Band Protocol IEO Sale Rule

The following countries/areas are not supported for this IEO

Afghanistan, Algeria, Albania, Belarus, Bolivia, Bosnia and Herzegovina, Burundi, Cameroon, Central African Republic, Chad, Congo Republic, Côte d'Ivoire, Cuba, Democratic Republic of the Congo, Ecuador, Egypt, Equatorial Guinea, Eritrea, Ethiopia, Guinea, Guinea-Bissau, Haiti, Iran, Iraq, Kenya, Korea (North), Kyrgyzstan, Lebanon, Liberia, Libya, Mozambique, Myanmar, Macedonia, Pakistan, Serbia, Sierra Leone, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Trinidad and Tobago, Tunisia, Uganda, Uzbekistan, United States of America and its territories (American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands), Vanuatu, Venezuela, Yemen, Zimbabwe.

Lottery Timeline:

2019/08/17 00:00 AM (UTC) to 2019/09/16 00:00 AM (UTC): During this period, user BNB balances will be calculated in hourly snapshots for each day over a 30-day period. Your final average daily BNB balance over these 30 days will determine the number of tickets that you will able to claim.

2019/09/16 06:00 AM (UTC): Ticket claim will open at this time for all eligible users for a 24 hour period. Users must also sign the Token Purchase Agreement at the same time, prior to completing the ticket claim. Please note that users will only be able to claim tickets once.

2019/09/17 06:00 AM (UTC): Ticket claim closes and the lottery draw begins.

2019/09/17 08:00 AM (UTC): Winning tickets are announced and the respective BNB will be deducted from each winning users’ accounts. Please ensure you have sufficient BNB in your spot exchange account to be deducted within 24 hours if you have a winning ticket. Please note that BNB in open orders, margin accounts or lending products will not be able to be deducted.

2019/09/17 08:00 AM (UTC): After this time, we will airdrop BAND tokens to all participants that did not have a winning ticket.

Lottery Ticket Allocation

Users will be able to claim up to a maximum of 10 lottery tickets based on their daily average BNB holdings (represented by X below) over the 30-day period leading up to the lottery draw date.

For example, 50 ≤ X < 100 means that your average BNB balance over the entire specified period is kept at 50 BNB or more, but does not exceed 100 BNB.

Daily Average BNB balance (X) No. of Lottery Tickets 50 ≤ X < 100 1 100 ≤ X < 150 2 150 ≤ X < 200 3 200 ≤ X < 250 4 250 ≤ X < 300 5 300 ≤ X < 350 6 350 ≤ X < 400 7 400 ≤ X < 450 8 450 ≤ X < 500 9 >=500 10

Average BNB Holdings Calculation

An example of the average BNB holdings calculation for each user is below.