The world’s largest cryptocurrency exchange, Binance, listed Renzo Protocol (REZ) today with REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY trading pairs.

REZ, listed on Binance, opened at $0.0098 but later surged 2960% to $0.299. REZ, which has since pulled back, is currently trading at $0.177.

Investors had staked BNB and FDUSD to earn REZ.

At this point, Renzo opened airdrop requests for its own token REZ, which made its debut with a market capitalization of $289 million.

It was stated in the statement that REZ’s initial circulating supply is 1.15 billion, and the remaining 8.85 billion tokens will be locked until various criteria are met.

It was also stated that 31% of the tokens are allocated to investors, 32% to the community, and 20% to founding participants subject to a 1-year lockup and 2-year vesting period.

The Renzo team, stating that REZ has been listed on Binance and airdrop requests have been opened, warned investors against fake REZ tokens and said that REZ is not on any decentralized exchange (DEX).

“REZ is not available on any DEX.

There is an increase in fake REZ tokens and accounts. Please be careful:

REZ token is ONLY available on ETH Mainnet
There is currently NO DEX trading option available
All DEX pairs will be announced to the community through our verified account.
REZ will be listed on Binance.”

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