Lorenzo Protocol is kicking off an exclusive Token Generation Event (TGE)

Taking place on the BNB Smart Chain, this event features a $200,000 subscription pool for BANK tokens

Lorenzo Protocol, a decentralized finance (DeFi) platform providing liquidity for Bitcoin (BTC), is kicking off an exclusive Token Generation Event (TGE) through Binance Wallet, in collaboration with PancakeSwap. Taking place on the BNB Smart Chain, this event features a $200,000 subscription pool for BANK tokens, offering users an early opportunity to acquire the protocol’s native governance and utility asset.

Event Details

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9.9

Promotion

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What is Lorenzo Protocol?

Lorenzo Protocol is a pioneering decentralized finance (DeFi) platform that provides liquidity for Bitcoin (BTC), enabling users to earn yield on their BTC while maintaining liquidity. By separating principal and yield through tokenized representations, Lorenzo empowers BTC holders to access DeFi opportunities across multiple chains, without giving up custody or long-term upside.

Follow Lorenzo Protocol for more information:

Lorenzo Protocol homepage – Source: Lorenzo

What is BANK?

BANK is the governance token of Lorenzo Protocol, taking a crucial role in the protocol’s operations and development. Its primary utilities include:

* Voting on proposals to shape the future of Lorenzo Protocol.

* Receiving a portion of the protocol’s fees as a reward for participation.

* Applying for grants to fund projects that benefit the ecosystem.

How to participate in a WIO event?To join, users need to make sure their Binance app is updated to the latest version. Then:1) Open the Binance app and navigate to the "Savings & Investments" section.2) Scroll down and tap on "New Products."3) In the "Coming Soon" tab, locate and select the WIO event.4) Click on "Join Whitelist" to apply for this Token Generation Event. Finally, select your preferred subscription amount and commit BNB to participate in the event. Finally, select your preferred subscription amount and commit BNB to participate in the event.Token Allocation FormulaYour token allocation will be calculated based on the proportion of BNB you commit relative to the total pool. The formula is: (Your BNB committed ÷ Total BNB committed) × $200,000 (equivalent in BNB)After the IDO ends, the system will automatically refund any excess BNB to your wallet.Important Reminders

This Token Generation Event is open to users in supported countries and regions only. For more information on supported countries and regions, please refer to the official announcement on the Binance website. The event is subject to change at the discretion of Binance. Users are advised to read the full terms and conditions carefully before participating in the event.