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Native token Lorenzo Protocol, Bank, recorded 150% rise in prices within six hours from the official startup.
Token’s fast climb follows your entry on multiple platforms, including the Bintanic Alpha market and launch of the bankerdta of the eternal Binanca Agreement, with up to 50x levers.
What is the new bank token on Binans of the future?
The Event generation of Token (TGE) for the Bank was held today, 18. April, over the binance wallet, in partnership with PancakeMawap. Lorenzo Protocol raised $ 200,000 through sales of 42 million bank tokens-2% of the total delivery price per 0.0048 each.
The token is now traded on PancakeWap, Bitget and Coinex. After Debbie, the bank reached the market cap of about $ 22 million.
The Bank is the management and utility token for Lorenzo Protocol, Defi Platform focused on the improvement of Bitcoin liquidity.
The protocol allows users to receive yield to BTC without giving up custody. Uses financial primitives such as liquid main tokens (LPTs) and tokens that are collected (YATS).
According to its claims, bank holders can invest their chips to receive Vebank, which provide the rights of governance and the share of future emissions.
Bank price chart after launch. Source: CoinmarketCap
Also, Lorenzo Protocol was built on the Etermint AppChain cosmos. It allows RTC REWOKING and interoperability with Bitcoin layer 1. The design supports the issuance and resolution of the BTC assets.
The list of banks / USDTVNA contract on Binanci futures adds further momentum to the token. Binance futures is a platform of the derivatives that allows users to trade for eternal contracts with high levers.
Binanca has historically preferred new tokens on the BNB chain for the early future of trading. A sharp increase in the price of the bank and rapid market integration highlight a strong early interest in accessing Lorenzo Protocol BTC Defications.
He is currently far retrieved for the project whether the exchange will list this new token. However, Binance’s new common vote on the token list offered positive hopes for small market cap projects.
