Lorenzo Protocol is ready to kick off an unique Token Era Occasion (TGE) by Binance Pockets, in collaboration with PancakeSwap. Happening on the BNB Good Chain, this occasion encompasses a $200,000 subscription pool for BANK tokens, providing customers an early alternative to accumulate the protocol’s native governance and utility asset.

Occasion Particulars

• Token identify: Lorenzo Protocol (BANK)
• Blockchain: BNB Good Chain
• Subscription Window: April 18, 2025, from 09:00 AM to 11:00 AM UTC
• Whole Elevate: $200,000 (in BNB)
• Tokens Accessible: 42,000,000 BANK (2% of the entire provide)
• Token Worth: $0.0048 USD/BANK (pay in BNB)
• Most Contribution Restrict: 3 BNB per consumer
• Allocations might be distributed proportionally in accordance with every consumer’s whole deposit in comparison with the general pool
• Qualification: Customers should have acquired Binance Alpha tokens utilizing both Binance Pockets (Keyless) or by Spot/Funding accounts on Binance Change through the 30 days main up to the TGE
• BANK might be out there for buying and selling on PancakeSwap beginning after April 18, 2025, at 11:00 AM UTC.

What’s Lorenzo Protocol?

Lorenzo Protocol is a pioneering decentralized finance (DeFi) platform that gives liquidity for Bitcoin (BTC), enabling customers to earn yield on their BTC whereas sustaining liquidity. By separating principal and yield by tokenized representations, Lorenzo empowers BTC holders to entry DeFi alternatives throughout a number of chains, with out giving up custody or long-term upside.

Observe Lorenzo Protocol for extra data:

Lorenzo Protocol homepage – Supply: Lorenzo

What’s BANK?

BANK is the governance token of Lorenzo Protocol, enjoying a central position within the protocol’s operations and growth. Its key utilities embody:

• Staking: Customers can lock BANK to obtain veBANK, which entitles them to future BANK rewards and participation in governance choices.
• Governance: Holders of veBANK can vote on key protocol issues similar to product updates, payment construction adjustments, allocation of ecosystem progress funds, and token emission schedules.

The best way to take part in a WIO occasion?

To hitch, customers should guarantee their Binance app is up to date to the most recent model. Then:

• Participation is proscribed to customers holding BNB on the BNB Good Chain, accessed by way of a keyless, backed-up Binance Pockets.
• Should you don’t have already got BNB, you may both swap straight inside Binance Pockets or switch out of your Binance Spot account.
• As soon as the subscription window opens, commit your BNB to take part.
• Token allocations might be distributed proportionally primarily based on whole BNB dedicated, and customers will have the ability to declare their tokens after the occasion concludes.

Token Allocation Formulation

Your token allocation might be calculated primarily based on the proportion of BNB you commit relative to the entire pool. The formulation is:

(Your BNB dedicated ÷ Whole BNB dedicated) × $200,000 (equal in BNB)

After the IDO ends, the system will routinely refund any extra BNB to your pockets.

Essential Reminders

• BANK tokens won’t be tradable till the subscription interval concludes. Deal with any tokens claiming to be BANK earlier than this date as faux. All the time confirm the official contract deal with by Lorenzo Protocol’s official channels.
• The $200,000 allocation pool contains all community and gasoline charges that customers might incur through the token distribution course of.
• Lorenzo Protocol will allocate an extra 84,000,000 BANK tokens to different advertising initiatives, distributing them in separate batches alongside this unique TGE occasion. The Binance workforce will share additional particulars in upcoming bulletins.
• This marketing campaign demonstrates Binance Pockets’s continued help for Web3 innovation, providing customers early entry to high-potential blockchain initiatives like Lorenzo Protocol.

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