Binance is offering $KERNEL tokens through its latest MegaDrop event. Curious about the KERNEL token and its tokenomics? Let’s dive in!
What is the KERNEL Token? $KERNEL is the governance token of KernelDAO, created to optimize liquidity and staking processes within the DeFi ecosystem. By staking $KERNEL tokens, users can earn passive income and participate in decision-making processes for the platform’s future.
The total supply of $KERNEL is set at 1 billion, with an initial circulating supply of 162 million—about 16.2% of the total supply. For the Binance Megadrop event, 40 million tokens have been set aside, representing a quarter of the initial circulating supply.
Token Distribution Breakdown:
55% Community & Rewards 20% Team 20% Private Sale 5% Ecosystem
What is Binance Megadrop? Binance Megadrop is a platform where users can earn token rewards by engaging with Binance’s Simple Earn and Web3 Wallet services.
The rewards system is based on points earned through the amount of BNB locked and the duration of the lock. Additional points can be earned by participating in quizzes available through the Binance Wallet.
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