An altcoin project on Binance Launchpad has recently attracted the attention of investors. The sales process for the altcoin in question is open to subscription for three hours. Here are the details…
Selling begins for altcoin on Binance Launchpad
The Open Campus (EDU) token sale on Binance Launchpad opens for subscription for three hours. Interested users can check their eligibility. It can then add BNB tokens for sale based on their average BNB holdings for the last five days. The BNB rate for the EDU token sale is calculated with an average BNB price of $327.2. So, for the $0.05 price of the coin, users need to pay 0.00015281 BNB.
During the subscription period, users pledged their BNB tokens today, between 09:00 am and 12:00 pm. Users must sign the EDU Token purchase agreement before committing their BNB. The maximum amount of BNB each user will commit will vary based on their average BNB balance over the last five days.
However, it is important to note that only BNB in user spot wallets will be available for commitment. If BNB resides in other accounts such as Launchpool or BNB Vault, users will need to transfer them to their spot wallets before committing. After the commit, the BNB tokens are locked. Users will then not be able to access other functions such as transfers, withdrawals or trading until the final token distribution.
There’s a $15,000 limit
After the subscription period expires, the calculation of the EDU token allocation will begin. The calculation process will take a total of one hour. Final EDU token allocation results will appear at 1:00 PM today. At this point, the relevant BNB amount will be deducted from the BNB amounts that are already locked within 60 minutes. After that, both EDU and remaining BNB tokens will go to the user’s spot wallet.
It is important to note that there is a fixed cap of $15,000 (300,000 EDU or 45,843 BNB) to allocate per user. Users must also complete account verifications and be from an eligible jurisdiction to participate in this token sale. Users from certain countries or regions, including Belarus, Cuba, Iran, and the United States and their territories, will not be able to participate in token sales on the Binance Launchpad platform.
EDU listed today at 15:00
The Open Campus (EDU) smart contract is BEP-20. Once the subscription is complete, Binance will list the Open Campus (EDU) in its innovation zone. EDU/BTC will open today at 150:00 CEST for trading pairs EDU/USDT, EDU/TUSD and EDU/BNB. Overall, the Open Campus (EDU) token sale on Binance Launchpad provides an opportunity for users to join the project and invest in the future of education. Time will tell how the coin will move in the future.
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