- Binance’s 19th TGE features Elderglade on PancakeSwap, impacting ELDE market.
- Users need 198 Alpha Points, 15 points deducted for participation.
- 160M ELDE tokens available for subscription, boosting Binance’s DeFi involvement.
Binance is launching the Elderglade (ELDE) token through its 19th Token Generation Event (TGE) today on PancakeSwap.
The event underscores Binance’s strategy to incentivize user engagement with exclusive access for 198-point holders.
Binance Unveils Elderglade TGE: 160M Tokens Available on PancakeSwap
Subscription for Elderglade tokens will be open from 8:00 to 10:00 UTC. This event, conducted through PancakeSwap, aims to make 160 million tokens available. Binance users need 198 Alpha Points to participate, with a deduction of 15 points per entry. This approach rewards platform engagement and loyalty.
The availability of 160 million ELDE tokens could influence upcoming market dynamics. With PancakeSwap integration enhancing Binance’s DeFi footprint, a shift in user strategy towards accruing Alpha Points is anticipated for future TGEs. Such exclusive participation criteria can stimulate active user engagement within Binance’s ecosystem.
While no formal quotes from key opinion leaders have emerged, Binance’s repeated collaboration with PancakeSwap suggests continued commitments to decentralized finance initiatives. This partnership echoes previous Binance ventures aiming to expand the DeFi landscape.
Elderglade’s Market Surge: Insights on Price and Participation
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Elderglade’s launch as Binance’s 19th TGE shows the platform’s ongoing success in leveraging PancakeSwap for DeFi initiatives, echoing a trend in collaborating with major DeFi protocols.
According to CoinMarketCap, the Elderglade (ELDE) token shows a market cap of $19.63 million and a trading volume surge of 56,362.38% in the past 24 hours. The token’s price increased by 44.89% over multiple time frames, strengthening its standing at $0.23.
Research by the Coincu team indicates that the structured use of Alpha Points for TGEs fosters exclusive user engagement. By establishing qualitative participation grounds, Binance advances its dual purpose of platform expansion and loyal user retention within its ecosystem.
“The TGE is a significant milestone, showcasing Binance Wallet’s continued commitment to supporting innovative projects like Elderglade.” – Amir Rajpoot, Analyst, BnB
Source: https://coincu.com/340147-binance-elde-athens-subscription/