TL;DR
- Binance launched its twentieth TGE alongside Reddio, granting access to RDO for users with at least 193 accumulated Alpha Points.
- Although the token dropped 15.7% in price, its trading volume soared by 31,583%.
- Paradigm’s backing and growing interest in GPU-based solutions boosted on-chain activity and cross-chain interactions in DeFi.
Binance announced on May 29 its twentieth Token Generation Event (TGE) in collaboration with Reddio, a platform specializing in scaling solutions and GPU acceleration for decentralized ecosystems.
Guidelines to Join the TGE
The event is part of a strategy aimed at driving trading activity and expanding liquidity pools on BNB Smart Chain. It allows users with at least 193 Alpha Points to take part in the launch of RDO, Reddio’s native token, through Binance Wallet and PancakeSwap.
Access to the RDO event requires spending 15 Alpha Points, limiting participation to a more select group. Despite this restriction, the event quickly attracted strong interest from both developers and investors, drawn by the tools and potential that GPU acceleration brings to on-chain applications. According to early metrics, there was an immediate spike in trading volume and on-chain activity surrounding RDO.
Paradigm, a well-known crypto investment firm, backed the event, adding institutional credibility to the initiative. While neither Binance nor Reddio shared public statements on medium-term projections, the market interprets this launch as a clear move toward developing cross-chain solutions and tools tailored for DeFi ecosystems.
Reddio Drops but Trading Volume Skyrockets
At the moment, Reddio (RDO) is trading at $0.007, with a market cap of $14.9 million. In the past 24 hours, the token recorded a 15.7% drop in price, but at the same time, its trading volume jumped by 31,583%, driven by the speculative interest these TGEs typically spark in their early stages. RDO’s circulating supply currently stands at around 1.9 billion units.
Binance continues to support projects that foster more dynamic liquidity and better connections between blockchains. The crypto community responded positively to the launch, while investors remain watchful of the token’s performance and its potential impact on the DeFi ecosystem
