How to invest in the Alien Worlds IEO on Binance?
Binance introduced the new IEO - Alien Worlds on Binance Launchpool. The project will be conducting the platform’s nineteenth IEO on their staking platform. The project is offering TLM tokens through the Binance launchpool's new staking program by selling 150,000,000 of its TLM tokens (1.5% of the total TLM supply). Users can stake BNB or BUSD Tokens.
Alien Worlds is a blockchain-based DApp game, where their Trilium (TLM) token was developed as the native utility token of the Alien Worlds DApp.
1. Create an account on Binance
The first step for participating in the token sale is to create an account on Binance.
After you successfully register, go to the Launchpad section of the navigation menu. Now, you can see all the completed and upcoming IEOs on Binance.
2. Select Alien Worlds IEO
After you're verified, select the Alien Worlds IEO from the list of upcoming and completed Binance Launchpad token sales. You'll need to select which token will you stake (BNB or BUSD).
3. Alien Worlds IEO Calculation and Distribution Rules
For the Alien Worlds token sale, users will be able to obtain TLM tokens only by staking BNB or BUSD. Users will need to complete a flexible savings transfer after April 6, 2021, at 0:00 AM (UTC) so that their balance is included in the Launchpool calculations.
After you've completed your flexible savings transfer, your stakes token balances will be recorded each hour for 30 days after the staking period begins to calculate a daily average token balance. The rewards allocated to each pool will be split evenly every day, over the 30 day period.
Flexible savings tooltip:
Note that Flexible Savings product subscriptions are closed during 23:50-00:10 (UTC) daily. That means that no interest is acumulated on products purchased on the day of subscription. Interest is calculated the next day.
Interest calculation tooltip:
The interest amount is calculated and distributed daily based on your available flexible savings assets. The interest amount is rounded down to 8 decimal places.
You can stake multiple times if you want. You can buy and trade BNB or USDT and add them later on during the staking period.
After you confirm the transfer you'll receive a "Subscription success" pop-up message.
You can check your staking Pools at any time if you go to the Launchpool tab and click Launchpool Farming on the left side of the screen.
Note that the pictures below are from old IEO Launcpool Farmings.
4. Staking Period
Users will be able to stake their assets from April 7, 2021, at 00:00 (UTC) to May 6, 2021, at 00:00 (UTC) after successfully completing their flexible savings after April 7, 2021, at 00:00 (UTC). For additional details, head over to the Binance support page.
5. Redeem Funds
The staking platform allows users to redeem their funds before the staking period ends. You can redeem your funds by choosing one of the two methods allowed:
- Fast redemption
The redeemed quantity is returned to you the same day, but you don't receive interest from that day
- Standard redemption
The redeemed quantity is returned to you the next day and you still receive interest from that day.
To redeem your funds go to your Savings and chose Redeem.
You'll then need to select one of the two available methods to redeem your funds.
Binance introduced the new IEO – Alien Worlds on Binance Launchpool. The project will be conducting the platform’s nineteenth […]