Binance has announced the 31st Launchpad of its platform: Open Campus and its EDU token. Let’s see how to participate in this launch, for this protocol which aims to bring a Web3 dimension to the world of education.
Open Campus (EDU) lands on the Binance Launchpad
Today, Binance announced its 31st Launchpad with the Open Campus project and its EDU token :
➡️ https://t.co/ahqoPyG4wI pic.twitter.com/Fg1xWR6ORh
— Binance (@binance) April 21, 2023
Thus, investors holding BNB in their Binance account will be able to participate to acquire this new token at a preferential pricefor an amount calculated on a pro rata basis of their assets compared to other participants.
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How to participate in this Launchpad?
Simply having BNB in your Binance account during this holding calculation period, which runs from April 23 at 2:00 a.m. CET until April 28 at 2:00 a.m., enough to be eligible for the Open Campus Launchpad.
Every day, a snapshot will be made in order to establish an average of the BNB held within the different products of the platformwhich will determine the amount of EDUs that can be purchased.
Then say a user is eligible to buy $20 worth of EDU, they will be able to lock an equivalent amount of BNB starting April 28 8am. He will then have a 3 hour window to perform this operation:
Open Campus Launchpad Timeline on Binance
EDU tokens will be sold priced at $0.05 eachand these will be distributed on April 28 at noon after the locked BNB portion has been converted.
If launchpads are generally an opportunity to generate added value, there are still at least two parameters that must be taken into account before participating. First, when the official quotation opens, nothing prevents the price of the EDU from falling below its initial price of 0.05 dollars.
Then, if an investor must acquire BNB specifically for this operation, he must keep in mind that a possible devaluation of the price of the asset can affect the potential profitability of this Launchpad.
What is the Open Campus Project (EDU)?
Open Campus is a protocol promoting education version Web3it thus aims to better remunerate teachers and content creators, in particular through royalties paid for their courses.
One of the examples of use is the integration of this protocol by the educational platform for children TinyTap. The latter makes it possible to create games without coding, which can then be monetized, such as through a sale of copyright in the form of NFT.
For its part, the EDU will play a role of governance token, but can also serve as a means of payment in applications based on the Open Campus protocol. Of course, Binance Launchpad participants will be free to keep their EDU allocation, or sell it as soon as trading opens.
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