![]() It may be used for new listings, allowing users to purchase already-circulating tokens at a discount prior to the start of trading. January 20 (10:00 AM UTC) - Final Token Distribution: The appropriate amount of BNB is deducted from the user's committed BNB and the user receives LOKA tokens.īinance announced that the subscription format will not be limited to Launchpad sessions going forward.January 20 (09:00 AM UTC) - January 20 (10:00 AM UTC) - Calculation Period: Subscriptions are closed, and the exchange calculates how many tokens will be distributed to each user.Please note that once committed, your BNB will be locked and you will not be able to redeem or access any other functions such as transfers, withdrawals or trading until final token distribution. If users do decide to commit BNB to the sale, they must sign the Token Purchase Agreement. January 20 (06:00 AM UTC) - January 20 (09:00 AM UTC) - Subscription period: In this phase, users can subscribe to the LOKA token sale on Binance Launchpad.A user's average balance across these snapshots is used to determine how much BNB they can commit to the LOKA token sale. January 12 (0:00 AM UTC) - January 20 (0:00 AM UTC) - Preparation period: In this phase, Binance takes hourly snapshots of the BNB holdings of each user.Here's how the timeline for the LOKA token sale on Binance Launchpad will work, as explained by Binance: League of Kingdoms IEO Subscription Timeline If you pass all of these requirements, you can participate in the League of Kingdoms IEO and acquire LOKA tokens at the token sale price. Residents of these countries are not allowed to participate in the League of Kingdoms IEO:īelarus, People's Republic of China, Democratic Republic of Congo, Cuba, Iraq, Iran, North Korea, Singapore, Sudan, Syria, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. In order to be eligible for the League of Kingdoms IEO, you have to complete the identity verification process, accept the token purchase agreement, and be a resident of a supported country. To ensure a fair allocation for all participants, we will be setting a max cap of token allocation per user. Select the League of Kingdoms IEOĪfter you're verified, select League of Kingdoms from the list of upcoming and completed Binance Launchpad token sales.īinance introduced a new Launchpad subscription format that allows BNB holders to commit an amount of BNB towards a token sale, where their final allocation of the new token is determined by the ratio of their committed BNB against the total committed BNB by all participating users. How and Why you Should do KYC on Binance? 3. If you have any questions about the KYC process on Binance, you can find a step-by-step guide on the link below: We have already covered Binance’s identity verification process in another guide. This is done to verify your identity and location, as residents of some countries are prohibited from buying tokens on Binance Launchpad. In order to participate in Binance Launchpad IEOs, you have to pass a know your customer (KYC) process. Now, you can see all the completed and upcoming IEOs on Binance. How to buy Binance Coin (BNB) on Binance?Īfter you successfully register, go to the Launchpad section of the navigation menu. The first step for participating in the token sale is to create an account on Binance. You will also have to hold some BNB and verify your BNB account if you want to participate. The League of Kingdoms sale on Binance Launchpad is available to users from supported countries. How to invest in the League of Kingdoms IEO on Binance Launchpad? Here's a quick recap of the timeline for the League of Kingdoms sale: The LOKA token will perform a number of functions in the League of Kingdoms ecosystem, including governance, staking, Drago breeding and in-game item purchases. The game uses NFTs to represent virtual land as well as Dragos, which are powerful creatures that give players the ability to earn DST tokens. League of Kingdoms is a mobile strategy game that uses blockchain technology and NFTs to give players an unique opportunity to own and trade in-game assets. ![]() The LOKA tokens will be sold at the equivalent of $0.16 each (the price will be set in BNB). League of Kingdoms will be the 26th project featured on Binance Launchpad, and they're looking to raise $4 million by selling 5% of the token's total supply. Binance will start recording BNB balances on January 12, and will be doing so until January 20. To become eligible for participating in the token sale, users need to hold BNB tokens on the Binance cryptocurrency exchange. Binance has announced that League of Kingdoms (LOKA) will be the next project featured on the Binance Launchpad platform.
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