Cryptocurrency exchange Binance has announced its “first double launch”. It is being implemented in conjunction with the Alpha Finance Lab (ALPHA) project, which will be added to the Launchpad and Launchpool platforms.
Binance Launchpad is an Initial Exchange Offerings (IEO) platform. The Alpha Finance Lab token sale will be held on its basis. User BNB balances for ticket distribution will be recorded from September 30 to October 8.
In total, Alpha Finance Lab intends to raise up to $2 million by distributing ALPHA 100 million or 10% of the total issue. One winning ticket entitles you to a $200 allocation. The winning ticket numbers will be announced on October 9th.
At the same time, BNB will be debited from the investors’ accounts for the purchase of ALPHA.
ALPHA 50 million will also be distributed to users of the Binance Launchpool platform from September 30 to October 30.
Users are encouraged to stake BNB, BAND and BUSD to get their own project tokens. Alpha Finance Lab is developing a cross-chain DeFi platform focused on creating an ecosystem of products that will interoperate and give users an edge across a variety of blockchains, from Binance Smart Chain (BSC) and Ethereum.