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Binance Unveils 4th Megadrop Featuring KernelDAO Token Launch and Listing Details
In a groundbreaking announcement, the world’s largest cryptocurrency exchange, Binance, has unveiled its fourth Megadrop project, which will see the launch and listing of KernelDAO (KERNEL) token. The highly anticipated event is set to take place soon on the exchange, sparking significant investor interest as traders gear up for the KERNEL token listing.
As per the official statement, Binance has confirmed that it will be the first exchange to list the KERNEL token, providing its community with early access to this innovative restaking project. This move further solidifies Binance’s position as a pioneer in the crypto space by consistently delivering new and exciting opportunities for global users.
The KernelDAO event will begin on April 9 at 00:00 UTC and conclude on April 13. Throughout this period, participants can join the event by subscribing to BNB-locked products or completing Web3 quests. The token’s total supply is set at 1 billion, with an initial circulation of 162.3 million (16.23%). Each user’s allocation has been capped at 320,000 tokens.
KernelDAO is a shared restaking protocol built on the BNB Chain, enabling users to stake BNB, BTC, and other yield-bearing assets for rewards. This revolutionary project aims to provide unparalleled earning opportunities for its participants.
In related news, Binance has made significant strides in recent times. Just last month, the exchange announced support for Bitcoin staking protocol Babylon, further expanding its suite of innovative projects. Additionally, upcoming launches include Hyperliquid, Mantle, and Kaspa, demonstrating the company’s commitment to innovation and growth.
Furthermore, Binance has recently partnered with Worldpay, a public payment processing company, allowing users to purchase crypto using Apple Pay or Google Pay through its fiat onramp system. This groundbreaking development aims to make cryptocurrency more accessible worldwide, particularly in areas where credit card usage is limited but mobile phone adoption is high.
Notably, former Binance CEO CZ Zhao has taken up a key role as an advisor to Pakistan’s New Crypto Council Member, focusing on shaping the country’s crypto regulations and fostering its adoption. This move comes after the council’s first meeting in March, as Pakistan endeavors to attract global investment.
The KernelDAO token is set to be listed on April 14 at 12:00 UTC with five trading pairs: KERNEL/USDT, KERNEL/BNB, KERNEL/USDC, KERNEL/FDSC, and KERNEL/BTC.
Source: https://coinpedia.org/news/binance-unveils-4th-megadrop-featuring-kerneldao-token-launch-and-listing-details/
