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Less than one week after launching Futures NEXT, Bone ShibaSwap (BONE), BABYDOGE, AIDOGE and many other cryptocurrencies are likely to go live on leading cryptocurrency exchange Binance. With this potential addition, Binance customers can now attempt to predict upcoming Binance Future listings and get rewarded if their guess is accurate.
Binance introduces Futures NEXT
In anticipation of these potential listings, Shiba Inu’s BONE experienced a surge in price a few days ago. This was fueled by several fervent calls from SHIB enthusiasts for Binance to list BONE.
On March 7, Binance announced the debut of Futures NEXT, a platform that allows users to engage with token listings by leveraging their market insights. Users get to predict future listings on the USD-denominated futures market for rewards. These users must purchase "Picks" for 1 USDT each in the NEXT Pool. Similarly, participants can choose their token for listing on Binance Futures NEXT. To do this, each user needs a "Nomination Seed" worth 2,000 USDT.
The nominations are then pooled for community voting. Accurate predictions are rewarded either USDT futures bonus vouchers or USDT trading fee rebate vouchers based on their allocated "Picks.”
Binance lists more tokens amid regulatory brawl
Apart from democratizing the process of token listings, this innovative approach is designed to boost Binance’s user engagement and connections. Binance clarified that this voting by users is not the standard for listing even if the token is popular on Futures NEXT.
At the same time, the new platform is still subject to the legal and regulatory guidelines available in different regions.
Generally, Binance has tried to remain at the top of its game as the top crypto exchange amid regulatory tussles. Recently, it added new trading pairs for BTC, ETH and BNB on its platform. Apart from BONE, BABYDOGE and AIDOGE, some of the recent token listings on Binance Futures include Ripple-associated XRP and Cardano ADA.
Tomiwabold Olajide
Arman Shirinyan
Yuri Molchan
