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In a significant development for the decentralized finance ecosystem, Binance Wallet has announced a strategic partnership with PancakeSwap to facilitate a unique token generation event for the Lorenzo Protocol. Officially launching on April 18, 2025, this event will introduce the BANK token, the governance asset of the Lorenzo Protocol, on the BSC blockchain. The event is set to commence at 5:00 PM and conclude at 7:00 PM on the same day.
This token generation event aims to raise a total of $200,000 in BNB, offering a limited allocation of 42,000,000 BANK tokens, which constitutes only 2% of the total supply. Participants will be able to acquire the tokens at a price of 0.0048 USD per token, using BNB as the exclusive accepted currency. Notably, there will be a subscription cap of 3 BNB per Binance Wallet user, ensuring a fair distribution among participants.
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