Binance is a platform that has been considered to be the world's leading exchange when looking at the volumes that are traded. They have just announced that they will be hosting a blockchain gaming token designed by Tron.
More on the new launch
It's referred to as WINK, one that is a rebrand of the trendy gaming platform referred to as TRONbet. Considered to be the highest-ranked dApps for Tron used on tracking sites like the DAppRadar together with the Dap preview.
With the new token design, it will first be launched as an IEO, initial exchange offering, all this will be done on the Binance Launchpad. It is a platform that is able to both fund and also is in a position to invest in several promising projects.
At the moment, this is the seventh project that has been launched, but it is the very first projected that is dedicated to a gaming project. It has been seen to be a sector that can offer very promising rewards; all this is according to the Founder and the CEO of Binance, Changpeng Zhao.
At the moment Binance Launchpad has been able to raise about $27.2 million, this is for the IEOs. This is all according to a report presented by CoinGecko. The demand on the market has been very extreme and we find that IEO's in the market are getting quickly sold out in just a matter of minutes.
Thus, this leads to the introduction of a new system that is like a lottery. With this system, the user will be required to have a specific amount of Binance Tokens, which is BNB, and only then they will be able to qualify.
“Compared to centralized marketplaces, decentralized gaming platforms provide a wide range of tangible benefits from allowing users to keep complete custody of their funds, to fairness and security ensured by auditable smart contracts,” he said in the announcement. “We hope that hosting WINk on Binance Launchpad will showcase the advantages of blockchain-based gaming and help advance this space for others.”
The WINK IEO
It was able to gain a market cap of about $6 million. It will also follow the format and also have a one-week holding of the BNB. What this means to you as a user on the platform is, you will need to hold the BNB for about seven days before you can receive your lottery ticket.
They have established a maximum of 200,000 winning lottery tickets, and from this, they have allocated about $30 to each of the winning tickets. Might seem like a small figure for most users, but it is worth something.