Altcoins News
By Victor Ugochukwu
1 / 8
“Exchange the world” is the popular mantra of Binance, the number one digital asset exchange by daily trade volume headed by maverick CEO Chaopeng Zhao fondly called CZ.
2 / 8
For those who have been hearing the term IEO and wondering what it means, it is a crowdfunding mechanism whereby project founders within the sphere of blockchain and…
3 / 8
Just like the early days of ICOs, tokens listed immediately after IEOs have followed an appreciative pattern in price where the least jump in price after IEOs was seen to be 3X.
4 / 8
As typical of Binance in its innovative ways, it announced to the public a new lottery system that will govern participants of IEOs on its launchpad
5 / 8
In its press release, Binance announced a switch from the first come, first served to the lottery system.
6 / 8
The number of tickets each participant can claim depends on the amount of BNB (Binance Coin) they hold over the 20-day period in a Binance account leading up to the…
7 / 8
This development from the Binance team has sparked up mixed feelings from the general cryptocurrency community.
8 / 8
Since the advent of the first IEO conducted on the Binance Launchpad, many have touted this innovation to be the new ICO 2.
The Currency Analytics
Want the full story?