Binance, the world’s leading cryptocurrency exchange platform, has announced the upcoming token sale for Open Campus (EDU) on its Launchpad platform. Open Campus, the 31st project to be featured on Binance Launchpad, aims to revolutionize the education sector by utilizing blockchain technology to create a decentralized and open learning environment.
The token sale will follow the Launchpad subscription format, with user BNB balances being recorded for five days from April 23, 2023, to April 28, 2023. Binance will use the Daily Average BNB Balance calculation to determine each user’s final BNB holding amount.
Here are the details of the EDU token sale:
- Token Name: Open Campus (EDU)
- Launchpad Hard Cap: $2,500,000
- Hard Cap Per User: $15,000 (300,000 EDU)
- Total Token Supply: 1,000,000,000 EDU
- Total Tokens Allocated to Binance Launchpad: 50,000,000 EDU (5% of Total Token Supply)
- Public Sale Token Price: 1 EDU = $0.05 (price in BNB will be determined before subscription)
- Token Sale Format: Subscription
- Supported Sessions: BNB only
The subscription timeline includes a preparation period, subscription period, calculation period, and final token distribution:
- Preparation Period (April 23-28, 2023): User BNB balances will be calculated in hourly snapshots for five days, determining the maximum BNB commitment.
- Subscription Period (April 28, 2023, 06:00-09:00 UTC): Eligible users can subscribe during this three-hour window and sign the Token Purchase Agreement.
- Calculation Period (April 28, 2023, 09:00-10:00 UTC): Token allocation calculation begins after the subscription period closes.
- Final Token Distribution (April 28, 2023, 10:00 UTC): The final token allocation will be calculated, and the corresponding BNB will be deducted from users’ locked BNB amounts.
Users interested in learning more about Open Campus (EDU) can read Binance Research’s in-depth report on the project. Please note that participants must complete account verification and be from an eligible jurisdiction to participate in the token sale. Certain countries and regions, including the United States and its territories, are excluded from participating in Binance Launchpad token sales.
Open Campus is poised to make a significant impact on the education sector by harnessing the power of blockchain technology. The project aims to create a decentralized learning environment that fosters collaboration, innovation, and accessibility for learners and educators worldwide. By leveraging the Binance Launchpad platform, Open Campus (EDU) will gain increased visibility and support, furthering its mission to transform the future of education.
For more information, visit the Open Campus website, read their whitepaper, and follow them on Twitter, Medium, and Discord. Stay tuned for more updates on this exciting project and the upcoming token sale on Binance Launchpad.
