Binance Wallet Announces Exclusive Token Generation Event for Lorenzo Protocol in Collaboration with PancakeSwap
Today (18th), Binance Wallet announced its partnership with decentralized exchange PancakeSwap to host an exclusive Token Generation Event (TGE) for Lorenzo Protocol on the BNB Chain. The subscription period will commence at 17:00 Taiwan Time on April 18.
According to the announcement, Lorenzo Protocol is an institutional-grade asset management platform that issues interest-bearing tokens supported by various underlying strategies. $BANK serves as Lorenzo’s governance token, which can be utilized for staking, governance, and value capture.
Exclusive TGE Subscription Information
- Token Name: BANK
- Chain: BNB Smart Chain (BNB Chain)
- Subscription Date: Taiwan Time (UTC+8) from April 18, 17:00 to 19:00
- Total Fundraising Amount: $200,000 equivalent in BNB
- Available Token Quantity: 42 million (2% of total supply)
- Accepted Currency: BNB
- Price per Token: $0.0048 equivalent in BNB
- Subscription Limit per Binance Wallet User: 3 BNB
Eligibility: Participants must have completed a valid purchase of Binance Alpha tokens through Binance’s non-custodial wallet or Binance exchange within the 30 days prior to the TGE start date (i.e., from 08:00 Taiwan Time on March 19, 2025, to 07:59:59 on April 18). Users can check their eligibility on the TGE event page.
Participation Method: During the subscription period, switch to Binance Wallet on the “Assets” page of the Binance App, click on the event banner in the “Exclusive TGE” section of the “Explore” page, and follow the instructions. It is important to note that eligible users must use a non-custodial wallet backed up in Binance Wallet to participate in the token subscription.
According to the announcement, users will be able to claim the BANK tokens subscribed after the TGE subscription period ends, and can immediately trade the tokens on Binance Wallet DEX or PancakeSwap.
For more detailed event information, please refer to the official announcement from Binance Wallet or the exclusive TGE participation tutorial.