KEY TAKEAWAYS
- Binance will list four new tokens on its spot market, with trading starting on March 27, 2025.
- The listing follows a community voting process, ensuring transparency and community involvement.
- Risk management measures, including a mandatory quiz, are in place for trading these high-volatility tokens.
Binance has announced the listing of four new tokens—Mubarak (MUBARAK), CZ’s Dog (BROCCOLI714), Tutorial (TUT), and Banana For Scale (BANANAS31)—on its spot market. Trading for these tokens will commence on March 27, 2025, at 21:00 UTC. The tokens will be available in the following trading pairs: MUBARAK/USDT, MUBARAK/USDC, BROCCOLI714/USDT, BROCCOLI714/USDC, TUT/USDT, TUT/USDC, BANANAS31/USDT, and BANANAS31/USDC.
Deposits for these tokens can be made starting one hour before trading begins, and withdrawals will open on March 28, 2025, at 21:00 UTC. Binance has set the listing fee at 0 BNB for these tokens. The smart contract addresses for each token are available on the BNB Smart Chain, ensuring transparency and accessibility for users.
Community Voting and Evaluation Process
The decision to list these tokens followed a comprehensive evaluation process, including a community voting campaign. The campaign received a total of 185,432 votes from 119,334 participants. After filtering out invalid votes, 172,973 authenticated votes remained. The evaluation considered factors such as historical token performance, trading demand, fundamental analysis, compliance checks, and risk assessments.
The community voting process involved two methodologies to ensure fairness. Methodology 1 required voters to maintain a minimum balance of 0.01 BNB throughout the voting period, while Methodology 2 required the same balance from the snapshot time until the end of the voting period. The final results ranked MUBARAK, BANANAS31, and BROCCOLI714 among the top tokens, leading to their selection for listing.
Trading and Risk Management
Binance has highlighted the importance of risk management for these newly listed tokens, which are marked with a ‘seed tag’ due to their innovative nature and potential for high volatility. Users interested in trading these tokens must pass a quiz every 90 days to ensure they understand the associated risks. This requirement is part of Binance’s efforts to promote informed trading decisions among its users.
For more details on the listing and the voting process, you can view the official announcement here.
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