Binance To Host Open Campus (EDU) Token Sale
Binance Launchpad has announced the addition of Open Campus (EDU) as its 31st project. The token sale for Open Campus will follow the Launchpad subscription format, with the recording of user Binance Coin (BNB) balances starting at 2023-04-23 00:00 (UTC).
Introducing the @opencampus_xyz $EDU Token Sale on #Binance Launchpad!
➡️ https://t.co/ahqoPyG4wI pic.twitter.com/Fg1xWR6ORh
— Binance (@binance) April 21, 2023
EDU Token Sale
Binance will record user BNB balances for five days from 2023-04-23 00:00 (UTC) to 2023-04-28 00:00 (UTC). The final BNB holding amount for each user will be determined as the average of the five days, using the Daily Average BNB Balance calculation previously announced.
The launchpad hard cap for Open Campus (EDU) is $2,500,000 USD, with a hard cap of $15,000 USD (300,000 EDU) per user. The total token supply for Open Campus is 1,000,000,000 EDU, with 5% (50,000,000 EDU) allocated to Binance Launchpad. The public sale token price is 1 EDU = 0.05 USD, with the price in BNB to be determined prior to subscription. The token sale format will be a subscription and will support BNB only.
Subscription Timeline
The subscription timeline for Open Campus is as follows:
Preparation Period 2023-04-23 00:00 (UTC) to 2023-04-28 00:00 (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a five-day period. The final average daily BNB balance over these five days will determine the maximum amount of BNB that users can commit later on.
Subscription Period 2023-04-28 06:00 (UTC) to 2023-04-28 09:00 (UTC): Subscription will open at this time for all eligible users for a three-hour period. Users must also sign the Token Purchase Agreement at the same time, prior to committing their BNB. Once committed, BNB will be locked and users will not be able to redeem or access any other functions such as transfers, withdrawals, or trading until the final token distribution.
Calculation Period 2023-04-28 09:00 (UTC) to 2023-04-28 10:00 (UTC): Subscription closes and token allocation calculation begins.
Final Token Distribution 2023-04-28 10:00 (UTC): The final token allocation will be calculated and the corresponding BNB will be deducted from the already-locked BNB amount. Once deducted, EDU and BNB tokens will both be transferred to the user’s spot wallet.
Revolutionizing Education
Open Campus (EDU) aims to revolutionize the education industry by providing an all-in-one platform for students, educators, and institutions. The platform will use blockchain technology to provide secure, transparent, and decentralized academic and career development services. With several successful projects already launched on Binance Launchpad, Open Campus has the potential to be another game-changer for the industry.
