Binance, one of the largest cryptocurrency exchanges in the world, recently announced its support for the restaking protocol KernelDAO. This announcement has generated significant interest among investors, as Binance revealed its 4th Megadrop project, KERNEL, and plans to list the token soon. Traders and investors looking to capitalize on this opportunity should be aware of some key details about the listing.
In an official press release, Binance Megadrop announced support for KernelDAO by adding it as the 4th project on the platform. The platform’s extensive user base can participate in this event starting from April 9 at 00:00 UTC. Binance clarified that it will be the first platform to list the KERNEL token, and any claims of offering sales before the designated timeline are false.
The listing date for KERNEL on Binance is set for April 14 at 12:00 UTC. The trading pairs that will be available for KERNEL include KERNEL/USDT, KERNEL/BNB, KERNEL/USDC, KERNEL/FDUSD, and KERNEL/TRY. A seed tag will be applied to this asset, indicating high risk and volatility. The Megadrop event on Binance will be live from April 9 to April 13, with a total token supply of 1 billion coins for KERNEL.
At the time of listing, the initial circulating supply of KERNEL will be 162,317,496 coins, representing 16.23% of the total token supply. The ‘Hard Cap’ per user is set at 320,000 tokens, as per the announcement. Users can visit the official site for more details on how to participate in the Megadrop. KernelDAO is a shared restaking security protocol on the BNB Chain, allowing users to restake BNB, BTC, and other yield-bearing tokens to earn rewards.
Binance’s continued efforts to introduce new offerings and support emerging projects have solidified its position as a top-ranking cryptocurrency exchange. The exchange’s recent support for the Bitcoin staking protocol Babylon and the upcoming listings of Hyperliquid, Mantle, and Kaspa demonstrate its commitment to providing opportunities for market participants globally. Binance’s popularity is on the rise, making it a preferred choice for traders and investors.
