New Binance Tokenomics Feature Integrated To Support Users Stay Informed
Key Points:
- Binance has partnered with CoinMarketCap to integrate token unlocking and vesting data into its platform.
- The Binance tokenomics feature aims to help traders make informed decisions based on token unlock schedules.
According to Decrypt, Binance, in cooperation with CoinMarketCap, has unveiled token unlocking and vesting information on its platform.
Read more: Binance Indonesian Subsidiary Secured Full License To Operate
Binance Tokenomics Feature Adds to Transparency
The Binance tokenomics feature is intended to equip users with critical information that may inform their decision-making processes when trading on the world’s largest cryptocurrency exchange by volume.
Token vesting refers to the gradual distribution of virtual tokens to the concerned stakeholders, investors, and developers over a predetermined period.
Commonly, crypto projects, such as blockchain networks and gaming platforms, lock certain parts of their token supply for long periods to prevent market saturation and ensure sustained development by offering an incentive for continued development. Through such gradual unlocking of the currencies, projects aim for stability whereby contributors get rewarded in proportion to the project’s performance.
Crypto Traders Gain Access to Key Token Unlock Schedules on Binance
The Binance tokenomics feature integration, showing key information such as circulating supply and the amount of unlocked versus locked tokens, is supposed to keep traders better informed.
A countdown timer of all upcoming scheduled token unlocks will also be shown on the Binance website so users can see when distributions are scheduled to occur. Both are live now on the Binance website and will soon be in the exchange app.
Advocates claim token unlocking schedules bring more predictability to the market. That being said, larger-scale unlocks had the potential to influence market conditions as investors weigh the impacts such an unlock may have on a token’s price. By providing this data publicly, Binance is looking to arm its user base with the resources necessary to more effectively manage its trading strategies.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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New Binance Tokenomics Feature Integrated To Support Users Stay Informed
Key Points:
- Binance has partnered with CoinMarketCap to integrate token unlocking and vesting data into its platform.
- The Binance tokenomics feature aims to help traders make informed decisions based on token unlock schedules.
According to Decrypt, Binance, in cooperation with CoinMarketCap, has unveiled token unlocking and vesting information on its platform.
Read more: Binance Indonesian Subsidiary Secured Full License To Operate
Binance Tokenomics Feature Adds to Transparency
The Binance tokenomics feature is intended to equip users with critical information that may inform their decision-making processes when trading on the world’s largest cryptocurrency exchange by volume.
Token vesting refers to the gradual distribution of virtual tokens to the concerned stakeholders, investors, and developers over a predetermined period.
Commonly, crypto projects, such as blockchain networks and gaming platforms, lock certain parts of their token supply for long periods to prevent market saturation and ensure sustained development by offering an incentive for continued development. Through such gradual unlocking of the currencies, projects aim for stability whereby contributors get rewarded in proportion to the project’s performance.
Crypto Traders Gain Access to Key Token Unlock Schedules on Binance
The Binance tokenomics feature integration, showing key information such as circulating supply and the amount of unlocked versus locked tokens, is supposed to keep traders better informed.
A countdown timer of all upcoming scheduled token unlocks will also be shown on the Binance website so users can see when distributions are scheduled to occur. Both are live now on the Binance website and will soon be in the exchange app.
Advocates claim token unlocking schedules bring more predictability to the market. That being said, larger-scale unlocks had the potential to influence market conditions as investors weigh the impacts such an unlock may have on a token’s price. By providing this data publicly, Binance is looking to arm its user base with the resources necessary to more effectively manage its trading strategies.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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