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Binance Lanchpad has successfully completed its fifth utility chip sale and its third this year. The CELR chips (sales for Celer Network) raised more than $ 3.9 million from 3,129 investors in a single session.
Just under 600 million CELR chips were sold at a sale that ended in 17 minutes. The participants in the sale, which started on Tuesday afternoon at 14:00 GMT, bought CELR with the exchange token, Binance Coin (BNB). Individual contributions were limited to $ 1,500 each.
Celer Network wants to develop a fast, scalable payment solution that uses smart contracts to offer toll-free transactions. Built on Ethereum (ETH), the project has already organized start-up financing and private financing cycles in 2018.
The CELR tokens were sold at 0.00043400 BNB – about US $ 0.006 each. 1 NBB could buy 2 303.35821 CELR chips. Although this price is higher than the starting price, it was a 55% discount compared to the private sale, Crypto Briefing Reported previously.
Like previous sales of Launchpad, CELR has been oversubscribed. Some investors on Twitter described difficulties in participating, with many sales requests being placed in a queue and ultimately unsuccessful.
More than 39,000 potential investors have attempted to buy CELR chips, only one in ten of which has been successful. The CEO and founder of Binance, Changpeng Zhao ("CZ"), described it as "The strongest selling demand to buy us [sic] seen until now. "
Although the sale of Fetch.AI (FET) in mid-February went off without a hitch, the sale of BitTorrent (BTT) also experienced technical difficulties. Launchpad servers took 15 minutes to process the orders.
With today's sale of CELR, which took almost 18 minutes, these technical difficulties seem to have resurfaced. Although the engineers updated the software, CZ explained Twitter that Binance still has "Capacity / caching issues."
This author invests in digital badets, including ETH and BNB, mentioned in this article.
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