The largest cryptocurrency exchange by volume, Binance, has announced a new cryptocurrency listing. As Bitcoin sets a new all‑time high above $125,700, there is a growing anticipation that liquidity will flow into altcoins, heralding the most exciting phase of the market cycle.
Cryptocurrency Listing Announcement
Binance has just announced the listing of KGen (KGEN) for Binance Alpha and Futures. The listing is scheduled for Tuesday, October 7. Binance Alpha enables users to receive airdrops from projects at an early stage, as Binance has standardized its launches to ensure investors receive airdrops through this mechanism.
According to Binance’s official announcement:
“Get ready! Binance Alpha will be the first platform to introduce the KGeN (KGEN) feature on October 7.
Eligible users can claim their airdrops by using Binance Alpha Points on the Alpha Events page once trading begins. More details will be announced soon.”
At the time of listing, the token will launch, releasing 198.68 million tokens. Subsequently, between 2.45 % and 3.8 % of the supply will be unlocked each month on the 8th, yet monthly unlocks will commence exactly 365 days later, ensuring supply remains stable for a year while the price stabilizes.
Understanding KGEN
KGEN is characterized as a distribution layer designed to expedite business growth in the AI and DeFi sectors, specifically within the VeriFi domain. Launched in November 2022, this venture has garnered investments from notable companies such as Jump and Nexus. The initiative aims to bring total investments up to $100 million by the end of the year.