The Lorenzo Protocol is causing a buzz in the crypto community with its private Token Generation Event (TGE) taking place today, April 18, 2025, between 9:00 AM and 11:00 AM (UTC). The special event is conducted on Binance Wallet (Keyless) in partnership with PancakeSwap. The project shared the details over X (formerly Twitter).
Source: X
Lorenzo is famous for developing a robust platform for yield-capturing digital assets, and this launch is a major milestone for the community as a whole.
The Lorenzo Protocol is designed for next-gen asset management in the blockchain world. It offers yield-backed tokens such as stBTC, powered by Babylon’s staking, and enzoBTC, which comes with native yield and liquidity farming benefits. The team has been running for 2.5 years, across 20+ chains and 30+ protocols, with over $600 million in BTC going through their network.
The attention now shifts to BANK, their newly minted coin.
Token Name: BANK
Chain: BNB Smart Chain
TGE Date: April 18, 2025
Time: 09:00 AM – 11:00 AM UTC
Available Tokens: 42,000,000 BANK (2% of the total supply)
Accepted Currency: BNB
Token Listing Platforms: Binance Wallet DEX and PancakeSwap (soon after the event)
No Vesting: All coins are fully claimable
This launch follows a just and transparent participation model, in which early adopters and new users alike can be part of the Lorenzo experience.
To join this TGE, users must purchase Binance Alpha tokens between March 19, 2025 (00:00 UTC) and April 17, 2025 (23:59 UTC). These tokens must be bought either via Binance Wallet (Keyless) or Exchange (Spot or Funding accounts).
This is the new rule for the 10th exclusive TGE via Wallet and PancakeSwap. If you haven’t made a valid Alpha token purchase within this period, you won’t be eligible to claim BANK tokens.
How to check if you're eligible:
Visit the TGE event page on Binance Wallet.
Verify if your Binance Alpha token purchase is listed.
Make sure your tokens were bought after Alpha was officially listed on respective exchange.
The token allocation will be pro-rata, meaning your share will be based on how much BNB you deposit compared to the total BNB deposited by all users during the subscription window.
Additionally, 84 million BANK coins are reserved for upcoming marketing campaigns, so watch out for additional ways to participate and get rewarded.
The TGE represents a new era for the Lorenzo ecosystem, which has already demonstrated its resilience on multiple chains and protocols. With instant DEX trading following the event and robust early adoption from users, this may be a significant leap forward for the project.
Also read: INIT Binance Listing Set for April 24 as Farming Goes Live TodayDeepmala Upadhyay is an experienced crypto journalist, content strategist, and News writer with over 5 years of expertise in writing and the crypto industry. Holding a Bachelor's Degree in Computer Science and a deep understanding of blockchain technology and financial markets, she excels in delivering exclusive news, in-depth research blogs, and expertly crafted on-page SEO content. As a team lead and content writer at CoinGabbar, Deepmala is responsible for analyzing blockchain technologies, cryptocurrency, price movements, and the crypto market with precision and insight. Her keen ability to create well-researched, impactful content, combined with her expertise in market analysis, makes her a trusted voice in the crypto space.