Monday, December 11, 2023
@Copyright 2022 - All Right Reserved.
Home 2022 Binance NFT Marketplace Launches ‘Subscription Mechanism’ for a Fair, Equal Way To Buy NFTs
2022NFTNon-Fungible TokenPaul EbelingShayne Heffernan on Investments

Binance NFT Marketplace Launches ‘Subscription Mechanism’ for a Fair, Equal Way To Buy NFTs

by Paul Ebeling
written by Paul Ebeling

#binance #NFT #marketplace

Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, announced the launch of the ‘subscription mechanism’ feature. With this new feature, all participating users stand a fair and equal chance of successfully purchasing an NFT during NFT primary sales.

The subscription mechanism consists of 4 steps: preparation, subscription, calculation and distribution.

Helen Hai, head of Binance NFT, said, “Only the total number of committed participation tickets will affect the probability of getting drawn to purchase NFTs. The more tickets a user commits, the higher the chance for the user to buy more NFTs in the NFT primary sale.

“The system will select winning tickets from all committed participation tickets in a fair and random manner during the calculation phase. A winning ticket allows the user to purchase an NFT in NFT primary sales.

“Lastly, during the distribution phase, users who hold winning participation tickets will be able to purchase the NFTs in NFT primary sales, and the BNB equivalent will be deducted accordingly. The remaining BNB will then be automatically refunded to users’ spot wallets.”

Have a happy, prosperous holiday weekend, Keep the Faith!

User Avatar

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

You may also like

ECB’s Experiment Backfires: Inflation Dropping, Economies Sinking

Markets Anticipate Interest Rate Cuts Q1 2024 $BTC $QQQ $SPY

Santa Claus Rally Expected $BABA $TSLA $NIO $MSFT $QQQ

Markets Brace for Key Inflation and Fed Announcements in Final Week of...

Celebrating Christmas as a Catholic: From Festive Menus to Sacred Rituals

Examining the US’s Position in a Multipolar World

logo-white

Your Trusted Source for Capital Markets & Related News

Latest Articles

The Harmony of Creation: Exploring the Intersection of 963Hz and Faith
ECB’s Experiment Backfires: Inflation Dropping, Economies Sinking
Markets Anticipate Interest Rate Cuts Q1 2024 $BTC $QQQ $SPY

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

Facebook Twitter Instagram Linkedin
The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.