On March 20, COINOTAG News reported the successful conclusion of Bedrock’s token generation event (TGE), executed in partnership with PancakeSwap via the Binance Wallet. The event attracted significant interest, accumulating approximately 194,800 BNB (equivalent to $122 million USD) in subscriptions. The project had aimed to raise 2018.53 BNB but was oversubscribed by an impressive 9553%. This overwhelming response underscores the growing demand for innovative crypto projects.
As per the official release, Bedrock distributed 50 million BR tokens during this event, representing 5% of its total supply. Each token was priced at $0.025, leading to a total fundraising achievement of $1.25 million when converted to BNB. This initiative highlights Bedrock’s strategic approach to capitalizing on market conditions while ensuring investor confidence through a well-structured tokenomics model.