Binance Announces the First Gambling-Focused Launchpad Project: WINk (WIN)
— Binance (@binance) July 22, 2019
According to the announcement, WINk’s token sale will follow a lottery format and begin on July 23 at 8:00 PM (EDT) with the drawing on July 31. This time around, the maximum number of claimable tickets has increased from 5 to 25, following significant backlash during the previous Elrond (ERD) sale.
WINk aims to become the blockchain industry’s premier gaming platform for users to play, socialize and stake across multiple blockchain ecosystems. The platform already includes a number of casino-type games, including poker, dice and slots, and has a community of over 16,000 players.
“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,” said Binance CEO Changpeng “CZ” Zhao. “Compared to centralized marketplaces, decentralized gaming platforms provide a wide range of tangible benefits from allowing users to keep complete custody of their funds, to fairness and security ensured by auditable smart contracts. We hope that hosting WINk on Binance Launchpad will showcase the advantages of blockchain-based gaming and help advance this space for others.”
$6 million worth of WIN tokens — 5% of the total supply of 999 billion — will be offered during the Launchpad sale. The sale price of $0.0001201 per token values the project at $25 million based on the initial circulating supply and $120 million based on the total supply.
“We truly believe that blockchain technologies can revolutionize the gaming industry and provide excellent user experience,” added Ken Park, Head of WINk. “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.”
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.