TLDR
- Binance has launched airdrops and TGEs for three new tokens: HAEDAL, ALLO, and TGT.
- HAEDAL saw a price increase of over 60 percent following its listing on Binance.
- The HAEDAL airdrop was available to users who subscribed BNB to Simple Earn and On-Chain Yields.
- ALLO focuses on financial asset tokenization and will require Alpha points to access its TGE.
- TGT targets the gaming sector and integrates AAA gaming experiences with Web3 functionality.
Binance’s expansion of its ecosystem continues as the exchange announces three major airdrops and two token generation events. These include HAEDAL, ALLO, and TGT, each offering unique utilities and launch dynamics. Binance’s act has significantly boosted project visibility, with one token’s value already rising by over 60%.
HAEDAL Sees Price Surge After Binance Airdrop
Binance’s launch of an airdrop for HAEDAL has led to a sharp price increase in the token’s market value. HAEDAL, a liquid staking protocol for the Sui blockchain, recently joined Binance through its HODLer Airdrops platform. Users subscribing to BNB to Simple Earn or On-Chain Yields products are qualified for the distribution.
The token first launched in April, gaining traction in the DeFi space before Binance’s act brought it to a broader audience. As a result, the token moved from decentralized exchanges to a major listing, significantly impacting its liquidity. The price of HAEDAL increased by over 60% following Binance’s listing and airdropping the token.
While the April TGE saw criticism over token allocation, current responses remain more balanced, with complaints centered around the proportion of tokens awarded to Binance Alpha participants. However, today’s airdrop has seen less controversy, indicating improved sentiment and greater user engagement through Binance’s act.
ALLO Prepares for Launch as Binance Targets Asset Tokenization
Binance includes ALLO, a financial asset tokenization project, which will hold its TGE tomorrow through Binance Alpha. Users must redeem Alpha points to participate, aligning with the exchange rewarding engagement across its loyalty programs. The firm is increasingly active in real-world asset (RWA) sectors, making ALLO’s listing strategic.
The new listing reinforces Binance’s commitment to aligning Web3 growth with traditional finance through tokenized platforms. ALLO focuses on bridging on-chain infrastructure with real-world financial services. Through this initiative, Binance continues to push innovation by introducing diverse utility tokens.
The TGE process reflects Binance’s act of maintaining exclusivity via Alpha point access, limiting participation to engaged users. The strategy builds value within its ecosystem while offering early access to emerging tokens. This airdrop format strengthens Binance’s ecosystem and positions ALLO within a growing sector.
TGT Launches with Gaming-Focused Utility
Binance also includes the listing and airdrop of Tokyo Games Token (TGT), which is scheduled for release today. The token enters the market, focusing on merging AAA gaming content with Web3 applications. TGT becomes available on several exchanges, but Binance Alpha offers initial access.
The airdrop will follow similar rules to ALLO, requiring Alpha point redemption for eligibility. Binance act ensures consistent launch mechanisms across projects while maintaining exclusivity. TGT aims to build a strong user base among Web3 and gaming communities.
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