EnglishFellow Binancians,
As per recent community feedback, we found some users had tested out the snapshot logic for users’ BNB balances and conducted large-scale borrowing of BNB on other platforms for high-frequency BNB deposit and withdrawal. This has resulted in a large number of BNB holdings for these users, which put them at an advantage in participating in Launchpad.
To ensure a fair user experience for all participants, Binance has updated the daily BNB balance calculation mechanism for Binance Launchpad. The update took effect at 2023-03-18 00:00 (UTC).
For Space ID Launchpad participants, their daily BNB balance records will be available on 2023-03-22 at 02:30 (UTC). Users may not be able to view their daily BNB balance records on Binance Launchpad before this time.
Updates on Daily BNB Calculation Mechanism
- Before: An hourly snapshot to be taken at any point of time.
- After: Multiple snapshots to be taken at any point of time.
Notes:
- The update will only apply to Binance Launchpad participants.
- Users’ VIP levels or the referral program will not be impacted by the new rules.
We apologize for any inconveniences.
Further Information:
Thanks for your support!
Binance Team
2023-03-18
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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