Voxies: Binance Announces New Project on Its Launchpad

UTC by Babafemi Adebajo · 2 min read
Voxies: Binance Announces New Project on Its Launchpad
Photo: Voxies / Twitter

The Binance Launchpad will host a public sale for VOXEL on the 14th of December.

Cryptocurrency exchange Binance has announced the introduction of the 25th project on its Launchpad – Voxies (VOXEL). It will provide support for the project on its launch pool. The previous project was the Manchester City Fan Token (CITY) which launched in November successfully. The Voxies looks like it will be just as successful.

VOXEL is the native utility token of the Voxies ecosystem, a free-to-play gaming platform. The game is a 3D tactical RPG game designed on the blockchain and has ownership at the core of its vision. It is also a team-based tactical game that allows you to control multiple characters.

The token is the in-game currency of the Voxies useful for all upgrades, and purchases on the gaming platform. It will also double as the governance token of the ecosystem in the future.

The Launchpad will host a public sale for VOXEL on the 14th of December. The target for the public sale is $46M for 10% of the total supply. The token sale will follow the Launchpad’s subscription format after which the subscription will close by the 16th of December.

Voxies on Binance Launchpad

Voxel has a total circulating supply of 300,000,000 and a hard cap of $15,000 (75,000 VOXEL). Of this, 30,000,000 VOXEL will be allocated to the Binance Launchpad. Binance will record user BNB balances for 7 days beginning from Tuesday, 7th December and continue for another 7 days. The daily average will be calculated from those seven days.

Users with eligible BNB balances will then be allowed to lock their BNBs in staking pools. The farming period will last for 3 hours. During this time, users will be able to wager their BNB into different staking pools and receive rewards accordingly.

Once the subscription period is over, users will be rewarded with VOXEL tokens and the equivalent amount of BNB tokens deducted from your stake. Once deducted, your VOXEL and BNB tokens will be returned to your spot wallet.

Altcoin News, Binance News, Cryptocurrency News, News, Token Sales
Babafemi Adebajo

An experienced writer with practical experience in the fintech industry. When not writing, he spends his time reading, researching or teaching.

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