The cryptocurrency exchange Binance has launched the Futures NEXT platform, allowing users to place bets on which tokens will be added to the USDⓈ-M futures market listing.
To vote for a chosen asset, users must purchase a Pick stablecoin priced at 1 USDT. Predictions can be made for up to three tokens, with up to 100 Pick allocated to each.
Users can also propose new tokens for potential listing by contributing 2000 USDT.
If a token is not listed, users will receive their stablecoins back.
In the event of a correct prediction, Binance will distribute rewards within 10 days of the listing in the form of futures trading vouchers or commission discounts.
Futures NEXT operates independently of Binance’s listing process, and a token’s popularity on the platform does not guarantee its addition to the exchange.
Back in February, Binance began searching for an insider within its team following a controversy over the Ronin listing.