Binance collaborates on NFT "STEPN x ASICS", releases IGO details, subscription price 0.5 BNB, limit one ticket per person
The blockchain game "Stepn," in which Binance has invested, released more details today, 4/12, after announcing a collaboration with the well-known sports brand Asics to launch a co-branded shoe event. Additionally, the Binance App has launched an NFT market tool, allowing users to participate in this IGO event through the mobile app.
According to the subscription page, this IGO (Initial Game Offering) will issue 1,000 shoebox Mystery boxes:
- Price of each Mystery box: 0.5 BNB.
- Common shoeboxes: 850 units, 85%.
- Unique shoeboxes: 150 units, 15%.
- Subscription limit: 1 ticket.
Both common and unique shoeboxes have the chance to contain four different types of NFT sports shoes: Walker, Jogger, Runner, and Trainer. Unique shoeboxes have a higher chance of containing unique running shoes, but there is also a possibility of receiving common running shoes.
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Table of Contents
Binance NFT Subscription Mechanism
The NFT subscription mechanism is similar to Binance's IEO and requires verified users to:
- Hold BNB: Hold a certain amount of BNB for a period of time.
- Specific NFT: Hold a specific NFT to qualify for the lottery.
- Choose one of the two options.
The lottery condition for this round should be "hold BNB," and there will be four phases:
1. Preparation Phase 4/13 08:00 - 4/16 10:00: The Binance subscription page will display the minimum BNB holding required for users and whether they qualify.
During the preparation phase, users' BNB will not be locked.
2. Subscription Phase 4/16 10:00 - 4/19 17:00: During the subscription phase, users need to submit the number of tickets they want to subscribe to, but the maximum limit for "STEPN x ASICS" is one ticket.
At this point, BNB will be locked until the end of the fourth phase of the lottery.
3. Calculation Phase 4/19 17:00 - 4/19 20:00: Lottery phase.
4. Distribution Phase: 4/19 20:00: Winners will have their locked BNB deducted and receive the qualification to purchase NFT, while non-winners will have their BNB returned to their spot wallet.
The Binance event page shows that the total supply of STEPN x ASICS joint NFT running shoes is 2,000 pairs of common and unique, indicating there may be another wave of activities.
Easter Egg: Special Raffle Event
Binance offers a raffle event with partner media outside of the IGO subscription event. Just fill in your UID and answer the question for a chance to win extra STEPN sneakers!
If you do not have a Binance account, feel free to use the referral link: https://www.binance.com/en/activity/referral/offers/claim?ref=CPA_00SYE9X4FD