Binance Launchpad to conduct token launches as lottery favoring larger BNB holders

Binance announced Sunday that it is changing the sale format of Binance Launchpad from 'first-come-first-served' to a lottery system. Binance users will be able to claim up to five lottery tickets based on their BNB holdings over the 20 days leading up to the lottery draw date. Users with less than 100 BNB will not qualify for a lottery ticket. Binance claims that the lottery draw "will be done via a transparent, randomized system with a random selection of lottery tickets based on tail digits."

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Larry joined crypto research full time in early 2017 and has expertise in capital markets, market structure and early stage DeFi companies/protocols and token economics. He has a background in economics and finance.