- Token Unlocking and Vesting Feature
- Enhanced Transparency and User Experience
- Mock Spot Copy Trading Tournament
Binance, one of the largest crypto exchanges in the world, announced the introduction of the token unlocking and vesting schedule feature on September 11. The new feature, developed in collaboration with CoinMarketCap, will be available on the Binance website and soon on its mobile application.
Token Unlocking and Vesting Feature
The new feature allows investors to access critical data about token unlocks and vesting periods, helping them make more informed trading decisions. The exchange expressed hope that the partnership with CoinMarketCap would increase transparency about project token economics.
Enhanced Transparency and User Experience
The feature is expected to improve user experience as investors won't need to leave the Binance website to access the data. CoinMarketCap data simplifies information such as percentage of locked-up tokens, vesting schedules, and upcoming unlock events. Vishal Sacheendran, Binance's Head of Regional Markets, mentioned that the new feature is intuitive and designed to improve investor experience by making information readily available.
Mock Spot Copy Trading Tournament
On the same day, Binance announced the launch of a mock spot copy trading tournament where participants can share 10,000 FDUSD. The tournament allows participants to explore the features of spot copy trading without incurring losses or dealing with risks. The tournament will run from September 11 to September 29 at 23:59 (UTC). Participants can confirm their participation and create a mock spot copy trading account. Rewards will be distributed within 21 days after the tournament ends via Binance's Rewards Hub.
The launch of the new feature and the tournament demonstrate Binance's commitment to improving data transparency and user experience by providing new opportunities for investors.
Comments