Binance Wallet Gears Up To Host Token Generation Event For Lorenzo Protocol In Collaboration With PancakeSwap

Self-custody Web3 wallet Binance Wallet It has announced plans for holding a Token Generation Event (TGE) for the Lorenzo Protocol in collaboration with a decentralized exchange PancakeSwap . 

The Lorenzo Protocol is being introduced as a sophisticated asset management platform aimed at institutions, offering tokens that generate yields backed by various investment strategies. Among its notable offerings are stBTC—a Bitcoin Liquid Staking Token utilizing Babylon’s staking capabilities—and enzoBTC, a wrapped Bitcoin product that merges native yields with returns from on-chain liquidity farming. These innovations are designed to attract both institutional players and sophisticated retail investors in search of yield opportunities within a decentralized environment. Lorenzo The TGE initiative aims to raise $200,000 in BNB by distributing 42 million BANK tokens, which accounts for 2% of the overall supply. Each token will be priced at $0.0048 USD in BNB and participants can subscribe with a maximum limit of 3 BNB per wallet to foster inclusive participation while ensuring fair distribution.

To qualify for participation, users must have acquired Binance Alpha tokens via

or through their Spot or Funding accounts on the Binance Exchange within a specified period—specifically from March 19 to April 17. This prerequisite aims to boost user engagement with Binance’s ecosystem right before the TGE. Binance Wallet Token allocation will be calculated on a pro-rata basis, meaning that participants will receive a number of tokens relative to their invested amount compared to the overall contributions during the event. There won’t be any waiting period for token availability, and trading can kick off right after the TGE wraps up on April 18th at 11:00 AM UTC through Binance Wallet DEX or PancakeSwap. This feature of immediate liquidity could entice users interested in tapping into early trading opportunities post-launch.

How To Join The Lorenzo Protocol Token Generation Event

Starting from April 18th, between 09:00 AM and 11:00 AM UTC, eligible users can participate by visiting the Binance Wallet, clicking on the relevant promotional banner, and adhering to the instructions provided. This timeframe is designated as the official subscription period for the token offering.

Participants must use a Keyless wallet that has been securely created and backed up within Binance Wallet. Each holder of wallets on the BNB Smart Chain is capped at a maximum subscription of 3 BNB, ensuring an equitable distribution of tokens.

As the subscription phase unfolds, users will have the opportunity to commit their BNB. The final token distribution will follow a pro-rata model, so the number of tokens allocated will be proportional to each participant’s deposit when compared to the overall contributions collected during the event. After the subscription window closes, users can claim their tokens according to their allocation alongside any unused funds, creating a transparent and fair token distribution system.

Please remember that the information presented here should not be misconstrued as legal, tax, investment, or financial advice. It’s essential to invest only what you can afford to lose and to seek independent financial counsel if you have any uncertainties. For additional details, we recommend reviewing the terms and conditions, as well as the help and support sections provided by the issuing party or advertiser. MetaversePost is dedicated to delivering accurate and impartial reporting; however, market conditions are subject to change without prior notice.