Binance Listed the Altcoin with Launchpool Project, There was a 2900 Percent Increase: Altcoin Team Warned Investors!

Binance Launchpool, the world’s largest cryptocurrency exchange, listed its project Renzo Protocol (REZ) today with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY.

REZ, listed on Binance, opened on the board at $0.0098 but later rose by 2960% to $0.299. REZ price, which was withdrawn afterwards, continues to be traded at $ 0.177 at the time of writing.

Investors staked BNB and FDUSD to earn REZ.

At this point, Renzo opened airdrop requests for his own token, REZ, which debuted with a market value of $289 million.

In the statement, it was stated that the initial circulating supply of REZ is 1.15 billion, and the remaining 8.85 billion tokens will remain locked until various criteria are met.

It was also stated that 31% of the tokens were allocated to investors, 32% to the community and 20% to core participants, subject to a 1-year lock-in and 2-year vesting period.

Stating that REZ is listed on Binance and airdrop requests have been opened, the Renzo team warned investors against fake REZ tokens and said that REZ is not available on any decentralized exchange (DEX).

“REZ is not available on any DEX.

There is an increase in fake REZ tokens and accounts. Please be careful:

REZ token is ONLY available on ETH Mainnet There are NO DEX trading options currently available All DEX pairs will be announced to the community through our verified account.

REZ will be listed on Binance.”

⚠️ NOTICE ⚠️$REZ is not available on any DEX

There is an uptick in imposter tokens and accounts, Please keep in mind the following:

👉The REZ token is ONLY available on ETH Mainnet
👉There are currently NO available DEX trading options
👉Any DEX pairs will be announced to…

— Renzo (@RenzoProtocol) April 30, 2024

*This is not investment advice.