With the launch of its Next platform, cryptocurrency exchange Binance lets users predict which tokens will be added to its futures exchange next.
In a statement today, the exchange said that users might suggest tokens to be listed. Any trader may bet on a nominee after they’ve been nominated. In the event that they were successful, these users would get bonuses in the form of trading fee refunds or bonus coupons for futures trading. Vouchers valued 1.2 times the traders’ picks are given to winners of bets.
Traders may buy a “pick” for 1 USDT, which allows them to speculate on possible token listings. A trader may choose up to three digital tokens to forecast, and they may make up to 100 selections at once. The trader may recover their stablecoins even if the token isn’t listed.
The exchange affirmed that it would stick with its present procedure and made it clear that this is not a place for voting to help choose which coins to list.
The exchange stated:
“Futures NEXT operates independently of Binance’s listing process, focusing on rewarding accurate market predictions rather than influencing token listings.”
