Binance Launches Futures NEXT: Predict Token Listings and Earn Rewards

Rebeca Moen  Mar 07, 2024 16:38  UTC 08:38

0 Min Read

Binance, the world's leading cryptocurrency exchange, has recently introduced an innovative new platform called Futures NEXT. This pioneering offering allows users to engage with the dynamic world of token listings by predicting which tokens will be listed on Binance Futures' USDⓈ-M market..

Futures NEXT operates independently from Binance's standard listing process, focusing on rewarding users for accurate market predictions rather than directly influencing token listings. The platform features a unique "NEXT Pool" which displays a curated collection of tokens nominated by the community for potential listing.

Users can participate in Futures NEXT by purchasing "Picks" for 1 USDT each and allocating them to their preferred tokens within the NEXT Pool. If a user's selected token is successfully listed on the USD‚ìà-M Futures market, they can earn rewards in the form of Futures trading vouchers, with the potential for even greater rewards through a multiplier system.

Binance has designed Futures NEXT to offer a risk-free participation model. If a token that a user has allocated Picks to does not get listed, they can withdraw their Picks after an initial 3-day lock-in period. The Picks will be converted back to USDT and credited to the user's Futures Wallet, allowing for re-allocation to a different token or complete withdrawal.

In addition to allocating Picks, users can also nominate new tokens to the NEXT Pool by investing 2,000 USDT as a "Nomination Seed". After Binance's review and approval process, the Nomination Seed is converted into Picks tied to the nominated token, which are locked for 30 days.

Rewards for successful predictions on Futures NEXT come in two forms: new traders receive Futures Bonus Vouchers to kickstart their futures trading journey on Binance, while existing futures users enjoy Futures Trading Fee Rebate Vouchers for added benefits. The value of these vouchers is determined by the user's Pick amount amplified by a specified multiplier.

Binance's introduction of Futures NEXT showcases the exchange's commitment to innovation and user engagement within the rapidly evolving cryptocurrency market. By enabling users to predict token listings and earn rewards, Binance is not only incentivizing community participation but also enhancing the overall trading experience on its platform.

Through this platform, Binance aims to further empower its users, fostering a more dynamic and rewarding trading environment.

Image source: Shutterstock

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