Binance Wallet Announces Exclusive Token Generation Event (TGE) for Bedrock (BR) on BNB Smart Chain with PancakeSwap
Binance Wallet has announced its collaboration with PancakeSwap to host the Bedrock (BR) Token Generation Event (TGE) on the BNB Smart Chain, scheduled for March 20, 2025. The event will provide 50 million BR tokens, representing 5% of the total supply, with a total fundraising amount of $1.25 million (denominated in BNB). Join the event through Binance Wallet!
Bedrock TGE Details: Fundraising Rules and Participation
Event Time and Token Supply
- Event Start Time: March 20, 2025, 10:00 UTC (18:00 Taiwan Time)
- Event End Time: March 20, 2025, 12:00 UTC (20:00 Taiwan Time)
- Total Fundraising Amount: $1.25 million (equivalent in BNB)
- Available Token Supply: 50,000,000 BR (5% of the total supply)
- Token Price: $0.025 (equivalent in BNB)
- Accepted Currency: BNB
Participation Limitations and Allocation Mechanism
- Each Binance Wallet subscription limit: 3 BNB
- Allocation Method: Pro-rata distribution, based on the user’s subscription amount relative to the total subscription amount
- Unlock Rules: No vesting, BR can be claimed immediately after the TGE ends
- Listing and Trading: Available immediately on Binance Wallet DEX or PancakeSwap after TGE ends
What is Bedrock: A New BTCFi 2.0 Protocol for Innovative Bitcoin Asset Applications
Bedrock is a re-staking protocol for Bitcoin (BTC) designed to unlock significant value for Bitcoin in DeFi. Core products like uniBTC allow holders to stake without compromising liquidity, thus earning additional returns. In addition to BTC, Bedrock also supports ETH, DePIN, and other assets across 12 or more blockchains, building a new DeFi ecosystem.
Official Website: bedrock.io
Official X (Twitter): @Bedrock
BR Token Functionality: Dual Governance and Liquidity Rewards Model
BR is the native governance token of Bedrock. Holders can participate in the PoSL (Proof of Staking Liquidity) system, while also holding governance rights to decide on key upgrades, token issuance, fund allocation, and additional rewards. The main functions of BR include:
- Voting on Bedrock ecosystem upgrades
- Control over BR token issuance and fund allocation
- Liquidity staking rewards (PoSL): Provide liquidity for BR assets to earn additional rewards
- Can be converted into veBR, enhancing both rewards and governance rights
This dual-token model ensures long-term stability within the Bedrock ecosystem, fostering symbiotic relationships among liquidity providers, long-term participants, and governors.
How to Participate in the TGE: One-Click Subscription via Binance Wallet
- Enter Binance Wallet and click on the event banner, then follow the instructions (ensure BNB is ready before 10:00 AM UTC on March 20).
- Only Binance Wallet’s built-in keyless wallet is allowed for participation.
- If there is no BNB in the wallet, you can exchange or deposit it from your Binance spot account on the Binance Wallet “Trade” page.
- Submit your BNB for subscription after the event starts (up to 3 BNB).
- BR tokens will be allocated pro-rata, and you can claim BR and any unused BNB after the subscription ends.
Important Notes: BR Tokens Cannot Be Traded During the Subscription Period
BR tokens cannot be traded before 12:00 PM (UTC) on March 20. Any BR tokens circulating before that time are fraudulent. Please ensure you check the official Bedrock contract address before trading.
March 20: Timely Participation for BNB Users
This Bedrock TGE presents a rare opportunity for Binance Wallet users. The subscription window will be open for two hours, after which trading will be available immediately. BNB users must ensure their BNB is prepared before 10:00 AM (UTC) on March 20 to participate on time.
Risk Warning
Cryptocurrency investments are highly risky, and their prices may fluctuate significantly. You may lose all of your invested capital. Please assess the risks carefully.