Binance has just announced its 7th initial exchange offering (IEO) on the Binance Launchpad – WINk IEO.
This comes within a month after the closure of its successful predecessor, Elrond, which had yielded IEO investors on average a 16x return from its IEO price on the first day of trading.
Since its launch, the Binance Launchpad has made its IEO investors who won the lottery draws incredibly wealthy.
Every single IEO on the Binance Launchpad have yielded positive returns on the first day of trading, eventually peaking to over 10x its IEO price on average for each IEO that had launched on its successful platform.
If you had just $100 to invest into each IEO, generating a 10x return on every occasion, you would now have $6,000 in capital, a return on investment that dwarfs even the most profitable cryptocurrencies back in the 2017 bull run.
The question now is: Will the Binance Launchpad maintain its reputation of launching these popular and profitable IEOs? We’ll have to find out and see!
What is WINk?
WINk is a gaming and social platform with a proclaimed 40,000 weekly users and growing, making it as of current the #1 dApp in terms of both users and volume.
Users are able to play and socialize with other users, and also stake with its native WIN Token across multiple blockchain ecosystems.
More importantly, WINk boasts a decent reputation within the community as it’s partnered and invested with TRON (TRX).
Within the decentralized gaming space, WINk is one of the less risky bets as they’ve placed a decent amount of effort into compliance, with gaming licenses for both Curacao and Costa Rica.
As stated in the whitepaper, these are WIN Token’s main utilities:
- Staking
- Governance Rights
- Reduced ‘resource burns’ via holding WIN
- Exclusive opportunities & events
- Gameplay discounts
Binance Launchpad – First Time Investors
First time investors on the Binance Launchpad must create a Binance account and verify their identity on the platform.
Simply go here and click on the “Get Ready For Launch” banner to register for an ID and verify your identity.
How the WINk IEO Works on Binance Launchpad
Binance has recently made some changes to the numbers and BNB holding amounts for its lottery system.
To participate in future IEOs on the Binance Launchpad, including the WINk IEO, the table below illustrates how many lottery tickets you can claim based on a 7 day BNB average.
For WINk, the snapshots for the 7 day BNB average will be taken each day from 2019/07/24 (UTC) – 2019/07/30 (UTC) at 0:00 AM.
Daily Average BNB Balance | No. of Lottery Tickets |
50 ≤ X < 100 | 5 |
100 ≤ X < 150 | 10 |
150 ≤ X < 200 | 15 |
200 ≤ X < 250 | 20 |
X ≥ 250 | 25 |
And below is the timeline for the WINk IEO:
WINk IEO Requirements and Restrictions
As per the Binance Launchpad rules, investors from the following jurisdictions are not allowed to participate in the WINk IEO: Albania, American Samoa, Belarus, Bosnia & Herzegovina, Cote dIvoire, Cuba, Democratic Republic of the Congo, Guam, Iran, Iraq, Liberia, Myanmar (Burma), Northern Mariana Islands, North Korea, Puerto Rico, Republic of Macedonia (FYROM), Serbia, Sudan, Syria, United States of America (USA), United States Virgin Islands, Zimbabwe
WINk Token Sale Information
The fact sheet below shows the WINk token sale information:
| Launchpad Hard Cap | 6,000,000 USD |
| Total Token Supply | 999,000,000,000 WIN |
| Initial Circulating Supply | 21% of Total Token Supply |
| Public Sale Token Price | 0.0001201 USD (price in BNB will be determined on the lottery draw date) |
| Launchpad Allocation | 49,950,000,000 WIN (5% of Total Token Supply) |
| Max Number of Winning Lottery Tickets | 200,000 |
| Allocation Per Winning Ticket | 30 USD (249,750 WIN) |
| Public Sale Vesting Period | No lockup |
| Seed Sale Token Price | 1 WIN = 0.00006673 USD |
| Seed Sale Allocation | 15% of Total Token Supply |
| Seed Sale Vesting Period | 1/6 unlocked in the fourth month after TGE, remaining 5/6 unlocks ⅙ every quarter over 15 months. |
| Token Type | BEP2, TRC20 |
| Token Distribution | Within 15 days after end of token sale |
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