Binance has announced a new project named KernelDAO (KERNEL) on its Megadrop platform. The exchange also stated it will be the first to list this token.
KERNEL - New Project on Binance Megadrop
KernelDAO (KERNEL) is a restaking protocol that supports the platforms Kernel, Kelp, and Gain. The platform enables users to earn rewards by restaking ETH, BTC, and BNB on the largest shared security infrastructure, Kernel. The project is supported by YZi Labs and other investors.
How to Participate in Binance’s Megadrop
Binance users can participate in the KERNEL airdrop by locking BNB and completing Web3 quests. To participate, you need to: 1. Log in to your Binance account or create a new one. 2. Subscribe to BNB Locked Products and/or complete Web3 Quests to gather scores. 3. Go to Megadrop on the Binance app to complete Web3 Quests. 4. Have at least one active Binance Wallet. 5. Receive Megadrop rewards based on the Total Score.
KERNEL Project Details
The total supply of KERNEL tokens is one billion, with 40 million allocated for the Megadrop, which accounts for 4% of the total supply. Another 40 million tokens will be distributed for marketing campaigns over six months after listing. The initial circulating supply after the Binance listing will be over 162 million tokens, more than 16% of the total supply.
Binance's initiative with KERNEL offers new opportunities for users to engage with cryptocurrency technologies. Details on the KERNEL listing will be announced later.
