News

Binance To Launch The 31st Launchpad Project, BNB Surged More Than 5%

Key Points:

Binance will launch the 31st Launchpad project Open Campus (EDU) and open a special BNB session.
This sale will be based on the investment model. The position determines the amount that the user can invest.
The snapshot cycle of BNB holdings: from 2023-04-23 00:00 (UTC) to 2023-04-28 00:00 (UTC).

Binance, the world’s largest crypto exchange by trading volume at the moment, has announced a new launchpad project called Open Campus.

Binance To Launch The 31st Launchpad Project, BNB Surged More Than 5% 3

According to the statement from the crypto exchange Binance, Open Campus (EDU) has become the 31st project to be launched on Binance Launchpad. The token sale for Open Campus will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2023-04-23 00:00 (UTC).

This is an educational project with many Chinese partners, such as Animoca Sandbox and Hooked. The official website does not even have information on investors and teams.

Here are the specifics of this launchpad:

Preparation Period 2023-04-23 00:00 (UTC) to 2023-04-28 00:00 (UTC): User BNB balances will be computed in hourly snapshots for each day over a five-day period at this time. The maximum amount of BNB that users may commit later will be determined by their final average daily BNB balance over these five days.
Subscription Period 2023-04-28 06:00 (UTC) to 2023-04-28 09:00 (UTC): A three-hour subscription period will begin at this moment for all eligible users. Before pledging their BNB, users must additionally sign the Token Purchase Agreement.
Calculation Period 2023-04-28 09:00 (UTC) to 2023-04-28 10:00 (UTC): Subscription closes, and token allocation calculation starts.
Final Token Distribution 2023-04-28 10:00 (UTC): The final token allotment for users will be determined, and the relevant BNB amount will be subtracted from their already-locked BNB amount. Their EDU and BNB tokens will be sent to their spot wallet once.

Immediately after the launchpad news was announced, BNB jumped more than 5% and is currently trading at $329.6.

BNB price chart. Source: TradingView

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.