Omnichain liquidity infrastructure protocol StakeStone is up 20%, buoyed by a string of trade listings.
StakeStone (STO) has launched into the highlight following the current announcement of its token era occasion by Binance Pockets, which passed off from from 08:00 AM to 08:30 AM UTC at present.
Following the TGE, a number of exchanges listed the token for spot buying and selling. MEXC simply launched STO with the Airdrop+ occasion, with a complete prize pool of 130,000 USDT. The occasion has already began and can finish on April 13. Bitget and Kucoin adopted go well with, with Kukoin additionally launching two promotional campaigns for the token with a mixed $25,000 prize pool, which can run concurrently till April 10.
Along with spot itemizing, StakeStone was launched on Binance Alpha. BingX additionally launched STO staking occasion on its Launchpool, permitting customers to stake Tether (USDT) or Bitcoin (BTC) to earn a share of 400,000 STO tokens without cost. New customers additionally eligible for an additional $120 Futures Bonus Voucher. The staking interval run will run till April 6.
Following these developments, STO surged to $0.06 at press time, up by 200% from its Binance Pockets’s preliminary DEX providing value of $0.02, in accordance with CryptoRank.io.
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StakeStone started growth in July 2023 with the launch of its testnet. In September that yr, it launched its mainnet. By the tip of 2023, it achieved a complete worth locked of 290K ETH (~$645 million), changing into the fifth largest stETH holder on-chain, and onboarded over 93,000 customers whereas integrating with over protocols.
In November 2024, StakeStone launched its SBTC and STONEBTC merchandise, and closed a Collection A funding spherical led by Polychain Capital. In December 2024, it launched a pre-deposit DeFi vault on Berachain (BERA), focusing on retail customers, and established key partnerships with Lido and P2P.org.
This yr, the mission additionally launched LiquidityPad, enabling customers to entry unique alternatives and earn token rewards by offering liquidity to a variety of cross-chain apps and ecosystems.
In accordance with StakeStone’s official web site, token allocation and vesting plan will probably be revealed quickly.
You may additionally like: BingX Labs invests $10m in StakeStone to increase liquidity staking
