Binance is back with another token launch project and this time it is a gaming project token sale. WINk is the seventh project to be launched through Binance’s popular Launchpad platform and the first gaming project.
Binance’s has helped raise more than $27 million for its other six previous token launches this year. The WINk token sale is scheduled to happen in about seven days starting from July 24th when the exchange begins recording account balances.
As previously announced, the WINk token sale will follow the lottery format similar to the predecessor token sale for Elrond token. However, the main differences between the two project sales are that the margin trading balances that were recorded for Elrond project will not be included in the latest project and the maximum ticket claims have been increased from the previous 5 to 25. However, conversely, the maximum allocated token value has been reduced from $300 to $30.
Binance announced the WINk token sale on Monday, July 22nd a few days after revising its lottery format specifications. According to the announcement, the BNB token account balances will be recorded for seven days starting 2019/07/24 0:00 AM (UTC) and will be recorded every day at 0:00 AM (UTC) throughout the seven days.
An average of these seven snapshot amounts will be taken to determine the ticket allocation. This is also different from the Elrond token sale that saw investors’ BNB balances recorded throughout the day for the seven days and daily averages calculated from the multiple snapshots taken during each day.
What is the WINk project?
According to Binance research, WINk is a gaming platform based on the Tron blockchain. It is more accurately a rebrand of the TRONBet dApp which was the first gaming dApp on the Tron blockchain.
TRONBet went on to become the most used dApp on Tron as reported by DAppRadar and DappReview tracking sites.
WINk is not a “platform for users to play, socialize, and stake across multiple blockchain ecosystems that leverage the WIN token as the native digital asset within the platform,” as presented by Binance Research.
“WINk has built an ecosystem that provides a high quality, decentralized gaming experience, which enables developers to build dApps that drive genuine adoption and engages users to participate and contribute as active stakeholders in the platform.”
It is worth noting that WINk will be based on both the Tron and Binance Chain blockchains. The gaming dApp is built on Tron just as it was previously but the token will be based on the Binance Chain’s BEP2 token standards. Commenting on the token sale announcement, Ken Park, Head of WINk said that:
“We are looking forward to carrying out our commitment to deliver a superior product that benefits the gaming community and provides additional cryptocurrency utility with the support of Binance Launchpad.”
CZ also said that the gaming industry has historically been the testing grounds for new and emerging technologies. Blockchain has not been an exception as several gaming platforms have emerged based on the nascent technology.
“The gaming industry has been at the forefront of emerging technologies and has demonstrated a strong interest and demand of utilizing cryptocurrency and decentralized platforms,” he said adding that “We hope that hosting WINk on Binance Launchpad will showcase the advantages of blockchain-based gaming and help advance this space for others.”
