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Binance, the cryptocurrency exchange, has launched the Next platform, where users can speculate on the next token to be listed on its futures exchange. According to today's announcement, the exchange states that users can nominate tokens for listing. Once nominated, any trader can place bets on them. If successful, these users will be rewarded in the form of futures trading vouchers or trading fee rebates. The bets will gain a value 1.2 times the value of the vouchers chosen by the trader. Traders can place bets on potential token listings by purchasing a $1 "selection." Traders can predict a maximum of three digital tokens, with a maximum of 100 selections per time. If the token is not listed, traders can retrieve their stablecoins. The exchange clarifies that this is not a voting platform used to assist in selecting tokens for listing and states that it will continue to use the current listing process. "Futures NEXT operates independently of Binance's listing process, focusing on rewarding accurate market predictions rather than influencing token listings," the company said. Disclaimer: The Block is an independent media company providing news, research, and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures also invests in other companies in the cryptocurrency space. The cryptocurrency exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently, delivering objective, influential, and timely information about the cryptocurrency industry. Financial disclosures can be found on our website. ©2023 The Block. All rights reserved. This article is for informational purposes only. It is not intended as legal, tax, investment, financial, or other advice. |
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Post time 16-3-2024 17:30:01
