Binance Launchpad introduces Harmony (One); fifth project to launch token sale on platform

Binance, the world’s largest cryptocurrency exchanges in terms of trading volume, recently announced the launch of a new project, Harmony [One] on Binance Launchpad. The platform’s token sale, which will be initiated on May 19, 2019, at 23:59:59 UTC, will be governed by new rules.

This announcement comes a day after the exchange went through a maintenance upgrade, owing to the recent security breach that cost the exchange 7000 BTCs worth $41 million. The launch of Harmony [One] token on the platform is the fifth time a project has kick-started its journey via the Binance Launchpad.

The announcement on Twitter read,

Introducing the Harmony [$ONE] Token Sale on @binance Launchpad
Please note that Lottery Rules have changed to make them more inclusive and fair!
It’s time to allocate your $BNB tokens and claim your tickets!
Thanks to our community for the support https://t.co/2skHR8wO2o pic.twitter.com/rdRkyUsKxt

— Harmony [@harmonyprotocol] May 16, 2019

The rules have been revamped to make the process more transparent and comprehensive. The new rules introduced for Harmony [One] stated that all average BNB holdings would be calculated over a cycle of seven days. Also, users are empowered and would be authorized to sign the Token Purchase Agreement, up until the closure of the ticket claiming period. Further, the token sale would not be open for users in certain regions, including Croatia, citing legislative limitations.

The market uptrend has been supportive and has pushed forward the launch of new token sales that follows a lottery format. It has been a less productive phase for Binance this week since deposits and withdrawals were temporarily suspended after a security breach.

Following the announcement of the token sale, Capital Dad, a Twitter user said,

“Great! Lottery with avg $bnb holding can be very good solution Thank you #binance!”

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