Binance, the world’s largest cryptocurrency exchange, announced that it will list a new altcoin on its pre-listing platform, Binance Alpha! Which Altcoin?
Binance Alpha Adds StakeStone (STO) Token to Listing Pool
Binance’s pre-listing platform Binance Alpha continues to offer projects early-stage evaluation. Finally, the decentralized omnichain liquidity infrastructure protocol StakeStone (STO) has been added to the platform.
Being listed on Binance Alpha gives projects more visibility in the Binance ecosystem, while also opening the door to a potential listing process. However, this does not mean that any token will be listed directly on the Binance exchange. However, it is known that many projects that have been on the platform in the past have started trading on the exchange.
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What Does the Alpha Listing Mean?
StakeStone stands out as an innovative protocol that enables liquidity flow between different blockchain networks. Being included on the Binance Alpha platform could increase the recognition of this project by a wider investor base and increase the likelihood of it being listed on Binance in the future.
Binance also partnered with decentralized exchange PancakeSwap to hold a special pre-sale event for StakeStone today. The event ended at 08:30 and was sold on Binance Smart Chain. After the pre-sale was completed, the tokens were traded directly on the market.
After the pre-sale was completed, the STO price dropped by 9% to $0.0676. Investors continue to follow the developments in Alpha and evaluate the future path of StakeStone.
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