Binance Launches Platform for Users to Bet on Future Token Listings
Nominate your token to the next pool...
Binance announced on Thursday (March 7) the launch of Futures NEXT, an initiative designed to reward users who bet on which tokens will be listed in the future on Binance Futures, its service focused on derivatives.
"Through a prediction-based mechanism, users are rewarded for accurately predicting which tokens will be listed on the Binance Futures USD-M market," the brokerage note explains, emphasizing that it is not a voting process — USD-M are margin contracts based on the US dollar.
According to Binance, to participate, traders will need to interact with the NEXT Pool, an integral part of Futures NEXT, where a selected collection of tokens will be displayed. Users can nominate up to three tokens at a time as potential future listings.
"This user-centered nomination process ensures that the pool accurately represents the community's perspective and understanding of promising tokens for the future USD-M market," states an excerpt from the announcement.
Once nominated, any trader can place bets on these assets and, if successful, will be rewarded with future trading bonus vouchers or trading fee discounts.
If the token is successfully listed, a 1.2 multiplier will come into play. "Consequently, instead of a simple 100 USDT bonus voucher based on a 1:1 ratio, you will receive a bonus voucher worth 120 USDT," the note explains.
"The reward vouchers will be distributed within 10 days after the successful listing of the predicted tokens."
The note also clarifies that Futures Next is not a voting platform and that the team will continue to use the current process for asset listings.
"Futures Next operates independently from the Binance listing process, focusing on rewarding accurate market predictions rather than influencing token listings," it concluded.
