Binance-supported Kerneldao was confronted with a sharp sale immediately after the Token-Kernel began to act on Binance after his tok tendering event.
Kernel’s debut on Binance was received with a quick sale when recipients of AirDrop discharged their participations. The Token fell by almost 44% to a $ 0.262 session, which resulted in its market capitalization to $ 48.6 million.
The launch led to a frenzy of activity, with 24-hour trade volume rises to almost $ 380 million. At the time, around 149.8 million cheats were in circulation.
Kernel began to act on April 14 with multiple pairs, including Kernel/USDT and Kernel/BNB. In addition to spot trade, also Binance rolled Kernel about other important services, such as simple earning, buy crypto, converting, margin and futures with a maximum of 75x leverage.
This list followed Binance’s announcement That kernel was the fourth project on his Megadrop platform, which ran from April 9 to April 13.
Users who have locked BNB in Simple Earn and completed Web3 Missions received a share of the 40 million Kernel AirDrop, 4% of the total supply of 1 billion.
Looking at the tokenomics, 55% of the total range is set for community rewards and airdrops and 5% for ecosystem growth and partnerships. In the meantime, 20% of the range is divided between private sales and team/advisers with a 6-month lock-up and 24-month fortress.
With the launch, around 162.3 million kernel or 16.23% of the total supply was in circulation.
Kerneldao was initially planning to launch the token in February 2025, but later pushed the launch to April 14.
The TGE coincided with a large coordinated list about top fairs, including Coinbase, Kraken, Kucin, Mexc, Gate.io, Coinex and Bitvavo, all of whom started exchanging Kernel on the same day.
It is common for new tokens to be confronted with early dumps, especially after Airdrops. For example, Tutorial (tut) pumped more than 235% after the Binance mention on March 28, but lost more than half of its value a week later when early investors cashed in.
What is Kerneldao?
Kerneldao was launched in 2023 and is a repeated protocol with more than $ 2 billion in locked value and supports more than 10 block chains, including Ethereum, BNB chain, arbitrum and optimism.
The core products include Kernel, a repairing infrastructure on the BNB chain; Kelp LRT, an upper liquid recovery platform on Ethereum; And profit, a tokenized remuneration program that helps users earn high rewards and airdrops.
The Kernel -Toks acts as the governance and utility token. Holders can rest to secure the network and unlock more Airdrop options. Kerneldao also uses some of its protocol income to buy back nucleartokens.
Since the launch, Kerneldao has obtained considerable financing, including a private sale round of $ 10 million in 2024 under the leadership of Binance Labs (now YZI Labs), SCB Limited and Laser Digital. In addition, the project has set up an ecosystem fund of $ 40 million to expand and develop the repairing infrastructure on the BNB chain.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
