— Binance (@binance) June 13, 2019
According to the announcement, the new initiative is designed to list at least one project on Binance.com each month over the next 3 months, selected from the projects currently trading on Binance DEX.
The selected projects will gain a free listing but must meet the minimum requirements, including maintaining a daily trading volume of at least $50,000 in their respective trading pair on the Binance DEX each day in the month leading up to the potential listing. The winning altcoin for each month will be announced between the 20th and 25th of the month.
To illustrate the impact of being listed on Binance after trading as a BEP-2 token on the DEX, look no further than Fantom (FTM), which saw its price rally more than 70% when it became the first DEX listing to jump to Binance’s main exchange earlier this week.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.