Binance Prepares for New Token Creation Event
Binance, a leading cryptocurrency exchange, is preparing for a new token creation event. This event will be held for the liquidity infrastructure protocol StakeStone, allowing users to participate in acquiring new tokens by meeting certain conditions. According to Binance’s announcement, the event will take place on April 3rd through the BNB Chain for a limited time, potentially leading to significant movement in the market both technically and in terms of user interest.
Event Duration, Participation Requirements, and Token Details
The StakeStone token generation event (TGE) is scheduled for April 3rd, Wednesday, from 08:00 to 08:30 UTC. Lasting only 30 minutes, a total of 50 million STO tokens will be issued, which constitutes 5% of StakeStone’s total supply. According to Binance, the target funds to be raised from the event amount to 1 million dollars in BNB.
Users wishing to participate in the event will need to perform transactions through Binance Wallet. Binance announced that the event will be conducted on the BNB Chain and PancakeSwap, emphasizing that users must have sufficient BNB in their wallets. Each participant can purchase tokens worth a maximum of 3 BNB, with the token price fixed at $0.02.
Allocations will be distributed fairly based on the amount of BNB subscribed. The tokens are expected to start trading on PancakeSwap as of 08:30 UTC, indicating that liquidity could quickly spread into the market.
Strong Support from Binance and BingX for the Project
Following Binance’s hosting of the event, BingX, another major player, announced its support for the project. According to BingX, from April 2nd to 7th, the STO token can be staked on Launchpool with zero fees, presenting a low-risk, easily accessible option for users.
With BingX’s user-friendly approach, it is believed that more people will express interest in the event. Such supportive platform initiatives can enable new projects to reach broader audiences quickly. For users involved in the staking process, early participation could translate into potential gains.
Market observers view the cooperation between major platforms like Binance and BingX as a positive signal for the industry. Such collaborations can contribute not only to the project but also to diversity and innovation within the cryptocurrency market. Participants are advised to read the necessary information carefully and make strategic decisions before getting involved in these events.