While most market capitalization's most valuable cryptocurrency divide a lot from their all-time-high (ATH) dollars, Binance Coin is on its way to creating its new maximum in the coming months.
While Bitcoin is currently almost 80% higher than its maximum minus and Ethereum with Ripple more than 90%, Binance Coin is only 31% of $ 24.37 that it reached 443 days ago. Given the current bear market, where more than $ 600 billion has been lost from the market, this is an incredible piece.
Binance Coin is growing steadily thanks to the news that comes with the Binance Stock Exchange. However, the growth over the past 24 hours is due to one particular report. Binance announced on its official blog yesterday that it is changing the conditions for joining Binance Launchpad, which is a sort of internal advance sale of new hopeful cryptoprojects. Binance Launchpad has successfully implemented BitTorrent (BTT), Fetch AI (FET) and Celer Network (CELR) pre-sales.
It should be pointed out that there is a great deal of interest among the speculators in joining the Binance Launchpad, because the token price is significantly lower than the anticipated increase in their value on the stock market (the value of the BTT and FET tokens has increased more than fourfold compared to pre-sale). Of course, this is not an investment advice.
While it has been possible to join this pre-sale without the condition of holding more Binance Coin (BNB), now it is changing.
The new rules support the growth of the BNB price
According to the new rules, only the Exchange customers who will have at least 100 BNBs will be able to participate in the next launch of Binance (currently more than $ 1600). But that may not be enough. In addition, they must be drawn in a subsequent lottery.
To put it simply, to join the closest Binance Launchpad, you must sign up for a lottery. You will have one to five tickets in it, depending on the amount of Binance Coin you hold on your account during the previous 20 days (on average).
If you own on average between 100 and 200 BNBs, you will get 1 ticket per lottery.
If between 200-300, you get 2 tickets.
If between 300-400, you get 3 tickets.
if between 400-500, you get 4 tickets.
If more than 500, you get 5 tickets.
Binance points out that even if you had, for example, an average of 201 BNB tokens over the last 20 days, but the day before your draw, your BNB tokens will drop to 199, you only get 1 ticket.
Summa summarum, Binance significantly contributes to the growth of Binance Coin (BNB) by this step. Given the current popularity of Binance Launchpads, it was to be expected that the Stock Exchange would take a step to boost the growth of its own cryptocurrency, whether it be nice or not.
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