an upcoming airdrop?

an upcoming airdrop?
an upcoming airdrop?

Binance Labs’ latest investment, Rango, enables transactions across various blockchain ecosystems. A capability these days that is essential to drive the growth of DeFi.

After Binance Labs, time for the airdrop for Rango?

Currently, Rango supports major blockchains such as Bitcoin (BTC), Solana (SOL), Tron (TRX), Cosmos ecosystem, Starknet (STRK), and more. Such support is crucial for multi-chain wallets requiring reliable bridge functionality.

At the moment, access to Rango is available through some of the most popular wallets in the crypto ecosystem like Trust Wallet, Exodus, Binance Web3 Wallet and Compound. In total, Rango supports more than 60 blockchains, around 70 DEXs and more than 20 bridges. The DEX boasts a trading volume exceeding $3 billion.

Read more: Best airdrops coming in 2024.

To date, the platform has processed more than 2.5 million swaps carried out by 590,000 different wallets. Additionally, more than 3,000 swaps between blockchains take place daily. One of Rango’s strengths is ensuring fast response times for its growing user base.

“Rango’s range of services is in line with Binance Lab’s goal of supporting projects that strengthen cross-chain development and innovation,” said Yi He.

A distribution of rewards to come?

Binance’s recent investment has sparked speculation about a possible upcoming crypto airdrop before a potential listing on Binance afterwards (see a Launchpool / Megadrop). Moreover, Rango has allocated 5% of the RANGO token supply for the airdrop, thus increasing the community’s anticipation.

Tokenomics by Rango. Source: Rango

This investment comes shortly after Binance Labs’ involvement with Zircuit, a layer-2 network. Zircuit combines zero-knowledge rollups with artificial intelligence (AI) to enhance security. Its goal is to protect users against smart contract vulnerabilities and other security threats.

To go further: Binance is an exchange with multiple rewards, and above all, a registration bonus.

Moral of the story :

Disclaimer

Disclaimer: In accordance with The Trust Project guidelines, BeInCrypto is committed to providing unbiased and transparent information. This article aims to provide accurate and relevant information. However, we encourage readers to verify the facts on their own and consult a professional before making any decision based on this content.

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