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Binance Announces Next IEO: But Recent IEOs’ ROI Raises Some Concerns For Investors

Binance has announced the newest initial exchange offering (IEO) and it’s the Band Protocol. As per the new rules, investors have to hold BNB for an average of 30 days prior to the IEO itself. However, given that the latest launch held on the platform – that of Perlin, brought insignificant returns, the question is if it’s worth holding on BNB to participate in the IEOs.  Binance Announces Newest IEO Binance has just announced the newest initial exchange offering (IEO) to be held on the Binance Launchpad platform and it’s the Band Protocol.  The Band Protocol is intended to be a layer-2 protocol on public blockchains. According to the announcement, Band Protocol has a unique multi-token model as well as a staking mechanism that guarantees that the information is entirely free from manipulation. It makes data readily available on-chain and it offers faster and cheaper solutions compared to existing competition, according to the reports.  The holding requirement is elevated to 30 days, so people now have to have BNB in their accounts for 30 days prior to the IEO date. Interestingly enough, Binance has once again changed the maximum investment allowed for a winning ticket. It used to be $500 for Perlin and now it’s reduced to $300. The allocation of the winning tickets is pretty much the same. If you hold over 500 BNB for an average of 30 days you will get 10 lottery tickets. The total ammount of winning tickets is set to 19500 which is more than what it was for the previous IEO. The lottery draw is set for the 17th of September and we will probably see the tokens being available for trading on the next day, as it’s always the case.  But Is It Worth It? The last IEO that Binance Launchpad had was Perlin. It required people to hold BNB for 15 days prior to the launching date. During those two weeks, BNB dropped with about 10 percent.  So let’s walk through the following scenario. You wanted to get 10 tickets and as per the rules, you would have to hold 500 BNB for an average of 15 days.  On August 8th, which was the first date of the holding period, BNB was worth around $30 which means you’d have to invest around $15,000 in order to qualify for 10 lottery tickets. At the end of the preparation period, you’d have lost around $1,500. If you didn’t win any tickets, as it was the case for the majority of investors because only 5% of the people won, you’d be $1,500 down.  Even if you won, the average return was about 5x on the investment, meaning that you’d get $2,500 per ticket. When you discount the investment which was $500, you’d make $2000 per winning ticket. And when you count off the $1,500 loss from the decrease in BNB’s price, the return was almost minimum.  It’s, of course, unknown if Band Protocol’s IEO will bring the same returns, but given the disappointing results in the past couple of launches, it’s questionable if investors are incentivized enough to hold large amounts of BNB for such a long period.  The post Binance Announces Next IEO: But Recent IEOs’ ROI Raises Some Concerns For Investors appeared first on CryptoPotato.

Telegram Will Officially Launch its Gram Tokens Within Two Months

Coinspeaker Telegram Will Officially Launch its Gram Tokens Within Two MonthsThere currently are more than a few thousand different digital assets in the market and a lot more are still springing up. Binance Launchpad recently concluded Perlin IEO for Perl tokens and have begun trading already with about six different pairs. Facebook, as it battles privacy issues and other related concerns with the U.S. Congress, is still forging ahead with plans for its earlier announced cryptocurrency, Libra. Now, Telegram has officially announced that it will be joining Facebook in the category of social media giants who have big plans to release their own digital assets.The Gram TokenLast year, Telegram first hinted intentions about the GRAM token and went on to raise about $1.7 billion in a very successful Initial Coin Offering (ICO), within a few months. The success of the ICO has been compared with the likes of Facebook and Uber who took seven and five years respectively, to raise $1 billion.At the time, it was thought in some quarters, that plans Gram token were a little too grand because there was no working prototype. However, this didn’t stop venture capitalists from getting with the program. Now, Telegram has disclosed to its investors that sometime in the next two months, it will be releasing the first sets of the Gram tokens as initially planned.Furthermore, Telegram has also said that Gram digital wallets for its tokens will be accessible by all of its 300 million users around the world when the time comes. The giant hopes that Gram tokens will facilitate cross-border payments, making fund transfers a lot easier. This is similar to goals indicated by Facebook in its Libra whitepaper.The 31st of October has been set as the deadline for the release of the first batch of Gram tokens. Telegram had initially released to its investors, a paper totaling about 132 pages, explaining that Telegram users would easily send and receive Gram tokens through its own blockchain called the Telegram Open Network (TON).Trading GramsButton Wallet, a multi-platform crypto wallet, has already announced the launch of what purports to be the first free cryptocurrency testing network, powered by TON. This is in a bid to ready people’s minds and push for the adoption of the Gram, in preparation of its official launch. Alex Safonov, the Button Wallet co-founder, has said:“Crypto’s biggest obstacle is mass adoption and what we’ve created will help people be comfortable with trading cryptocurrency without using real money. With all the fanfare surrounding Facebook’s Libra digital currency, there hasn’t been a way to explore digital assets without risk, until now with Button Wallet and the Telegram Open Network.”It’s also important to note that unlike Facebook’s Libra, the Gram is not a stablecoin and will not be backed by any fiat. Just like Bitcoin or Ethereum, the Gram value will rise or drop based on natural market factors.Telegram Will Officially Launch its Gram Tokens Within Two Months

Perlin Concludes Successful IEO Setting New Binance Launchpad Record

Coinspeaker Perlin Concludes Successful IEO Setting New Binance Launchpad RecordThe Binance Launchpad, a platform created by Binance and strictly for the launch of supported tokens, has officially announced the conclusion of an IEO for Perlin (PERL) tokens. The successful sale is the eighth time Binance Launchpad has completed a token sale in 2019.Record SaleThe results of the sale show that the Perlin Network broke the current record for the most BNB staked for any IEO. Perlin took to Twitter to announce this, adding that at the end of the sale, all the 40,695 participants became holders of the Perl Token. The total number of PERL tokens sold stood at 86,530,500.We broke the record for the most $BNB staked for any IEO 🔥🔥🔥 with ALL 40,659 participants becoming PERL holders! 🎉Thanks to our supporters, making #PerlinNetwork the most successful #Binance #Launchpad! 🚀Read up here 👇 #crypto #HODL— Perlin (@PerlinNetwork) August 26, 2019A Proof of Stake (PoS) platform, the Perlin Network makes use of distributed ledger smart contracts with the aim of facilitating international trade transactions and making them run automated, using blockchain technology. The sale was completed on Sunday the 25th of August and ended with more than $6.7 million pulled in, said to have been raised almost as soon as it began.Furthermore, the entire sale involved exactly 245,602 tickets and after a lottery of sorts was carried out, at least 13,400 were able to win free PERL tokens. Regardless, the network had officially set aside almost 4 million tokens which have now been distributed in a free airdrop. Each of the “unlucky” participants would still get a minimum of 24.5 tokens.Sequence of EventsFor more specifics, Binance closed the earlier started 15-day grace period where interested participants were allowed to record their BNB balances every hour. A few hours later and on the same day of the closure(August 24), the ticket claim for everyone already deemed qualified officially began and lasted for 24 hours.The Token Purchase Agreement for interested participants could only be accessed and signed in this time frame. Exactly 24 hours after that, the ticket claim process and signing of the Token Purchase Agreement were officially brought to a close, revealing the 40,695 participants earlier stated with the 245,602 tickets. It was at this time Binance Launchpad officially kicked off the lottery draw.The lottery draw then took place for about 2 hours, after which Binance Launchpad revealed that 10,940 participants had successfully won 13,400 tickets, accounting for exactly 5.46% of the entire ticket number. It was then revealed that each winner will receive 6,457.5 PERL tokens for each winning ticket. The corresponding BNB equivalent would then be deducted from the winners’ BNB balance after a maximum of 24 hours.Binance as at 12pm UTC on the 26th of August, has begun trading PERL tokens at 12pm UTC with the following pairs: PERL/BNB, PERL/BTC, PERL/USDT and PERL/USDC.Perlin has an interesting list of investors and partnerships which has been supporting the network. Furthermore, Perlin has received recent funding from a few big names including Kakao Investments, FBG Capital, Bitmain, Arrington XRP Capital and many more.Perlin Concludes Successful IEO Setting New Binance Launchpad Record

BlockchainBrad | Blockvera | Perlin | Crypto Interview | Leaderless PoS | IEO Binance| WASM | Dorjee

BlockchainBrad sits down with Perlin Co-founder, Dorjee Sun, for a Blockvera Deep Dive in an EXCLUSIVE crypto interview. They discuss all aspects of Perlin, including its leaderless ledger powering WASM smart contracts, their Initial Exchange Offering (IEO) on the Binance Launchpad and much more. This is a Free Interview and there is a very strong focus on business & enterprise. In just over an hour, Brad & Dorjee discuss topics such as Perlin’s technical solution, why it’s scalability, speed and finality are real advantages, their strategic positioning in Singapore, upcoming partnerships and collaboration with governments, the value and utility of their token and the details of their IEO are all discussed at length. This video was completely free - neither Brad nor Blockvera were compensated in any way, not in $, token or any other form of payment. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 👇 MORE INFO ON PERLIN Website - Telegram Community - Medium - Twitter - ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ⏳Timestamps 0:52 A brief rundown of Perlin 4:14 Scalability, finality & potential to become a global settlement system 7:53 The value & credentials of their project team 10:30 How many crypto startups will still be around in a few years? 12:56 The future of utility tokens 16:20 The advantages of operating in Singapore 18:34 Partnerships 25:05 The network effect of belief with top 100 coins 30:03 Snowball Protocol 36:47 Does Perlin make it cheaper for businesses to operate? 39:00 The value & utility of the token 42:05 Would the increase in value of the token be a problem in the future? 43:40 Team tokens & private sale terms 47:25 Difference in IEO price vs Private sale 49:30 Why Binance? 51:10 How can you avoid “pump and dumps” in these situations? 55:33 Government collaborations worldwide 59:00 Outlook for the next year 1:05:44 Final thoughts ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ►Join The BCB Tele ► Follow on twitter: ► Join BlockVera on twitter: @BlockVera ► Check out BlockVera on youtube: ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● PAYMENT/DONATION DISCLOSURE: This interview was entirely, 100% free in every way, not tokens, no under the table deals. I believe that sponsored content is not a problem if disclosed openly to the community. This is not Financial Advice. Please #DYOR ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● INVESTMENT DISCLOSURE: I have not invested in Perlin. I did consider investing in Perlin, but I decided I may invest later after listing. This is not Financial Advice, but I really believe in this project. #DYOR always. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● BlockVera General Disclaimer: This BlockVera Episode was entirely free. BlockVera is about providing more #Truth, #Trust and #Transparency in the Crypto Space. We will be bringing to you several free and unsponsored pieces of content on the BV platform, however to sustain our presence, we will also be doing some sponsored pieces too. BlockVera will always disclose sponsored content. This interview is not sponsored in any way. The BlockVera interviewer was not paid in any way to conduct this interview - there was also no sponsorship given to BlockVera. This was entirely free and for all of us. The information provided is not to be considered as a recommendation to buy or invest in certain assets or currencies and is provided solely as an educational and information resource to help traders make their own decisions. Past performance is no guarantee of future success. It is important to note that no system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the attached material will guarantee profits or ensure freedom from losses. BlockVera shall not be liable to the participant for any damages, claims, expenses or losses of any kind (whether direct or indirect) suffered by the participant arising from or in connection with the information obtained from this website or directly from the website owner.
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Only 5% Winners: Investors Disappointed Following Perlin’s Binance Launchpad Lottery Results

Binance’s token launch platform, the Binance Launchpad, announced earlier today the lottery results of its most recent token sale – Perlin. Even though 86 million PERL tokens were distributed to the lucky draw winners, there was a slight wave of disappointment among the participants, as the vast majority of them didn’t win a single ticket. Out of the total tickets, only 5.46% of tickets won. Simple math: as the maximum tickets per account was 10. The average account didn’t win a single ticket. CZ: Hard To Please Everyone CZ, the CEO of Binance, had responded to some Binance disappointed users claims reminding that also when trying out other distribution models, people were disappointed. “Hard to please everyone,” according to his latest tweet. it’s about 5% on a ticket basis, many people hold 5 tickets, avg winning on a user level is about 20% or so, I think. Still the 80% that didn’t win will complain. Previously, the 80% would win a small ($30) allocation, they complain it’s too small. Hard to please everyone. — CZ Binance (@cz_binance) August 25, 2019 Binance’s Ever-Changing Rules The rules for receiving a chance to invest in Binance Luanchpad’s Initial Exchange Offerings keep changing. Earlier this month, Binance held an IEO event for WINk, following significant adjustments to their Launchpad’s lottery draws. While the amount of winning tickets now was reduced substantially from the previous one, Binance also increased the period of holding BNB ahead of the IEO to 15 days, as well as the personal BNB capacity to hold for the maximum amount of tickets – from 250 to 500 per user. The company is set to increase the holding period to 30 days for the upcoming Binance Launchpad IEO. Those modifications meant that the number of participants winning a ticket for Perlin’s IEO was unquestionably lower than with WINK’s IEO. With WINK’s launch, the winning tickets totaled in 200,000 winning tickets, each ticket worth $30. So to sum it up – more winners, and as could be concluded following WINk IEO, less reward. The rules for PERL’s IEO had more resemblance with Elrond’s IEO a few months back, where the number of winning tickets was 10,833 or 11.07% of all participants, while with WINK the percentage for winning tickets was 23.87. Elrond’s IEO had returned 13x to its investors, while WINk’s average ROI was a lot less – 3-4x on average. Perlin Network IEO Stats The ticket claiming process for PERLIN’s IEO ended at 06:00 UTC on the 25th of August and 40,695 users were allowed to enter the lottery, having a total amount of 245,602 tickets. Two hours later Binance announced results: there were a total of 10,940 winners, holding 13,400 tickets. Each winning ticket buys 6,457.5 PERL for the equivalent value of BNB, meaning that 1 PERL sold for a price of  0.07743 USD or 0.00287844 BNB (using a BNB price of 26.90 as Binance previously announced). PERL will open for trading on Binance on the 26th of August at noon UTC. Perlin’s mission is to help develop dApps requiring immense amounts of disk space and computing resources by a scalable DAG-based protocol and the company has secured numerous strategic partnerships, as their CEO told CryptoPotato. The post Only 5% Winners: Investors Disappointed Following Perlin’s Binance Launchpad Lottery Results appeared first on CryptoPotato.
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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

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VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

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IOTA Introduces Chronicle Permanode to Amend Scalability Issues

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Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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