Analysis

Introducing the Coin98 (C98) Token Sale on Binance Launchpad!

Announcement from Binance.com

Binance is worked up to announce the twentieth challenge on Binance Launchpad – Coin98 (C98). The token sale for Coin98 will observe the Launchpad subscription format, with the recording of person BNB balances beginning at 2021-07-16 0:00 AM (UTC).
Binance will report person BNB balances for 7 days from 2021-07-16 0:00 AM (UTC) to 2021-07-23 0:00 AM (UTC). The remaining BNB holding quantity for every person can be decided as the common of the 7 days, utilizing the Daily Average BNB Balance calculation beforehand introduced here.

C98 Token Sale Details:

  • Token Name: Coin98 (C98)
  • Launchpad Hard Cap: 3,750,000 USD
  • Hard Cap Per User: 20,000 USD (266,666.667 C98)
  • Total Token Supply: 1,000,000,000 C98
  • Total Tokens Allocated to Binance Launchpad: 50,000,000 C98 (5% of Total Token Supply)
  • Public Sale Token Price: 1 C98 = 0.075 USD (price in BNB can be decided previous to subscription)
  • Token Sale Format: Subscription
  • Supported Sessions: BNB solely

Subscription Timeline:

  • Preparation Period 2021-07-16 0:00 AM (UTC) to 2021-07-23 0:00 AM (UTC): During this era, person BNB balances can be calculated in hourly snapshots for every day over a 7-day interval. Your remaining common each day BNB steadiness over these 7 days will decide the most quantity of BNB that you would be able to commit later on.
  • Subscription Period 2021-07-23 6:00 AM (UTC) to 2021-07-23 10:00 AM (UTC): Subscription will open presently for all eligible customers for a 4 hour interval. Users should additionally signal the Token Purchase Agreement at the identical time, previous to committing their BNB. Please observe that when dedicated, your BNB can be locked and also you will be unable to redeem or entry another capabilities corresponding to transfers, withdrawals or trading till remaining token distribution.
  • Calculation Period 2021-07-23 10:00 AM (UTC) to 2021-07-23 11:00 AM (UTC): Subscription closes and token allocation calculation begins.
  • Final Token Distribution 2021-07-23 11:00 AM (UTC): Your remaining token allocation can be calculated and the corresponding BNB can be deducted out of your already-locked BNB quantity. Once deducted, your C98 and BNB tokens will each be transferred to your spot pockets.
To be taught extra about Coin98 (C98), learn Binance Research’s in-depth report here.

Further info:

Coin98 Project Links:

Reminder: Users want to finish their account verification and in addition be from an eligible jurisdiction to take part on this token sale.

* Users from the following international locations or areas will be unable to take part in token gross sales on the Binance Launchpad platform:

Belarus, Mainland China, Democratic Republic of Congo, Cuba, Iraq, Iran, North Korea, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Zimbabwe.
Risk warning: Cryptocurrency trading is topic to excessive market threat. Please make your trades cautiously. Binance will make greatest efforts to decide on high-quality cash, however is not going to be liable for your trading losses.
Thanks in your help!

Binance Team

2021-07-15

Find us on

Note: This announcement was final up to date on 2021-07-15.
Binance reserves the proper in its sole discretion to amend or change or cancel this announcement at any time and for any causes with out prior discover.

https://www.binance.com/en/support/announcement/6f89120a6dfa4dd2b6a7e14e2912a1e1

Binance

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