Binance StakeStone (STO) TGE Sees Massive Oversubscription: 218x Demand

03 April, 2025, 09:29 AM

Binance Wallet's StakeStone (STO) Token Generation Event (TGE) witnessed overwhelming demand, being oversubscribed by a staggering 218 times. The TGE, which lasted for 30 minutes, starting at 17:00 Korean time, saw a total subscription of 369,445 BNB. This far exceeded the target subscription amount of 1693.07 BNB, demonstrating strong investor confidence in the StakeStone project. While specific details about StakeStone remain limited in this announcement, such a high oversubscription rate suggests considerable anticipation for its potential utility and future performance within the Binance ecosystem. It also highlights the popularity of Binance's launchpad for new projects. Investors who participated can anticipate further updates regarding the allocation and distribution of StakeStone tokens. ```