Cryptocurrency giant Binance has unveiled a novel platform named Futures NEXT, which aims to innovate the way users engage with future altcoin listings on its derivatives exchange, Binance Futures. The platform offers traders the chance to predict which altcoins will be featured in future trading and rewards correct foresight. Participants can henceforth immerse themselves in the dynamic sphere of altcoin listing predictions and potentially reap benefits for accurate predictions.
User-Centric Prediction Pool
Central to Futures NEXT is the NEXT Pool, a user-generated collection of altcoins under consideration for addition to the Binance Futures USDⓈ-M market. The pool reflects the collective anticipation and judgment of the community regarding which altcoins hold promise. Users make their mark by selecting altcoins they anticipate will make the cut for future listings.
Rewards await users whose selected altcoins are indeed listed, with Binance clarifying that the platform’s predictive feature functions independently from the actual listing decision-making process for the USDⓈ-M Futures market.
Engaging with Futures NEXT
Interacting with Futures NEXT is straightforward: users can either purchase the right to nominate an altcoin for 1 USDT each or propose a new altcoin to the NEXT Pool with 2,000 USDT Nomination Seeds. The platform provides a risk-free experience, allowing users to retract their nominations should their predicted altcoins fail to list within a predetermined period.
Moreover, the platform accommodates the nomination of up to three altcoins simultaneously, each subject to Binance’s rigorous review. For successful predictions, users receive rewards in the form of Futures Bonus and Discount Coupons, granted based on a pre-defined multiplier and distributed within ten days of the altcoin’s successful listing.