Disclaimer: This article does not constitute any investment advice.Editor: Remember to follow meThe new Launchpad model provides investors and BNB holders with more participation rights, increasing the long-term value of BNB holdings, but it may also have counterproductive effects
Disclaimer: This article does not constitute any investment advice.
Editor: Remember to follow me
The new Launchpad model provides investors and BNB holders with more participation rights, increasing the long-term value of BNB holdings, but it may also have counterproductive effects.
On the afternoon of March 24th Beijing time, BNB suddenly rose, starting at $15 and rapidly rising to $17.3, an increase of 15%.
At the same time, BTC continued to grind at $4000, and investors' patience further decreased. BTC trading volume continued to shrink after fluctuating on March 21. Although the market price continued to show a slight upward trend, overall technical indicators weakened. At the same time as the BTC index weakens, mainstream currencies backed by big trees, as well as recently strong platform currencies, have also ceased to shine, losing the shine brought by the Coin An Launchpad. Platform currencies such as OKB, HT, and ZB have rapidly risen by 20% or even 50% in the past few days, and have basically returned to calm.
But it is precisely this Launchpad, which drives platform currency and even leverages the trend of the market to turn bull, that once again dropped a heavy bomb and directly drove BNB up 15% today.
Simply put, the Coin On Launchpad will change from the original first come, first served, and grab is earn mode to a lottery mechanism, and the chances of winning a lottery depend on the number of BNBs held by users within 20 days. According to the announcement of Coin An, Coin An will publicly disclose the number of winning lottery tickets and the limit of each lottery purchase project when the new project is announced; Subsequently, 20 days before the "lottery", a snapshot of the user's BNB balance is taken in the early hours of UTC every day, continuously recording it for 20 days. The corresponding number of lottery tickets is allocated based on the number of BNBs held by the user within the 20 days.
The first line in the figure shows "Minimum BNB Holding in 20 Days" and "Number of Lotteries Received" in sequence.
On the "Lottery" day, Coin An will randomly select the last number of the lottery and conduct multiple rounds until all lottery draws are completed.
The first line in the figure shows "lottery rounds", "ending numbers", and "number of winning lottery tickets" in sequence.
The new Launchpad model has given investors and BNB holders more participation rights, and has also changed the previous rigid first come, first served mechanism, adding a lucky mechanism to event participation. Currently, it does not consider the probability of winning, at least giving all BNB holders a belief that they will also have an opportunity to win; This rule directly increases the holding value of BNB, greatly reducing the risk of BNB selling leading to a sharp decline. However, the high user engagement of Launchpad and the large long-term position of BNB will lead to BNB, and the selling time will be more concentrated, which may have the opposite effect as expected by Coin An.
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