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The major cryptocurrency exchange Binance has announced its platform called Futures NEXT, aimed at revolutionizing predictive engagement in altcoin listings for its futures trading arm, Binance Futures. The platform allows users to make predictions on altcoin listings and join the dynamic world of Binance Futures altcoin listings by winning rewards if their predictions come true.
Users to Predict Altcoins for Listing
At the heart of Futures NEXT lies the NEXT Pool, serving as a curated collection of altcoins nominated by users for potential listing on the USDⓈ-M Futures market. This user-centric approach ensures that the pool accurately reflects the community’s perspective and understanding of promising altcoins.
Users can actively participate in the platform by selecting the altcoins they expect to be listed in the NEXT Pool. These selections represent predictions about which altcoins will be listed on Binance Futures in the future. If the chosen altcoins are successfully listed on the USDⓈ-M Futures market, users are eligible to win rewards. At this point, Binance noted that Futures NEXT operates independently of the altcoin listing process on Binance Futures.
Binance clarified that the platform is not a voting platform and the popularity of altcoins on the platform does not guarantee listing.
Using Futures NEXT
Using the Futures NEXT platform is quite simple. Users can predict future listings by purchasing the right to choose an altcoin for listing for 1 USDT each, or they can nominate a new altcoin to the NEXT Pool with 2,000 USDT Nomination Seeds.
The platform offers a risk-free participation model, allowing users to withdraw their selections if the nominated altcoins are not listed within the specified time. The flexibility of Futures NEXT extends to the withdrawal of selected altcoins after a 3-day lock-up period. This way, users can adjust their strategies according to market dynamics and changing market conditions without taking any risk. Additionally, users can nominate up to three altcoins for listing at the same time. Each nominated altcoin will be subject to Binance’s review and approval process.
Rewards for successful predictions will be delivered to users as Futures Bonus Coupons and Futures Discount Coupons, calculated according to the platform’s specified Selection-Reward Multiplier. These coupons will be distributed to users within 10 days after the successfully nominated altcoins are listed on Binance Futures.
