Binance Will Held IEO Cryptoproject Kava

Similar to Binance token sales, the event will be held in a lottery format with the subsequent distribution of tokens for those, who cannot win anything.

BNB balances fixation of Binance users has already begun and will last 30 days (from September 23 to October 23). The average value for 30 days will be considered, and the balances fixation will be taken into account as the average value per day.

Kava has allocated 6.521.739 of its tokens, the sum of which is $3 million. The number of lottery tickets for participation will be calculated according to the next table:

The maximum number of lottery tickets for one account is 10.

On October 24, after the end of mentioned lottery, a distribution of 326,087 KAVA tokens will be held for participants, who have not won a single ticket. Users with at least one winning ticket are not allowed to airdrop.

The number of tokens per participant will be calculated as follows: (number of participant tickets / total number of non-winning tickets of all non-winning participants) ✕ total distribution pool.