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Binance Will List Convex Finance (CVX) and ConstitutionDAO (PEOPLE) in the Innovation Zone

2021-12-23 02:03
Fellow Binancians,
Binance will list Convex Finance (CVX) and ConstitutionDAO (PEOPLE)in the Innovation Zone and will open trading for CVX/BTC, CVX/BUSD, CVX/USDT, PEOPLE/BTC, PEOPLE/BUSD and PEOPLE/USDT trading pairs at 2021-12-23 06:00 (UTC).
  • Users can now start depositing CVX and PEOPLE in preparation for trading
  • Withdrawals for CVX and PEOPLE will open at 2021-12-24 06:00 (UTC)
Note: The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.
CVX and PEOPLE Listing Fee: 0 BNB.
What is Convex Finance (CVX)?
Convex Finance is a yield optimization and automation protocol built on top of Curve Finance. It allows users to receive boosted CRV and liquidity mining rewards with minimal effort. CVX is the native token of Convex Finance for staking, claiming performance fees, and governance voting.
What is ConstitutionDAO (PEOPLE)?
ConstitutionDAO was a crowd-funding movement to buy a first-edition copy of the U.S. constitution. PEOPLE is the token representing a share of the ConstitutionDAO. Since the bid for the document has failed, the PEOPLE token is now also representing a DAO movement with historical significance.
Reminder:
The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.
Before being able to trade in the Innovation Zone, all users are required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer. Please note that there will not be any trading restrictions on trading pairs in the Innovation Zone.
CVX and PEOPLE are relatively new tokens that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to CVX’s and PEOPLE’s fundamentals, and fully understand the projects before opting to trade the token.
Please note that according to ConstitutionDAO’s official website, PEOPLE tokens possess no rights, governance, or utility other than redeeming them for Ethereum from the smart contract held in Juicebox at a ratio of 1,000,000:1. ConstitutionDAO cannot and will not endorse any future plans for the token.
Details:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
Thanks for your support!
Binance Team
2021-12-23
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.