Binance Launches KernelDAO Megadrop Ahead of KERNEL Token Listing

Binance has introduced its fourth Megadrop project, KernelDAO (KERNEL), in a fresh announcement that’s already turning heads. The upcoming launch has sparked excitement across the crypto space, especially among restaking enthusiasts. Traders are now gearing up for the KERNEL token listing, which promises early access and potential rewards.

But what exactly is KernelDAO, and why is it creating so much buzz?

From exclusive listings to strategic partnerships, here’s everything you need to know about Binance’s latest move.

Key Dates and Trading Details

Starting April 9 at 00:00 UTC, users can take part in the Megadrop event and earn rewards. Binance also confirmed that it will be the first exchange to list the KERNEL token, giving users early access to this new restaking project.

The event will run from April 9 to April 13. Binance will list the KERNEL token on April 14 at 12:00 UTC, offering five trading pairs:

• KERNEL/USDT
• KERNEL/BNB
• KERNEL/USDC
• KERNEL/FDUSD
• KERNEL/TRY

A Seed Tag will be added to the KERNEL token, highlighting it as a new asset that comes with higher risk and price volatility.

What is KernelDAO?

KernelDAO is a shared restaking protocol built on the BNB Chain. It allows users to restake BNB, BTC, and other yield-generating assets in order to earn additional rewards.

The token has a total supply of 1 billion, with 162.3 million (16.23%) available in the initial circulation. Each user can receive up to 320,000 tokens during the Megadrop.

Binance Keeps Pushing Innovation

With the launch of KernelDAO, Binance continues to strengthen its position as a global leader in the crypto exchange space. Earlier this month, Binance added support for the Bitcoin staking protocol Babylon, showing its commitment to backing cutting-edge blockchain projects. Other upcoming launches include Hyperliquid, Mantle, and Kaspa.

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Making Crypto More Accessible with Worldpay

Binance has also partnered with Worldpay, a public payment processing company, to allow users to buy crypto through Apple Pay and Google Pay using its fiat onramp system. The exchange said this move is designed to make crypto more accessible, especially in regions with low credit card usage but high mobile phone adoption.

In related news, former Binance CEO Changpeng Zhao Changpeng Zhao Changpeng Zhao is a well-known Chinese Canadian entrepreneur who is also known to be the founder of Binance, established in 2017 alongside Yi He, It is the biggest cryptocurrency exchange in the world based on trading sector and volume. Before this, CZ served as the Head of Development at Blockchain.info and later worked at OKCoin as the Chief Technology Officer. Under CZ’s leadership, Binance launched an ICO( initial coin offering ) that was able to successfully raise $15 million and rapidly became the largest exchange within a few months. Changpeng has always been an advocate for decentralized finance and blockchain Technology. Changpeng is a top blockchain speaker to is actively initiating contributions in the development of the rapidly growing crypto and blockchain space, where he recently attended the Token2049 Singapore event to share his insights on the tech.   Personal Details:Born: 1977Organization: BinanceLocation: UAEEducation: Changpeng graduated with a BSc. A degree in computer science from McGill University  Experience: CEO of Binance from Jul 2017 to Nov 2023 Founder- Bijie Tech from Sep 2015 to Jul 2017 Head of Development - Blockchain from 2013 to 2014 Partner - Fusion Systems from Nov 2005 to Dec 2013 Head of Trade Book Futures Development- Bloomberg from 2001 to 2005   EntrepreneurInvestorChief Executive Officer (CZ) has been appointed as an advisor to Pakistan’s newly formed Crypto Council. The council, which held its first meeting in March, is focused on building crypto regulations and encouraging investment in the sector. CZ’s involvement is seen as a key step in helping the country shape its crypto future.

As the restaking race heats up, all eyes are now on how KernelDAO will perform in the wild.