1.58 Billion Harmony Tokens Sold Via Binance Launchpad

1.58 Billion Harmony Tokens Sold Via Binance Launchpad

One of the largest exchange platforms in the world, Binancehave today released the results of their ITO of Harmony (One) Tokens, which proved very successful.

In a blog post posted today by the company, they laid out the background behind the sale, which came to a close earlier this morning at 8:00 am.  The token sale itself took place over the course of 32 hours where nearly 23,000 users claimed over 54,000 lottery tickets, which were required to be eligible for the sale.  In the end, 16,666 tickets were winning tickets, the owners of which are now able to claim 94,503.78 ONE tokens per winning ticket.

In total, a massive 1.58 billion ONE token were sold to participants who had drawn and claimed winning lottery tickets.  These winning ticket holders are now being advised to ensure they have enough BNB in their accounts for the final transactions to be processed.

The token sale was already the 5th they have completed this year, but only the second under new “lottery rules”. The sale was run via a single session, where participants had to purchase the tokens via Binance Coin (BNB) before a draw was run for those who would be able to purchase the coins. As such, the format differs from traditional ITOs in that it was not a free for all and everyone had an equal opportunity to get their hands on the tokens.

As per the blog post on Binance, the company behind ONE, Harmony, “has a robust ecosystem building strategy focused on creating partnerships that drive adoption of the protocol. At scale, Harmony helps businesses tokenize their assets and incentivize user engagement.”   

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Coinbase,Cryptocurrency,Exchange Platforms,Investment

Chainlink Trading Launched on Coinbase

The Ethereum-based Chainlink (LINK) is now possible to be traded on Coinbase. Coinbase had already begun accepting inbound transfers LINK yesterday (26th June) at 10 am (PT) on their Coinbase Pro service. Stating that they will accept deposits for a full 12 hours prior to enabling full trading. The standard four-phase approach that Coinbase uses […]

27 June, 2019
Changelly,Cryptocurrency,Promotion,Simplex

Changelly Slash Fiat to Crypto Prices Until 10th July

Changelly have announced that up until the 10th July 2019, users will be able to purchase major cryptos with their fiat currencies for a discounted price. The new offer is to celebrate the fact that you can now purchase Binance’s native coin, Binance Coin (BNB) on their service. In a partnership with Simplex, a payment […]

27 June, 2019
Exchange Platforms,Funding,Investment,Kraken

Kraken Raises More Than $13 Million In Fundraising Round

Leading exchange platform, Kraken has revealed they raised over $13 million in a new fundraising round. The San Francisco-based firm was hoping to make $10 million in this latest round of fundraising, but in fact, surpassed that mark with ease. In total, 2264 investors contributed to a total fund of $13.5 million. This more than […]

26 June, 2019
CoinEx,Exchange Platforms,Margin Trading

CoinEx Launch Margin Trading Feature

CoinEx launched their new market trading feature earlier this week which promises to “further advance the trading experience” on the service. The new service was rolled out on Monday (24th June 2019) and offers 4 separate features that make it stand out as a great addition to their platform for users. These are a Forced […]

26 June, 2019
Facebook,Project Libra,Stablecoin,USA

US House of Representatives Set Date for Project Libra Hearing

United States House Financial Services Committee have announced that they have set a date for a hearing of the impending arrival of Facebook’s Project Libra to the crypto market and its impacts. Facebook’s own stablecoin released its white paper last week and naturally, it caused a stir. As has been the case for a long […]

25 June, 2019
Bitfinex,Derivative Trading,Exchange Platforms

Will Bitfinex Offer Maximum Leverage on Derivative Trading?

The exchange platform Bitfinex are poised to begin derivative trading and it could be with maximum leverage it seems. With a member of their upper management having pointing towards the potential of this occurrence. Paolo Ardoino, their CTO announced implied to happen via Twitter last night, when he posted a leverage meter bar with the […]

25 June, 2019
Exchange Platforms,IEO

Huobi Exchange Review: Should Huobi be launching IEOs?

Huobi is a long-standing cryptocurrency exchange. It was originally founded in China, and as such, suffered some setbacks in the aftermath of China’s crypto exchange ban. While its fellow Chinese exchange Binance has managed to thrive and gain significant fame, Huobi has floundered a bit since relocating to Seychelles. A big black mark that will […]

25 June, 2019
Acquisitions,Exchange Platforms,Kraken,Trading

Kraken Completes Acquisition of Crypto Facilities in 9-Figure Deal

Major exchange platform, Kraken have announced they have finalised a deal which sees taking ownership of the multi-level crypto business, Crypto Facilities. The news broke today via a press release shared by Kraken in which they explained the new means that the pair combined “creates a global leader in cryptocurrency spot and futures trading”. London-based […]

24 June, 2019