In a latest announcement Binance has revealed its 4th Megadrop project KernelDAO (KERNEL) set to launch soon on the exchange. The restaking protocol has sparked major investor interest as traders gear up for the KERNEL token listing.
Starting April 9 at 00:00 UTC, users can join the event and earn rewards. Binance also confirmed that it will be the first exchange to list the KERNEL token, giving its community early access to this new restaking project.
KERNEL Listing on April 14
Binance will list KERNEL on April 14 at 12:00 UTC with five trading pairs: KERNEL/USDT, KERNEL/BNB, KERNEL/USDC, KERNEL/FDUSD, and KERNEL/TRY. A Seed Tag will be applied to KERNEL, highlighting its high-risk, high-volatility nature as a new asset.
The event will be conducted from April 9 to April 13. The token has a total supply of 1 billion, with 162.3 million (16.23%) in initial circulation. Each user’s allocation is capped at 320,000 tokens. KernelDAO, built on BNB Chain, is a shared restaking protocol which allows users to restake BNB, BTC, and other yield-bearing assets for rewards.
Binance continues to strengthen its position as the leading crypto exchange by launching exciting new opportunities for global users. Earlier this month, it announced support for Bitcoin staking protocol Babylon, adding to its growing list of innovative projects. Besides, its upcoming launches include Hyperliquid, Mantle, and Kaspa.
Binance Teams Up With Worldpay
In another related news, Binance has recently teamed up with Worldpay, a public payment processing company, which enables users to purchase crypto with Apple Pay and Google Pay through its fiat onramp system. The exchange noted that this move makes crypto more accessible emphasizing that this brings Web3 users in a way that suits them especially in areas with low credit card use but high mobile phone usage.
Also, former Binance CEO, CZ Zhao has stepped in to Pakistan’s New Crypto Council Member as an advisor in helping the country to shape its crypto regulations and boost its adoption. This follows the council’s first meeting in March as Pakistan aims to attract global investment.
