The token sale platform of one of the largest crypto exchanges on the market, the Binance Launchpad has completed another successful token sale of the Celer Network. In our blockchain news below we will read exactly what happened during the token sale.
In an official press release, the crypto exchange announced the fundraising results for the Celer Network. The sale was completed in less than 17 minutes and ended up with increasing the hard cap of the project of $4 million worth of the CELR tokens. This token sale is the third successful one on the Binance Launchpad Platform since 2019 has started which also managed to raise millions of dollars in record time. The first time this happened was with the BitTorrent token sale which sold out in 15 minutes while the second was the one of Fetch.AI also sold out in minutes.
The CELR tokens were sold for 0.
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000434 BNB so now the market is focused at the price movements after the listing on Binance. Anyway, this event shows how big the power of Binance is and how great the authority of the platform is because of its ability to back managers and restore the users’ trust in events that are meant to raise enough funds.
However, it seems like the community is not satisfied. The larger part of the community bombed the Binance Twitter homepage with disapproving messages and angry, disappointing comments. Binance was not able to cope with the large demand so users faced major technical issues just as the token sale started. Before the start of the event, Binance told its users to refresh the token sale page on the Binance Launchpad when the timer hits zero.
Twitter users and other social media users complained they got logged off from their accounts. Also, many were unable to log in multiple times and had a hard time entering the platform. Others complained about the incorrect balance dashboard and the inconsistencies with funds as they were placing their buy orders. After the users managed to place their orders, their orders were ignored for some time.
Changpeng Zhao, the CEO of Binance explained that the platform had ‘’capacity/caching issues’’ despite the newest upgrade. He also made clear that about 40,000 people tried to buy the CELR tokens but only 31,129 managed to do so.
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