Binance Wallet to host 8th TGE, featuring StakeStone
Binance Wallet has announced its eighth exclusive token generation event, featuring omnichain liquidity protocol StakeStone.
According to Binance Wallet’s Apr. 3 announcement on X, the event will take place from 08:00 AM to 08:30 AM UTC. Users can subscribe within this period to get a share of StakeStone’s tokens. A total of 10 million STO tokens will be allocated to marketing, with more details to be announced later.
StakeStone is a web3 project trying to solve the decentralized finance liquidity fragmentation problem, where liquidity is spread out across many different blockchains. Moving assets around becomes hard and costly as a result. By acting as an omnichain system that facilitating easy liquidity flow between blockchains, StakeStone provides a solution that improves efficiency for both users and protocols.
The two primary tokens used by the platform are STO (StakeStone Token) and veSTO (voting-escrowed STO). STO is an Omnichain Fungible Token built on LayerZero technology. It can be seamlessly transferred across different blockchains without burning and re-minting, enhancing its utility in multi-chain ecosystems. STO is the primary governance token the StakeStone ecosystem.
veSTO, on the other hand, is a derivative token obtained by locking STO for a fixed period. It is designed to reward long-term commitment and amplify governance influence. Holding veSTO enhances staking rewards and liquidity provision yields.
To take part in the TGE, users must set up and fund their Binance Wallet (Keyless). They can access the Exclusive TGE Subscription Page after signing into their Binance account.
Once there, they can subscribe to the event by connecting their wallet and depositing Binance Coin (BNB). Users will be able to see how many STO tokens they have successfully subscribed to after the transaction has been confirmed.
Binance Wallet’s Exclusive TGEs, such as the one with StakeStone, are known for featuring promising and high-quality projects. Previously, Bedrock, Bubblemaps, MyShell, and Particle Network have all had their TGEs on Binance Wallet. However, before taking part in any TGE, users are advised to conduct their research.
