Binance - you ve lost a member. Congrats

[DarkbLue]

The reason i went into that launchpad was mention there "hard cap per user is 10k porto" , i havent lost anything  but i could of earn more on trading. They play different scenario on background, my bad that didn't investigate more.

But if you are binance and you post something that written hard cap is bla bla.. You dont seem to investigate more. "well that was on me"
Warning for future: do not invest on launchpad that runs on the local exchange.

[Oshosondy]

How exactly were you scammed?

Did you think Lazio fan token was a scam? It wasn't in my high opinion. I do not know the price of the token now, but the price really went up when it was launched from $1 to $100 and was at $20 the last time I checked.

About Porto fan token, how is a token that hasn't been distributed to be a scam?

[DarkbLue]

How exactly were you scammed?

Did you think Lazio fan token was a scam? I wasn't in my high opinion. I do not know the price of the coin now, but the price really wnet up when it was kauched from $1 to $100 and was at $20 the last time I checked.

About Porto fan token, how is a token that hasn't been distributed to be a scam?

I committed 16.364 BNB which is hard cap per user, in return i only allowed to buy with 0.00625 BNB. Not everybody committed above 16 BNB. The calculation is wrong. And for the Lazio tokens they have opened to exchange after 20 min they distrubited our tokens. I m not telling that this tokens are scam. The scam is made by binance to cheat their users.

[LoyceV]

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:

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:

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.

[DarkbLue]

Here you go for the ones does not understand! 

[Hard cap per user
10000 PORTO = 16.3640 BNB (≈ 9603 USD)] as shown on their website.

https://launchpad.binance.com/en/subscription/PORTO_BNB

[RapTarX]

16.384 bnb hard cap per user

That's the maximum allocation a user can get of; doesn't necessarily mean you will get 16.384 BNB allocation if you hold 16.384 BNB. There are people with thousands of BNB, their allocation must be higher than you. That's how Binance designed the launchpad. The more BNB you hold, the more allocation you get.

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?

It's Binance Launchpad aka ICO. FC Porto has launched their ICO through Binance Launchpad; anyone can participate with holding BNB but holding 1 or 2 BNB for a week will only get you 5/6 PORTO coins.

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.

OP doesn't know how it works. As I said above, the maximum investment an individual can do is 16.384 BNB regardless of how much (I mean high) BNB they hold. If I'm correct, there's an explanation of who got how much.

[Bitcoin_Arena]

I am not a fan of Binance and Binance launch pad crap, but it's important to know what you are getting into before throwing your money into the tokens. I have seen some people complain about loosing lots of money in those fan tokens that pump and dump

To understand more, about how the allocations are calculated. You might want to start reading here;
- Launchpad Subscription Allocation Calculation and BNB Deduction Rules
- Frequently Asked Questions on Launchpad Subscription

[r34tr783tr78]

Op I dont deny the facts as you posted but you should post evidence of them instead of expecting the reader to go read about it. You were expecting that a token created to explore soccer fans and the name of another soccer club was legitimate? If it was promoted by the club but its just another dark initiative. 190.556 people wasted money on this? With so many naive people how couldnt scamming be profitable.

[stompix]

Here you go for the ones does not understand!  

[Hard cap per user
10000 PORTO = 16.3640 BNB (≈ 9603 USD)] as shown on their website.

Sorry but you're the one not understanding a thing.
Loycev has already provided all the info, but you're fixed on one value.

That was the hard cap per user, that hard cap has nothing to do with the total sum, that's why oversubscription is mentioned.

A total of 190,453 participants committed 8,379,322.4306 BNB during the subscription period, representing an oversubscription of 1,280x.

You're dividing the oversubscription by the number of users who committed and ....pointing out what?
Have you read how it works? There is a clear as the sky guide here!

Not defending their token here but you're not even making sense in whatever you're accusing them of doing

[cryptoaddictchie]

I committed 16.364 BNB which is hard cap per user, in return i only allowed to buy with 0.00625 BNB. Not everybody committed above 16 BNB. The calculation is wrong. And for the Lazio tokens they have opened to exchange after 20 min they distrubited our tokens. I m not telling that this tokens are scam. The scam is made by binance to cheat their users.

I'm not sure how did you come up with this. Committed shares of bnb doesn't mean that you are getting the 16bnb allocation. Of course you're getting low compared to those who stake or committed a lot of bnb. I have many friends who are given alloc of 1 to 3 bnb but their committed are huge amount of bnb like 100, 200 and more. That's how your percentage tallied based on all who staked. It's not cheating but the number of participants are too many.

Actually I don't see any reason to call them scam from this accusation. That's how launchpad work on binance, it's quite frustrating getting a small alloc but that's the rule. Doesn't mean they are scam.