Post
Topic
Board Scam Accusations
Re: Scam alert!! Binance
by
LoyceV
on 16/11/2021, 13:02:36 UTC
16.384 bnb hard cap per user
Tokes offered 4.000.000 Porto
Price per token 1usd=0.0016364 Bnb
8.380.684,368 Bnb committed
By 190.556 users

İn this scenario
8380684%190556=43.9801633116
Please provide more details, starting with what this is all about. Google brings me to FC Porto on CMC, which suddenly is worth $480M.
Binance writes this:
Quote
Binance has completed the subscription format Launchpad for FC Porto Fan Token and the final token allocation results are now showing on the FC Porto Fan Token Launchpad Page.

A total of 190,453 participants committed 8,379,322.4306 BNB during the subscription period, representing an oversubscription of 1,280x.
Now I still have no idea what this is about, but it sounds like Binance is using their own centrally controlled made-up coin to hype another made-up token. Why did people "commit" 5 billion dollars (in Binance's centralized coin) to this?

Back to Binance's announcement:
Quote
Users that committed 50 BNB received an allocation of 25.3706624 PORTO and will have 0.04151655 BNB deducted.
That doesn't seem to match this:
I committed 16.364 BNB which is hard cap per user, in return i only allowed to buy with 0.00625 BNB.

Do you see what's wrong here.
I see a hype that reminds me of the peak of the ICO, but I'm not sure what you're getting at. Can you start by not using a "dot" for thousands and for decimals? It's quite confusing to read now.