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Binance Launchpad Holding Harmony (ONE) Token Sale With Updated Lottery Rules

On Thursday (May 16), Binance announced that the fifth cryptoasset to go on sale this year on its initial exchange offering (IEO) platform, Binance Launchpad, would be the Harmony (ONE) token.

According to a FAQ-style blog post Harmony published on 23 April 2019, the blockchain startup "helps businesses build marketplaces of fungible tokens (energy credits, security offerings) and non-fungible assets (game collectibles, real estate)." Also, it is working on "zero-knowledge proofs for data sharing (ad exchanges, credit ratings) while preserving the consumer’s privacy."

Harmony hopes that its fast and secure blockchain architecture will eventually be able to support billions of users participate on decentralized marketplaces.

Harmony released its testnet (2.0) last month, and it is planning to launch its mainnet in late Q2 or early Q3 2019.

The Harmony token has various uses on the Harmony network:

22.4% of the 12.6 billion token supply was sold in Harmony's seed round. Current investors include Blockchain Assets, Consensus Capital, Qtum, and Skunk Capital.

Binance says that the Harmony token sale will be using the lottery format (the recording of users' BNB balances starts on May 19 at 23:59:59 UTC), but with two changes:

Per Binance's blog post, here are some of the key details about this token sale:

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