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The New Format Of Binance Launchpad Provoked Users’ Negative Reactions

25 March 2019 11:57, UTC
The New Format Of Binance Launchpad Provoked Users’ Negative Reactions

On March 24, Binance published a post in its blog about the introduction of new lottery format for the next Binance Launchpad project. The main issue is that in order to take part in a token sale, the user needs to be a holder of BNB cryptocurrency — and the number of owned tokens affect the lottery directly.

Unlike most of the innovations of the popular crypto exchange, this news caused a negative reaction of the community. People didn’t like the transition from the old "first-come-first-served system" to the “lottery” format. Users criticize that the new format discriminated "poorer" investors: the 20-day minimum BNB balance must be at least 100 BNB to be able to claim any lottery tickets. Some of them complained on Twitter:

The CEO of Binance Changpeng ZHAO responded to the comments instantly and noted that he is ready to address most popular concerns and consider the possibility of amending the newly proposed token sale format.

Image from Binance website



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