RDO token sees 3200% volume surge after Binance launch
Binance taps Reddio for 20th token launch event
Binance Wallet has launched its 20th exclusive Token Generation Event (TGE), selecting a new Ethereum Layer 2 solution — Reddio (RDO) — focused on GPU acceleration.
The event, held on May 29 in partnership with PancakeSwap and Reddio.com, required participants to use Binance Alpha Points — an internal rewards system that grants access to premium launches. Only Binance users with at least 193 Alpha Points were eligible to participate, although joining the TGE cost just 15 points, potentially limiting broader access.
Reddio is backed by Paradigm and positioned as a scalable, parallel Layer 2 network optimized for high throughput and low transaction fees in DeFi and NFT applications. It utilizes ZK-rollup architecture and aims to attract both institutional and retail users amid growing demand for Ethereum scalability.
GPU Acceleration Tech Attracts Investor Interest
Currently, 1.9 billion RDO tokens are unlocked out of a total supply of 10 billion. According to CoinMarketCap, the TGE triggered a 3,200% surge in trading activity, despite the RDO price dropping by 13% to $0.00078.
RDO price dynamics for 24 hours. Source: CoinMarketCap
Due to strong interest in GPU acceleration technologies, organizers announced the allocation of an additional 400 million RDO tokens for future campaigns, with further details yet to be disclosed.
As we wrote, Binance expands options with Limit Buy orders for cryptocurrency
