Binance Futures has launched a market for listing forecasts
Users will be able to select tokens from a special pool of potential listing candidates and receive vouchers if their predictions come true.
The futures platform of the Binance crypto exchange has launched the Futures NEXT product, with which you can predict upcoming listings on Binance Futures and receive rewards. Users can make a prediction by selecting tokens from a special list of potential candidates for listing, and receive vouchers for futures trading or a discount on trading fees if it comes true.
Tokens for the forecast can be selected from a special NEXT Pool pool compiled by users. According to Binance representatives, this approach ensures that the pool accurately reflects the community's point of view and understanding of promising tokens for the futures market. At the same time, they stressed that Futures NEXT is designed specifically for forecasts, not voting, and the popularity of a particular token on this platform does not guarantee its listing.
So, you can nominate a token as a potential candidate for listing in the NEXT Pool with an initial payment of 2000 USDT stablecoins. One user can nominate up to three tokens. You can make a forecast by selecting one token from this pool for 1 USDT. You can "bet" on one token no more than 100 times, and such "bets" can be made on a maximum of three different tokens.
In case of a successful prediction, a special multiplier is applied to the bets, which is converted into vouchers. For example, if a user has bet 100 USDT on a token with a multiplier of 1.2, after listing it, he receives a voucher for $ 120. Vouchers are distributed within 10 days after listing, they must be redeemed within 7 days from the date of distribution.
Users will also be able to withdraw their bets and nominations after the funds are blocked and convert them back to USDT.
Source: https://getblock.net/news/binance-futures-has-launched-a-listing-prediction-marketplace
