Binance Exchange has concluded its first Binance Wallet Pre-TGE Prime Sale today featuring YieldBasis.
According to the announcement, the two-hour subscription event which took place between 8:00 and 10:00 UTC attracted more than 212,000 users across the globe and raised over 456,060 BNB, which is equivalent to more than 600 million USD.
The Binance wallet reported the sale was oversubscribed by 23,772%, amid the surging interest from the Binance community.
“The first Binance Wallet Pre-TGE Prime Sale with YieldBasis (YB) has successfully concluded!” Binance Wallet announced.
According to the initial announcement, the sale offered 25 million YB tokens, or 2.5% of the total supply, at a price of $0.10 each. Each user was allowed to subscribe using BNB, with a limit of 3 BNB per person.
The event used Binance’s over-subscription model, where token allocation was distributed proportionally based on each participant’s contribution, while unused BNB was automatically refunded. All eligible users held Alpha Points earned through Binance Wallet and Alpha campaigns. Trading for YB tokens is set to begin on October 15, 2025, through Binance Alpha.
YieldBasis to Bring Fresh DeFi Opportunity
YieldBasis is a decentralized finance protocol with a total supply of one billion YB tokens. The project is designed to maximise the yield of Bitcoin and Ethereum holders through the use of Curve’s crvUSD and leveraged liquidity pools, as well as the management of risk factors such as impermanent loss.
Also Read: Binance Wallet Faces Temporary Lag from Network Congestion
