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Binance Wallet’s Yield Basis TGE Oversubscribed 60x in Five Minutes

Binance Wallet’s Yield Basis TGE Oversubscribed 60x in Five Minutes

Binance Wallet’s first Prime Sale for Yield Basis (YB) tokens raised over 456,000 BNB, exceeding its target by 237 times, marking a significant event for its new token offering.

BNB

Fact Check
A post on the official Binance website (Source 4) directly states that the 'Binance Wallet's New TGE (Yield Basis) Staking Event Oversubscribed 60x Within 5 Minutes.' Multiple other sources (10, 12, 13) corroborate that Yield Basis held a sale or IDO on Binance Wallet, reinforcing the credibility of the primary source.
    Reference: 12
Summary

Binance Wallet's first Prime Sale for Yield Basis (YB) tokens concluded on October 13, raising over 456,000 BNB, exceeding the 1,918.47 BNB target by 237 times. The token was priced at 0.0000767389 BNB, and the sale ran from 4 PM to 6 PM UTC+8. Participation required 144 Alpha points without consuming them, according to Binance’s official statement.

Terms & Concepts
  • Prime Sale: A limited-time token sale event on Binance Wallet where users can purchase new tokens using BNB based on eligibility criteria such as Alpha points.
  • BNB: Binance Coin, the native cryptocurrency of the Binance ecosystem used for transactions, trading fee discounts, and token sales.
  • Alpha Points: A user participation metric in Binance Wallet that determines eligibility and allocation in special token sale events.