COINOTAG News reported on April 1st that Binance has officially announced the upcoming launch of its fourth project under the Megadrop initiative: KernelDAO (KERNEL). This innovative project aims to implement a re-staking protocol focusing on the tokens Kernel, Kelp, and Gain. Detailed information regarding the specific Megadrop amount and the comprehensive listing strategy will be disclosed in a separate announcement scheduled for approximately one week from now.
KernelDAO (KERNEL) boasts a maximum token supply of 10 billion, matching its total token supply. As part of the Megadrop initiative, a substantial reward of 40 million KERNEL is allocated, representing 4.00% of the total token supply. Notably, the initial circulating supply at the Binance spot listing is anticipated to be around 162,317,496 KERNEL, which constitutes 16.23% of the overall supply.