Binance Wallet to host Stakestone TGE
Binance Wallet has announced its eighth exclusive token generation event, with the Omnichain Stake liquidity protocol.
According to Binance Wallet’s announcement on April 3 on X, the event will take place from 8:00 a.m. to 08:30 UTC. Users can subscribe during this period to get a share of Stakes from Stakes. In total, 10 million Sto tokens will be allocated to marketing, with more details announced later.
Stakestone is a web3 project trying to resolve the problem of fragmentation of decentralized financial liquidity, where liquidity is distributed over many different blockchains. As a result, moving assets becomes difficult and expensive. By acting as an Omnichain system which facilitates the easy liquidity flow between blockchains, Stakestone provides a solution that improves efficiency for users and protocols.
The two main tokens used by the platform are Sto (Stakestone Token) and Vesto (Sto to vote). Sto is an omnichain fungible token built on Layerzero technology. It can be transferred transparently to different block channels without burning and redoing, improving its usefulness in multi-chaînes ecosystems. Sto is the primary governance token The Stake Ecosystem.
Vesto, on the other hand, is a derivative token obtained by locking sto for a fixed period. It is designed to reward long -term commitment and amplify the influence of governance. Vesto’s outfit improves stimulation rewards and liquidity supply yields.
To participate in the TGE, users must configure and finance their Binance portfolio (keyless). They can access the exclusive TGE subscription page after signing their Binance account.
Once there, they can subscribe to the event by connecting their wallet and depositing a piece of binance (Bnb). Users will be able to see the number of Sto tokens to which they have succeeded once the transaction has been confirmed.
The exclusive TGE of Binance Wallet, like that with Stakestone, are known to present promising and high quality projects. Previously, shade, bubblemaps, myshell and Particle Network All had their Tges on the Binance wallet. However, before participating in any TGE, users are advised to conduct their research.
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