Binance To Listing This Crypto With A couple of Pairs, However There is A Situation

Binance, a leading cryptocurrency exchange, has made headlines once again with its latest announcement regarding the listing of a new token on its platform. This development has sparked excitement among investors, who are eager to speculate on the potential impact of the listing on the token’s price. It’s a common trend in the crypto market that listings on major exchanges often lead to price rallies, while negative announcements can dampen investor sentiment.

Binance To List This New Token

Binance, in a recent announcement, unveiled its plans to list Lista (LISTA), a liquid staking and decentralized stablecoin protocol, as part of its Binance Megadrop initiative. The token will be available for trading on the crypto exchange starting from June 20, 2024, with multiple trading pairs including LISTA/BTC, LISTA/USDT, LISTA/BNB, LISTA/FDUSD, and LISTA/TRY.

Meanwhile, Binance will conduct the listing process after the Lista Megadrop event. Users will have the opportunity to maximize their Locked BNB Scores by locking their BNB in BNB Locked Products before May 30, 2024. 

Hourly snapshots of users’ subscription amounts will be taken during this period to determine rewards. In addition, users can complete Web3 Quests during the Quest Period, which includes tasks like staking BNB in the ListaDAO DApp.

Meanwhile, the announcement emphasizes that Binance will be the first platform to list Lista (LISTA), cautioning users against false advertising claims from other platforms. It underscores the importance of conducting thorough research to ensure the safety of investors’ funds.

Also Read: Ethereum Exchange Deposits Reach The Highest Since January, ETH Price Drop Soon?

A Closer Look Into The Report

Binance’s decision to list Lista (LISTA) reflects the exchange’s commitment to offering a diverse range of cryptocurrencies to its users. As anticipation builds for the listing, investors are eagerly awaiting the opportunity to participate in the Lista Megadrop and potentially capitalize on the token’s future performance in the market.

Meanwhile, Binance has previously created a buzz in the crypto market with its announcement of Lista as the second project on its new platform, Binance Megadrop. Notably, the LISTA token has a max supply of 1 billion, of which 10% or 100 million LISTA will be allocated for the Megadrop Token Rewards.

In addition, the report from Binance showed that the initial circulating supply of the token will be 230 million or 23% of the max token supply. Meanwhile, given the influence of these major crypto exchanges on the digital asset space, several market watchers will be closely watching the announcement’s impact on LISTA’s price.

Also Read: Pepe Coin Price Slips As Dev Team Sells 22B PEPE, What’s Next?

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.