 at 17:00 (Moscow time), with a total supply of 10,000,000,000 MATIC. MATIC tokens will be sold at a price of 0.00263 USD per 1 MATIC (BNB price will be announced 1 day before the event start date).

The maximum number of winning lottery tickets will be 16,666, and the distribution per winning ticket will be $300 (114,068.44 MATIC).

Users will be able to claim no more than5 lottery tickets based on the amount of BNB in ​​their possession during the 20 days preceding the lottery draw date. It is worth noting that Binance has lowered the minimum participation threshold to 50 BNB.

Don't forget that Binance has already been able toto record profits of over 379% throughout its three initial exchange offerings (IEOs). According to analysts, demand will likely continue to grow, and other exchanges have already followed Binance's lead.

As representatives of the exchange note, the lottery will be completely transparent, however, users must comply with territorial restrictions and the KYC procedure to verify their account.