![]() Once your participation limit is determined, you will be able to commit and lock any amount of BNB up to your participation limit to receive Launchpad tokens. You do not need to stake or do anything additional with your BNB during this period. Your participation limit will be determined by your average BNB balance over a set period of days. Step 1: Calculate your participation limit.How can we participate? How does the new format work? Using User 3 in the third table above for example, if the ABC/BNB price was set at 0.000222222, the final amount of BNB to be deducted from User 3’s locked BNB would be 16,800,000 * 0.000222222 = 3,733.3296 BNB.įrequently Asked Questions on Launchpad Subscriptionġ. ![]() Once the final token allocation is finalized, we will deduct the corresponding amount from each user’s locked BNB balance based on the predetermined ABC to BNB rate.Īmount of BNB to deduct for each user = Final ABC Allocation * Pre-set ABC/BNB price The user that originally held 7,000 BNB was allocated 16,800,000 ABC tokens after the hard cap adjustment was made (up from 6,666,667 ABC calculated in the first step). The final ABC allocation is shown above and will be allocated to each user during the final distribution phase. Since both User 1 and User 2 have reached the hard cap, their additional allocation of 36,190,476 ABC tokens will be distributed between the remaining users based on their commitment ratio. We will use a hard cap of 20,000,000 ABC tokens for this example. However, since there is a Hard Cap per user, users that hit the hard cap will have their allocation passed onto other participants that committed less BNB. This user would receive a ratio of 5,000 BNB / 105,000 BNB, or 4.76% of all tokens (4,761,905 ABC) offered in the first step of the calculation. A user commits 5,000 BNB and 9 other users commit a total of 100,000 BNB during the subscription period. Individual committed BNB / Total committed BNB by all participants) * Total ABC tokens to be sold on Launchpad.įor example, a total of 100,000,000 ABC tokens are being offered in a new Launchpad session. The initial rough calculation of each participant’s final token allocation is: In the new Launchpad subscription format, users can commit an amount of BNB towards a token sale, where their final allocation of the new token is determined by the ratio of their committed BNB against the total committed BNB by all participating users. Once deducted, your C98 and BNB tokens will both be transferred to your spot wallet.Launchpad Subscription Allocation Calculation and BNB Deduction Rules Final Token Distribution 11:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount.Calculation Period 10:00 AM (UTC) to 11:00 AM (UTC): Subscription closes and token allocation calculation begins.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. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Subscription Period 6:00 AM (UTC) to 10:00 AM (UTC): Subscription will open at this time for all eligible users for a 4 hour period. ![]() Your final average daily BNB balance over these 7 days will determine the maximum amount of BNB that you can commit later on.
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