Binance, a top cryptocurrency exchange, has launched Futures NEXT. This platform lets users forecast token listings on its futures market. With this new feature, individuals can purchase Picks for 1 USDT each, representing their forecast for a token’s potential addition to the USDⓈ-M market.
The Futures NEXT platform operates independently from Binance’s listing process. The exchange clarified that token popularity on the platform does not guarantee its availability on the exchange. Users can make predictions for up to three tokens, with a maximum of 100 Picks per user.
If a user’s prediction is accurate, Binance will distribute rewards in the form of futures trading vouchers or commission discounts within ten days of the token’s listing. However, if the predicted token is not listed, users will receive their stablecoins back.
Binance also allows users to nominate new tokens for potential listing by depositing 2,000 USDT. Recently, the exchange has focused on listing popular tokens, such as Toncoin (TON) futures contracts and the meme coin Dogwifhat (WIF) on the Solana network.
The Futures NEXT platform aims to create an interactive environment where users can showcase their market knowledge and potentially earn rewards for accurate predictions. Binance emphasizes that the platform’s purpose is to reward accurate forecasts rather than influence token listings.
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