Onc I got those the market was opened and I could trade those right away for BNB. As you can see in my case that was only 0.0254 BNB which got me 184 BETA. Once the calculations are completed the token distribution takes place where a portion of your BNB tokens are deducted and instead, you get BETA tokens. This usually takes the public sale token supply and divides it into the total BNB from the base calculation to see how much each investor could buy in as a share from the pool and the number of tokens he would be able to get. The Calculation Period simply took care of the mathematics and the number of BNB that anyone can invest into Beta Finance crypto. Due to a tremendous number of investors, you will see that even if you held 40 BNB on Binance, you might be lucky if you can buy in with a portion of that, anything above 0.10 BNB is great. Next, it followed the Subscription Period until 08-October-2021 where all the BNB held on Binance would be calculated and an average is considered as the max amount that anyone could subscribe to buy-in. The first step for the investors to get a piece of the pie was to hold BNB on Binance platform in order to be calculated as a means of being whitelisted and also to be part of the calculation through which each investor can buy in a proportional amount of BETA cryptocurrency. And today I have just participated in the Beta Finance launch and I will describe below the entire process.īeta Finance is a permissionless money market for lending, borrowing, and short-selling crypto which was added to the Binance Launchpad. Having a tremendous pool of users usually, the launchpads are very successful and provide x10 profits and more considering the Binance due diligence for the launched projects that are happening once a month or few months. The Launchpad is a module that supports new crypto through a ready-to-go fundraising platform and is risk-free from being a target from bad actors through proven security and experience.

Binance Launchpad allows emerging projects to raise capital from a platform that is already used by most of the crypto world. The Coin98 (C98) BEP-20 smart contract is available here and ERC-20 smart contract is available here.For detailed calculation rules, click here. Reminder: There is a hard cap of 20,000 USD (266,666.667 C98 or 66.7758 BNB) that can be allocated per user.Once deducted, your C98 and remaining BNB tokens will both be transferred to your spot wallet. The final C98 token allocation results will be revealed at 11:00 AM (UTC), at which point the respective BNB will be deducted from your already-locked BNB amount within 30 minutes.After the subscription period ends at 10:00 AM (UTC), the C98 token allocation calculation will begin and will take a total of 1 hour.

Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution.

If your BNB is in other accounts such as Launchpool or BNB Vault, you will need to redeem them to your spot wallet first before committing.

Important: Only BNB in user spot wallets can be used to commit.

The maximum amount of BNB that each user can commit has been calculated based on their past 7-day average BNB balance.

Users must also sign the C98 Token Purchase Agreement prior to committing their BNB.

Users will have 4 hours to subscribe by committing their BNB tokens between 06:00 AM (UTC) and 10:00 AM (UTC).

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