Omnichain liquidity infrastructure protocol StakeStone is up 20%, buoyed by a string of exchange listings.
StakeStone (STO) has launched into the spotlight following the recent announcement of its token generation event by Binance Wallet, which took place from from 08:00 AM to 08:30 AM UTC today.
Following the TGE, multiple exchanges listed the token for spot trading. MEXC just launched STO with the Airdrop+ event, with a total prize pool of 130,000 USDT. The event has already started and will end on April 13. Bitget and Kucoin followed suit, with Kukoin also launching two promotional campaigns for the token with a combined $25,000 prize pool, which will run concurrently until April 10.
In addition to spot listing, StakeStone was launched on Binance Alpha. BingX also launched STO staking event on its Launchpool, allowing users to stake Tether (USDT) or Bitcoin (BTC) to earn a share of 400,000 STO tokens for free. New users also eligible for an extra $120 Futures Bonus Voucher. The staking period run will run until April 6.
Following these developments, STO surged to $0.06 at press time, up by 200% from its Binance Wallet’s initial DEX offering price of $0.02, according to CryptoRank.io.
StakeStone began development in July 2023 with the launch of its testnet. In September that year, it launched its mainnet. By the end of 2023, it achieved a total value locked of 290K ETH (~$645 million), becoming the 5th largest stETH holder on-chain, and onboarded over 93,000 users while integrating with over protocols.
In November 2024, StakeStone launched its SBTC and STONEBTC products, and closed a Series A funding round led by Polychain Capital. In December 2024, it launched a pre-deposit DeFi vault on Berachain (BERA), targeting retail users, and established key partnerships with Lido and P2P.org.
This year, the project also introduced LiquidityPad, enabling users to access exclusive opportunities and earn token rewards by providing liquidity to a wide range of cross-chain apps and ecosystems.
According to StakeStone’s official website, token allocation and vesting plan will be published soon.
