Binance along with Elrond has successfully finished its IEO (Initial Exchange Offering) lottery. It was completed with an 11,07% ratio of winning tickets. The trading of ERD will soon open on Binance exchange.
Recently we reported that Binance in cooperation with Elrond conducted an Initial Exchange Offering called Elrond. The token sale was in a form of lottery managed by Binance and participants had to stack Binance Coin in their Binance wallets in order to comply with the lottery rules. There was a total of 97,817 tickets from 40,462 participants. Binance Launchpad announced that there are 10,833 winning tickets which are held by 10,496 users. The winners of the lottery will receive 461,528.46 ERD per ticket. Moreover, Binance explains that all participants' BNB balances will be deducted within the next 24 hours, based on the number of their winning tickets. Participants have to ensure that they have a sufficient balance of BNB in their accounts in order to receive ERD.
As it was explained earlier, the maximum amount of tickets a user can get is 5 and in that case, the average BNB balance should be equal to or more than 500 BNB. The results of the lottery you can see in the image below.
Read more: https://www.coinspeaker.com/binances-elrond-lottery-trading/