On May 29th, Harmony submitted a proposal to Binance’s Decentralized Exchange (DEX) to list its ONE token as a BEP2 token. The proposal has been formally approved by the Binance Chain validator network today, May 30th. As such, ONE will become the first token to trade on both Binance and Binance Chain.
Harmony on Binance Launchpad: The IEO Fable Carries On
Binance is the world’s leading cryptocurrency exchange and it’s definitely making serious strides within the community, pushing the industry forward.
Following the launch of Binance Launchpad, numerous project saw themselves catalyzed into success, as the platform has proven to garner massive investor interest. While there was a turmoil at the beginning, it seems that the interest doesn’t seem to decline, but on the contrary.
Harmony was the last project to have its IEO using Binance Launchpad’s new lottery format and it has attracted more investors compared to the previous one – Matic Network.
Both projects allocated a total of 16,666 winning tickets, but in the case of Matic Network they represented 58.38 percent of the participants, while in the case of Harmony – 30.82 percent. Harmony’s session supply amounted to 1,575,000,000 ONE tokens, raising a total of $5 million.
As Cryptopotato reported, Harmony’s Co-Founder, Nick White, said that Binance will assist Harmony scale trust to billions.
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A First for Binance
Interestingly enough, Harmony’s partnership with Binance will also see a first for the cryptocurrency exchange as well. According to an official blog post, Harmony’s ONE token will be the first one to be listed on both the conventional cryptocurrency exchange Binance and its DEX – the Binance Chain.
As Harmony (ONE) will be the first token to start trading on both Binance exchange and Binance DEX at the same time following the successful token sale on Binance Launchpad, users will now have the option to trade Harmony ONE tokens on both exchanges. – Reads the official post.
To celebrate this, Harmony is launching an airdrop which will allocate a total of 25,000,000 ONE tokens to Binance Dex users within the next 5 days, 5,000,000 per day. In order to be eligible, Binance DEX addresses need to have a minimum of 10 BNB at the end of the day, as well as to reach a trading volume of 100,000 or more ONE tokens which includes buys and sells.
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