Crypto News Today: Binance Wallet Launches New Pre-TGE Prime Sale Format for Advanced Projects
Binance Wallet launches new Pre-TGE Prime Sale format, offering fair access to mature crypto projects and expanding user participation opportunities.
Binance Wallet is introducing a new presale format. It is called the Pre-TGE Prime Sale edition. This format slightly changes token pre-sales. The intention is to get more users to have early access to cutting-edge work. These projects are already further developed.
Binance Wallet Opens Exclusive Access to Mature Projects
In other words, this format is not for small projects that are just ideas. Prime Sale listings are focused on teams that demonstrate more improvement. Binance says that this makes it easier for ordinary users to evaluate them. Often, these chances are limited to private rounds. Otherwise, they were too restrictive for well-connected investors before. Therefore, the company presents this as an access expansion. In addition, they will utilize the traditional wallet-native subscription flow.
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Often, opportunities to obtain these tokens were difficult to come by. This was the case for the majority of users before the Token Generation Event (TGE). As a consequence, the Prime Sale broadens access to more mature projects. The mechanism works much like the previous Pre-TGEs that have been stored on the platform. The project token can only be subscribed to. This is only possible on the Binance Wallet environment. The process is easy for everyone involved.
The subscription process is implemented very closely to the over-subscription model. Members can add a pre-defined amount of BNB. This is the maximum deposit that is allowed per user. Distribution of tokens is proportional to the amount of BNB deposited. It takes all deposits of all participants directly into the total. Therefore, the process assures equal allocation of tokens to the participants in a comparatively short duration. This transparency establishes essential trust with the user.
Prime Sale Benefits Focus on Maturity and Fair Distribution
After the official expiry of the subscription period, the user can redeem allotted tokens. This is easily maintained by selecting the Assets tab. These tokens are directly credited to their accounts. However, they are non-tradeable up to the official launch date. This date is declared individually by the project team. Furthermore, any extra BNB amounts are automatically refunded to the user.
In comparison with the conventional TGEs on the Binance wallet, these projects are mature. The Pre-TGE Prime Sale offers projects of a similar stage of maturity. This model also encompasses projects normally less accessible. Due to their stage of development, access was often severely limited. This new format allows everybody all over the world to access it. Therefore, it has a democratizing effect on financial opportunity within the ecosystem.Â
The Prime Sale connects projects with a verified user base. This huge and real user base creates many authentic engagements at an economical rate. The Pre-TGE Prime Sale is usually accompanied by larger sale volumes. This makes the game accessible to far more people to play successfully. In the end, this results in a significant enhancement of overall accessibility and active platform engagement. This leads to the real building of communities.
Some sales include Prime Sale Keys in the game mechanics. These keys are saved in the user’s wallet as proof of subscription. The keys are non-tradable and have no monetary value. Specifically, they are effective during Phase 2 mechanics. After the period, users can take possession of the keys. They get the keys as well as whatever leftover funds were paid for the subscription. Therefore, the keys serve as a secure receipt of purchase