Binance Launchpad Completes Harmony Protocol (ONE) IEO Lottery

After announcing the winners, Binance is preparing to distribute the balances and list the ONE token on June 1.

Binance has completed the lottery stage for the Harmony Protocol token sale, or IEO. Now, the winners will be obliged to buy ONE tokens with sufficient BNB balances. Following the lottery phase, which lasted for 24 hours to ensure inclusion, ONE will begin trading on June 1.

“Binance Launchpad announced that there are 16,666 winning tickets, held by 12,977 total winners. That puts the percentage of winning tickets at 30.82%, among all 54,076 tickets claimed. Lottery winners will get 94,503.78 ONE tokens per winning ticket,” the exchange stated.

Binance points out that all the 1.58 billion ONE tokens ended up being sold to lottery winners. The token will start trading in ONE/BNB, ONE/BTC, ONE/USDT, ONE/TUSD, ONE/PAX and ONE/USDC pairs.

The Harmony Protocol profile shows the biggest strengths of this project:

“Harmony is a fast and secure blockchain. Built by a team of engineers from Google, Apple, Amazon, Harvard and Stanford, Harmony helps businesses build marketplaces of fungible tokens (such as energy credits and loyalty points) and non-fungible assets (such as game collectibles and real estate),” explained Binance in the project’s brief profile.

The Harmony Protocol mainnet is expected to arrive in about a month, changing the nature of the ONE token.

The IEO capped participation to $300 per user, to give maximum access to the tokens. The price at the crowdsale was $0.003175, about 50% lower compared to an earlier seed token sale round. As with other Binance crowdsales, US-based investors are excluded, in addition to the long list of countries banned for various reasons, ranging from local regulations to embargo regimes.

IEO token sales are one of the hottest trends, supported by high activity on the Asian markets. Regulations regarding the status of tokens as securities has limited offerings for US-based buyers. In the past, a similar model has been followed by ICO crowdsales.

Binance remains one of the most reliable IEO platforms, offering projects with a relatively small cap on the fundraising, as well as on personal purchases.

Binance Coin (BNB) retreated to $33.49 after the IEO, but previously, the asset set a record above $34 on increased trading activity.

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