Binance Wallet has announced a partnership with PancakeSwap for an exclusive Token Generation Event (TGE) for the Lorenzo Protocol. This TGE event will feature the launch of $BANK, which is the governance crypto token of Lorenzo, on the BNB Smart Chain.
Binance’s TGE for Lorenzo Protocol
The TGE will be held on April 18, 2025, from 09:00 a.m. to 11:00 a.m. UTC, with a total raise of $200,000 in BNB. A total of 42,000,000 BANK tokens (reflecting 2% of the total supply) will be made available at a price of $0.0048 USD per crypto, payable in BNB. Each Binance Wallet user can subscribe up to a maximum of 3 BNB.
As per the official statement, to be eligible for the TGE, users must have purchased Binance Alpha tokens via Binance Wallet (Keyless) or through Spot/Funding accounts on the Binance Exchange between March 19, 2025, 00:00 UTC and April 17, 2025, 23:59 UTC. Note that only acquisitions that are made after the official listing of Alpha tokens on Binance will be considered valid. Users can check their eligibility on the TGE event page and validate purchase records within their Binance Wallet (Keyless) or Binance Exchange accounts.
Token allocation will be based on a pro-rata basis, and will be calculated according to each user’s subscription amount that is relative to the total deposited during the event. There is no vesting period, and DEX trading will start immediately after the event ends, at 11:00 AM UTC on April 18, 2025, via the Binance Wallet DEX or PancakeSwap.
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