What is a TGE (Token Generation Event) on Binance?
A TGE is the initial creation and distribution of a cryptocurrency token for a new project. It’s often the first opportunity for users to buy or earn a token before it is widely available on exchanges.
How TGEs Work on Binance
On Binance, TGEs typically happen through Binance Launchpad. A platform for Initial Exchange Offerings (IEOs).
Users commit BNB (Binance Coin) to buy the new tokens at a set price.
After the sale, the token is usually listed on Binance.
Second Option, Binance Launchpool instead of paying for the new token, users stake existing tokens (BNB, BUSD, FDUSD, etc.) and farm new tokens over a set period. It id less risky since you don’t spend your tokens, just lock them temporarily.
Let's discuss about Nodes
What Are Nodes?
A node is any computer that participates in a blockchain network by storing a copy of the blockchain and/or validating transactions.
Nodes on Binance Smart Chain (BSC)
A. Validator Nodes
1. Validate transactions and create new blocks.
2. Limited in number (21 active validators).
3. Must stake a significant amount of BNB.
4. Selected via a Proof of Staked Authority (PoSA) consensus.
B. Full Nodes
1. Store the complete blockchain.
2. Relay transactions and blocks but don’t validate them.
3. Anyone can run one (no staking required).
Requirement for running a Validator Node
1. Technical skills, hardware, and 10,000+ BNB (for practical chances). Validators earn transaction fees and rewards.
2. You can delegate your BNB to a validator via Binance Chain Staking if you can’t run your own node.
While TGEs and nodes serve different functions, they can be connected in several ways:
Suggestions:
If you want to participate in early-stage crypto projects, watch Binance Launchpad and Launchpool.
If you want to contribute to blockchain infrastructure (and potentially earn ongoing rewards), explore running or delegating to nodes.
Some advanced projects require both: buy tokens in TGE and stake them to operate or support nodes.
