Binance will soon launch the Launchpad project-The Sandbox (SAND). This event will be based on the lottery model, Binance will allocate lottery numbers based on the average daily BNB holdings of users on the 7th. The snapshot period of BNB holdings is from 8:00 am on August 6th to 8:00 am on August 13th. The total amount of SAND tokens is 3 billion, and the launchpad quota is 360 million (12% of the total). The exchange ratio is 1 SAND = 0.008333 USD, the maximum number of winning tickets is 15,000, and each winning number can be purchased for 200 USD (24,000 SAND).