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crypto.news 2025-05-20 11:38:39

Japan’s SBI-backed Tokyo Games Token to launch on Binance Alpha and major exchanges

Japan’s SBI-backed Tokyo Games Token to launch on Binance Alpha and major exchanges

Tokyo Games Token (TGT), a token developed by the Tokyo Games Foundation, is set to make its official debut on Binance Alpha on May 21, 2025. This will mark TGT’s first major exchange listing. In an announcement on May 20, Binance confirmed that TGT would go live on Binance Alpha, a dedicated section of the exchange that highlights promising early-stage and trending crypto projects. Binance Alpha will be the first platform to list TGT, and the launch will coincide with the project’s Token Generation Event (TGE) scheduled for the same day. Binance will also be conducting a TGT airdrop for eligible users. The airdrop will be distributed based on Alpha Points, which users have earned by joining Binance Alpha campaigns and activities. It’s worth noting that being listed on Binance Alpha doesn’t automatically mean a full Binance listing, but projects that perform well, in terms of community support, liquidity, and overall growth, often stand a solid chance of being promoted to the main exchange. TGT has also secured spot listings on other top-tier crypto exchanges, including Bybit, KuCoin , and MEXC, all at 10:00 AM UTC on the same day. You might also like: AAVE rallies over 25% as a golden cross pattern nears What is Tokyo Games Token (TGT)? TGT is the native token of the Tokyo Games Foundation, a group focused on building a Web3-powered gaming ecosystem. The foundation is supported by industry heavyweights like Cygames, a top game developer in Japan, SBI Holdings, and gumi, a major mobile gaming studio with active investments in the crypto and blockchain space. TGT is designed to be the main currency that will be used across multiple high-end blockchain games launched by the Tokyo Games Foundation. The first game in the TGT ecosystem is TOKYO BEAST, a futuristic AAA title set in Tokyo, 2124. The game features AI-powered “BEAST” androids battling in high-stakes tournaments, where players can stake tokens and place legally approved, on-chain bets on match outcomes using an in-game currency called JEWELS. TGT will serve multiple roles within the game’s ecosystem — it can be used to purchase items, earn rewards, stake for BEAST NFTs, participate in governance, and acquire in-game currencies like JEWELS and GEMS to access betting features, lotteries, and other utilities. According to its tokenomics , TGT will have a maximum supply of 1 billion tokens, while specific details regarding the initial circulating supply remain unspecified. Out of the total, 11.27% of TGT tokens have been set aside for airdrops and marketing, aimed at building community and spreading awareness. Meanwhile, 40% is reserved for ecosystem growth and will mostly reward BEAST NFT holders from the TOKYO BEAST game, along with future titles. Other allocations include 21.35% for the foundation to support broader gaming initiatives, 15% for the dev team with long-term incentives, and 10% to help with liquidity and listings. The rest is split between early supporters and advisors. Read more: PROMPT price surges on Bithumb listing, eyeing 45% potential upside as bullish momentum builds Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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