Lorenzo Protocol’s BANK Token Experiences 150% Rally Following Binance Futures Integration
The BANK token, native to the Lorenzo Protocol ecosystem, has witnessed a significant price surge of 150% after its recent listing on Binance Futures. This development has sparked heightened trading activity and investor interest, marking a pivotal moment for the project. The integration with Binance Futures provides enhanced liquidity and exposure, aligning with the platform’s strategic growth objectives. Market analysts attribute the bullish momentum to increased institutional and retail participation, driven by the credibility of the Binance listing. The token’s performance underscores the growing adoption of Lorenzo Protocol’s decentralized financial solutions.
What is the New BANK Token on Binance Futures?
The Token Generation Event (TGE) for BANK took place today, April 18, via Binance Wallet, in partnership with PancakeSwap. Lorenzo Protocol raised $200,000 through the sale of 42 million BANK tokens—2% of the total supply—priced at $0.0048 each.
The token is now trading on PancakeSwap, Bitget, and CoinEx. Following its debut, BANK reached a market cap of approximately $22 million.
$BANK IDO successfully concluded
A massive thank you to everyone who participated and supported Lorenzo’s launch!
Final Results:
• 62,117 $BNB committed
• 18329% oversubscribed
• Funding target filled in under 1 min
We’re grateful to all community members, and… https://t.co/OXZ1G6bzS1 pic.twitter.com/NzRzWTC5QN
BANK is the governance and utility token for Lorenzo Protocol, a DeFi platform focused on enhancing Bitcoin liquidity.
The protocol allows users to earn yield on BTC without giving up custody. It uses financial primitives like Liquid Principal Tokens (LPTs) and Yield-Accruing Tokens (YATs).
According to its claims, BANK holders can stake their tokens to receive veBANK, which provides governance rights and a share of future emissions.
Also, Lorenzo Protocol is built on a Cosmos-based Ethermint appchain. It enables BTC restaking and interoperability with Bitcoin’s Layer 1. The design supports on-chain issuance and settlement of BTC-backed assets.
The listing of the BANK/USDT perpetual contract on Binance Futures adds further momentum to the token. Binance Futures is a derivatives platform that allows users to trade perpetual contracts with high leverage.
Binance has historically preferred new tokens on the BNB chain for early futures trading. BANK’s sharp price increase and rapid market integration highlight strong early interest in Lorenzo Protocol’s approach to BTC-based DeFi infrastructure.
Currently, it’s far-fetched to project whether the exchange will list this newly launched token. However, Binance’s new community voting on token listing has offered positive hopes for small market cap projects.
