Binance Launches Token Listing Prediction Platform
Date: 2024-03-07 Author: Dima Zakharov Categories: BUSINESS
Binance, one of the leading cryptocurrency exchanges, has unveiled a platform for forecasting token listings on its futures market. Known as Futures NEXT, this platform enables users to speculate on which tokens will be added to the exchange's futures market.
To participate, users must purchase a "Pick" token priced at 1 USDT. If the chosen token gets listed on the platform, users who voted for it will receive rewards in the form of bonus vouchers for futures trading or commission discounts.
Traders can forecast up to three tokens, with a maximum of 100 votes. In case a token isn't listed, users can get their stablecoins refunded.
Binance emphasized that Futures NEXT isn't a voting platform influencing token listings. Instead, it focuses on rewarding accurate predictions rather than influencing listing decisions.
Earlier announcements revealed that starting from March 1, 2024, Binance Futures will introduce perpetual futures contracts for Toncoin (TON) with leverage of up to 50x.
