Binance Launchpad Announces New WazirX’s Token Sale Results

The Binance launchpad which is the platform’s token launch platform has just announced the WazirX token sale results and in the latest binance coin listing news we will find out more below.

This was Binacne’s first token sale of the year and according to a press release from Binance, there were 10,000 winning tickets held by more than 9,033 winners. About 20,000 of the users participated and tried to win the lottery but more than 136,000 tickets were claimed.
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The chances of winning for all of the participants on the network are about 44 percent and this also puts the percentage of winning tickets at 7.31 percent.

The WazirX token sale was conducted through one session where the participants bought WazirX WRX tokens using BNB and the Binance Launchpad announces the results today since the session ended. About 100,000,000 WRX tokens were sold in the session to the launchpad participants who drew and claimed their lottery tickets. The launchpad also explained that the winners will have their balances deducted according to the number of tickets that they will win within 24 hours.

WazirX is the leading bitcoin exchange in India with an auto-matching peer to peer engine and WazirX advertises itself as working to solve the fiat to crypto conversion problem and to make the entire process regarding depositing and withdrawing fiat much more simple. WazirX will be listed on Binance starting tomorrow and there will be open trading options for WRX/BNB, WRX/BTC and WRX/USDT trading pairs at 2 am UTC.

As per the recent reports, the leading crypto exchange binance announced a lot of exchanges to the format of its changes to the format of the launchpad token sale in a blog post last year. According to the announcement, the company ‘’will use a new lottery format for the next project on Binance launchpad.’’ The system functioned as a first-come, first-served basis and had many of the users who joined the high-demand sale, without any tokens.

Back in February as reported in the altcoin news, the Binance Launchpad projects resulted in the issuance of two token-sale sessions for TRON’s Founder BitTorrent (BTT) which was for the purchases in BNB coin and the other for purchases in TRON (TRX). The token sale ended in less than 15 minutes. If binance deployed more computing power it might have influenced the process in terms of time and could have completed the ICO in less time.