In the official announcement, Binance introduced the 17th project on the HODLer Airdrops portal – StakeStone (STO). This exchange also revealed that they will list the project today, triggering a price surge for STO – a new ATH for the token.
StakeStone is a multi-chain liquidity asset protocol building an adaptive staking network for ETH/BTC liquidity.
The project offers users the following benefits:
Offset opportunity costs through optimized staking
More than 50 Stone-Fi protocols
An easy payment option coming soon
Stakestone promises to unlock the true potential of ETH while providing a unified BTC custody asset ecosystem. BTC custody assets released across multiple chains will be consolidated into a single Omnichain BTC asset, providing unified omnichain liquidity for fragmented custody BTC.
According to the project's official website, the project has over 100 partners, including Binance, and will provide optimized staking returns, enhanced capital efficiency, and deep multi-chain liquidity for BTC locked over time.
Details about Binance STO HODLer Airdrop
This exchange's HODLer Airdrops program rewards BNB users with airdrop distributions based on historical data of their BNB balances.
In the official announcement, Binance revealed that users who have registered for the BNB Simple Earn product (Flexible and/or Locked) and/or On-Chain Yields from 00:00 on April 27 (UTC) to 23:59 on April 29 (UTC) will receive an airdrop distribution.
The cryptocurrency exchange also listed the following important details about the STO airdrop:
The total supply of Genesis tokens will be 1 billion STO tokens.
The maximum token supply will be 1 billion STO tokens.
The HODLer Airdrops token reward will be 15 million STO tokens, accounting for 1.5% of the total maximum token supply.
An additional amount of 15 million STO tokens will be allocated for other marketing campaigns in three-month batches after listing.
The circulating supply at the time of listing on Binance will be over 225.3 million STO tokens, equivalent to 22.53% of the maximum token supply.
The STO listing fee will be 0.
Binance also revealed details about the smart contract/network for BNB Smart Chain and Ethereum.
The cryptocurrency exchange has provided detailed information about the STO listing in its official notes.
Binance STO listing details
Binance revealed that they will list STO with an applied Seed Tag, meaning this project is newer and may have a higher level of volatility compared to other listed projects, requiring users to be more cautious.
The exchange will list the following trading pairs today, May 2, at 16:00:
STO/USDT
STO/USDC
STO/BNB
STO/FDUSD
STO/TRY
Binance also informed that its users can start trading STO on Binance Alpha, but this digital asset will no longer be included on this platform after being listed on the main exchange.
STO reached a new ATH after Binance's announcement.
STO price reached a new ATH of $0.19
Before Binance's announcement, STO was trading at around $0.12, with a market cap of over $27 million, and the price of this digital asset surged over 30% after the upcoming listing announcement from this cryptocurrency exchange.
STO reached a price of $0.19, a new ATH, with a market cap of nearly $43 million before cooling down to the current level.
At the time of writing this article, STO is trading above $0.16, with a market cap of over $37 million.
