Binance NFT Marketplace Introduces ‘Subscription Mechanism’ to Provide a Fair and Equal Way to Buy NFTs

Singapore, Singapore, 10th January, 2022,

Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has today announced the launch of the Subscription Mechanism feature. With this new feature, all participating users stand a fair and equal chance of successfully purchasing an NFT during NFT primary sales.
The Subscription Mechanism consists of four phases: Preparation, Subscription, Calculation, and Distribution.
During the Preparation phase, users are required to meet the minimum daily average BNB holding, which is set by the NFT creators and may differ from project to project, to be qualified to participate in NFT primary sales. The average daily holding amount of a user is calculated based on the average of their total BNB amount in all wallets from the date where the preparation phase starts.
Users who meet the minimum requirement will proceed to the Subscription phase where they would be allocated particip

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