Top Crypto Exchange By Activity Announces Matic (MATIC) Token Sale Via Its Binance Launchpad
Binance Announces Matic (MATIC) Token Sale On Binance Launchpad
Another sale is set to happen on Binance Launchpad, one of the most successful crowdfunding platforms ever created in the crypto industry. Now, the company will sell Matic tokens in its fourth sale.
This new sale will happen on April 24, 8 a. m. UTC. The token supply will be 10 billion MATIC tokens and 1,9 billion will be sold at the Binance Launchpad sale. Each token will cost less than a penny, $0.00263 USD.
The major difference this time is that the company will use its new rules for the first time and the sale will happen in a lottery format. Instead of the old first-come-first-served system, the company would let people be eligible to participate in the lottery due to the amount of BNB tokens that they hold over a 20-day period.
With this new system, the more tokens you have, the more tickets you get, up from one ticket if you hold at least 100 BNB tokens to five if you hold 500 BNB tokens or more. A total of 16,666 lottery tickets will be distributed.
The Matic Network is a Layer 2 scaling solution that uses sidechains in order to ensure the safety of the network. The company has been a well-known contributor to the Ethereum ecosystem so far and several projects are set to be created and integrated with this project.
Matic will also soon be launched in the Plasma wallet.
About The Binance Launchpad
Created by the largest crypto exchange in the world in January 2019, Binance, the Binance Launchpad is a very successful initiative. The platform already has made three launches so far: BitTorrent (BTT), Fetch.AI (FETCH) and Celer Network (CELR).
All the sales were quickly sold out and not a single one took more than a whole hour to sell all the tokens, which even prompted users to complain that they were left out due to the huge demand. This is the reason why the rules have been changed recently.