Binance

Binance Wallet Hosts KiloEx TGE, Marking Shift in Token Launches

Binance Wallet is set to host the exclusive KILO token sale on March 27 between 10:00 a.m. and 12:00 p.m. UTC. This launch, in collaboration with PancakeSwap, underscores Binance’s shift from primary exchange listings to secondary offerings, leveraging its wallet infrastructure for direct participation.

KILO TGE: A New Era for Perpetual DEX Trading

KiloEx, a next-generation decentralized exchange (DEX) specializing in perpetual contracts, aims to enhance accessibility and liquidity in the crypto space. Binance Wallet will facilitate the exclusive sale on the BNB Smart Chain, while PancakeSwap will provide immediate trading support post-event.

“Binance Wallet is excited to host the exclusive Token Generation Event on BNB Smart Chain for KiloEx, the next generation user-friendly perpetual DEX, with PancakeSwap,” Binance announced.

GeckoTerminal data indicates a staggering 2,300% surge in KILO’s price following the news. The event targets a $750,000 raise in BNB, with 50 million tokens—5% of the total supply—allocated for public sale. Each Binance Wallet user can contribute up to 3 BNB, ensuring a balanced and fair allocation.

KiloEX (KILO) Price Performance
KiloEX (KILO) Price Performance. Source: GeckoTerminal

Fair Distribution and Immediate Trading

Unlike traditional fundraising models, KILO’s TGE employs a pro-rata allocation method, promoting equitable distribution. Notably, there is no vesting period, allowing participants to trade their tokens instantly on Binance Wallet DEX or PancakeSwap.

KILO Tokenomics: Governance and Staking Incentives

KiloEx has detailed its tokenomics model, emphasizing long-term sustainability and community engagement. Out of the fixed 1 billion token supply, 10% is designated for airdrops, 27% for ecosystem growth, and 5% for the public sale. Additional allocations cater to staking rewards, strategic investments, and liquidity provisions.

One standout feature is the ability to convert KILO into xKILO, which enables staking rewards from 30% of platform revenue. Additionally, KILO holders will actively participate in governance decisions, reinforcing decentralization.

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This initiative aligns with Binance’s broader shift from major initial listings to secondary offerings. By leveraging Binance Wallet for TGEs, Binance mitigates excessive Day-1 selling pressure while fostering a more organic market entry. The collaboration with PancakeSwap further cements Binance Wallet’s role as a key player in decentralized token launches, offering investors a streamlined and transparent participation model.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.

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