In a new step that reflects the growth and evolution of decentralized finance, Binance Wallet announces hosting an exclusive Token Generation Event (TGE) on the BNB Smart Chain for the Lorenzo Protocol project, in collaboration with PancakeSwap, one of the leading decentralized trading platforms.

Event details:

  • Token Name: BANK (the governance token of Lorenzo Protocol)

  • Date: April 18, 2025

  • Time: From 09:00 AM to 11:00 AM UTC

  • Chain: BNB Smart Chain

  • Price per token: $0.0048 (paid in BNB)

  • Maximum subscription per user: 3 BNB

  • Available quantity: 42,000,000 BANK (representing 2% of the total supply)

  • Allocation method: Pro-Rata

Who can participate?

To participate in this exclusive event, the user must have purchased Binance Alpha tokens through Binance Wallet (Keyless Wallet) or from Spot / Funding accounts on the Binance platform during the period from March 19, 2025, to April 17, 2025.

How to check eligibility:

Users can check their eligibility through the official event page within Binance Wallet. The wallet used for the subscription must be Keyless and backed up within Binance Wallet, as imported or exported wallets are not considered eligible to participate.

Participation steps:

  1. Open Binance Wallet.

  2. Click on the TGE event banner.

  3. Make sure you have enough BNB balance on the BNB Smart Chain.

  4. Transfer BNB to the wallet if necessary.

  5. Once the subscription time starts, link your BNB.

  6. After the period ends, you will be able to receive your share and reclaim any unused amounts.

Why BANK Token?

BANK Token is the primary governance token of Lorenzo Protocol, providing a range of uses, including:

  • Staking: The ability to lock tokens to receive veBANK for participating in governance and earning future rewards.

  • Governance: Voting on significant changes to the protocol, such as usage fees, new products, and ecosystem growth plans.

  • Value Capture: Buying back tokens from the market using profits from Lorenzo Protocol.

What is Lorenzo Protocol?

Lorenzo is a protocol for managing institutional assets, offering tokens backed by returns from diverse strategies, with key producers:

  • stBTC: Represents BTC with Staking returns through Babylon.

  • enzoBTC: Wrapped BTC token containing integrated Lorenzo returns and on-chain farming yields.

Trading start date:

Once the subscription period ends on April 18, 2025, at 11:00 AM UTC, BANK tokens can be traded immediately on Binance Wallet DEX or via PancakeSwap.

Warning and notice:

  • No BANK tokens will be traded before the official date. Any tokens traded before that are considered fake.

  • Please ensure the smart contract address for the token from official channels of Lorenzo Protocol.

  • Binance Wallet reserves the right to revoke the eligibility of any participant found to be involved in suspicious activities such as money laundering or market manipulation.

Don't miss this exceptional opportunity to participate in a promising project that opens new doors in the world of decentralized finance. Be part of the future and participate now in the exclusive TGE of Lorenzo Protocol!

$BNB