Lorenzo Protocol to Host Token Generation Event (TGE) on Binance Wallet

Binance Wallet has announced a major event in the world of cryptocurrency, partnering with PancakeSwap to host the highly anticipated Token Generation Event (TGE) for Lorenzo Protocol.

Binance Wallet is hosting a Token Generation Event (TGE) for Lorenzo Protocol’s $BANK governance token, which will launch on the BNB Smart Chain. The event will take place on April 18, 2025, from 09:00 AM to 11:00 AM UTC.

A total of 42,000,000 $BANK tokens, which constitutes 2% of the total supply, will be available for purchase at a price of $0.0048 USD per token, with payments to be made in BNB. Binance Wallet users can subscribe to the event, with each participant limited to a maximum of 3 BNB for purchasing $BANK tokens.

To be eligible for the TGE, users must have purchased Binance Alpha tokens through Binance Wallet (Keyless) or via Spot/Funding accounts on the Binance Exchange between March 19, 2025, and April 17, 2025.

The event will commence at 09:00 AM UTC on April 18, 2025, and conclude at 11:00 AM UTC on the same day.

Those who wish to participate in the TGE can do so by following these steps:

1. Open the Binance Wallet App and navigate to the "Discover" Tab.

2. Locate the "Join Now" button for the Lorenzo Protocol TGE and tap on it to be redirected to the subscription page.

3. Enter the amount of BNB you wish to use to purchase $BANK tokens. The minimum subscription amount is 0.1 BNB, and the maximum is 3 BNB.

4. Confirm your subscription by tapping on the "Subscribe" button.

The $BANK token allocation will be determined on a pro-rata basis, taking into account the total amount subscribed by users and the total amount of BNB used by each participant.

Crucially, there is no vesting period for the $BANK tokens. Immediately following the TGE at 11:00 AM UTC on April 18, 2025, the token will be available for trading on either the Binance Wallet DEX or PancakeSwap.

About Lorenzo Protocol and $BANK Token

Lorenzo Protocol is a decentralized platform that aims to provide innovative solutions in the cryptocurrency industry. The $BANK token serves as the governance token for Lorenzo Protocol, and it will be launched on the BNB Smart Chain.

Those who hold $BANK tokens will be able to participate in decision-making processes within the Lorenzo Protocol ecosystem.