Binance announced Perlin Network as its next token sale (IEO). This will be the ninth selection from Binance, which has carefully monitored projects and has held about one IEO per month.
This time, the crucual difference will be the holding period for Binance Coin (BNB). The exchange extends the holding and snapshot period to 30 days before the token sale, a significant limitation to potential buyers. But the new token sale rule would also take away BNB from circulation and encourage holding onto the asset.
Binance takes a snapshot of BNB balances, then distributes the right to participation based on a lottery principle. This technique was used to avoid the uncontrolled buying of tokens, which was unfair to buyers n...