Binance announces the 21st project on Binance Launchpad – Beta Finance (BETA). The token sale for Beta Finance will follow the Launchpad subscription format, with the recording of user BNB balances starting at 2021-09-30 00:00 AM (UTC).
Binance will record user BNB balances for 8 days from 2021-09-30 00:00 AM (UTC) to 2021-10-08 00:00 AM (UTC). The final BNB holding amount for each user will be determined as the average of the 8 days, using the Daily Average BNB Balance calculation previously announced here.
BETA Token Sale Details:
- Token Name: Beta Finance (BETA)
- Launchpad Hard Cap: 3,000,000 USD
- Hard Cap Per User: 20,000 USD (333,333.33 BETA)
- Total Token Supply: 1,000,000,000 BETA
- Total Tokens Allocated to Binance Launchpad: 50,000,000 BETA (5% of Total Token Supply)
- Public Sale Token Price: 1 BETA = 0.06 USD (price in BNB will be determined prior to subscription)
- Token Sale Format: Subscription
- Supported Sessions: BNB only
- Preparation Period 2021-09-30 00:00 AM (UTC) to 2021-10-08 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 8-day period. Your final average daily BNB balance over these 8 days will determine the maximum amount of BNB that you can commit later on.
- Subscription Period 2021-10-08 06:00 AM (UTC) to 2021-10-08 10:00 AM (UTC): Subscription will open at this time for all eligible users for a 4 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. 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.
- Calculation Period 2021-10-08 10:00 AM (UTC) to 2021-10-08 11:00 AM (UTC): Subscription closes and token allocation calculation begins.
- Final Token Distribution 2021-10-08 11:00 AM (UTC): Your final token allocation will be calculated and the corresponding BNB will be deducted from your already-locked BNB amount. Once deducted, your BETA and BNB tokens will both be transferred to your spot wallet.