Binance FOLKS Listing Details: Spot and Futures Launch

According to Binance’s official announcement, FOLKS/USDT spot trading will go live on November 6, 2025, at 12:00 (UTC) via Binance Alpha. Just thirty minutes later, at 12:30 (UTC), the FOLKSUSDT perpetual futures contract will become available on Binance Futures.

The FOLKSUSDT contract will offer up to 50x leverage, allowing traders to take both long and short positions. It will be USDT-margined, feature funding fees calculated every four hours, and remain open for trading 24/7. This simultaneous launch on both spot and derivatives markets underscores Binance’s commitment to supporting promising DeFi projects with robust trading options.

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Exclusive Alpha Rewards Campaign

To celebrate the listing, Binance is hosting a limited-time airdrop campaign for eligible users. Participants can redeem rewards using their Binance Alpha Points between November 6 at 12:00 and November 7 at 12:00 (UTC) through the Binance Alpha Event Page. This initiative is part of Binance’s ongoing efforts to boost engagement within its early-access trading ecosystem.

What Is Folks Finance (FOLKS)?

Folks Finance is a decentralized asset management protocol offering a wide range of DeFi services across multiple blockchains. It enables users to:

• Lend and borrow digital assets

• Participate in staking and liquid staking

• Conduct token swaps

• Engage in leverage trading

At the heart of the ecosystem lies the FOLKS token, which powers governance, staking tiers, and protocol incentives. Token holders benefit from reduced platform fees, enhanced APY rewards, increased loan-to-value (LTV) ratios, and voting rights in governance decisions — reinforcing the token’s role as the backbone of the Folks Finance economy.

What is Folks Finance (FOLKS)?

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The post Binance Futures and Binance Alpha Announce a New Listing! appeared first on Coin Engineer.

The native FOLKS token has multiple uses:

• Tiered staking system

• Discounts on protocol fees

• Increased staking APY

• Higher Loan-to-Value (LTV) ratios for borrowing

• Governance participation

Team and Founders

• Founder & CEO: Benedetto Biondi

  • Mentor in Techstars Web3 and other accelerator programs

  • DeFi advisor at Climatecoin

  • Teaches “Economics and Law for Digital Assets” at the University of Florence

  • Forbes 30 Under 30 in Finance

Project Vision and Purpose

Folks Finance aims to make decentralized asset management simple, efficient, and accessible while offering cross-chain solutions in the DeFi ecosystem. Both technical and non-technical users can easily utilize its tools.

Investors and Partnerships

• Total Funding: $6.2M

• Leading Investors: Borderless Capital (Lead), Algorand Ventures, Mapleblock Capital, SOVO Ventures

• Other Investors: 2×17, Black Alpha Capital, Coinvision, DuckDao, Roham Gharegozlou (Angel)

• Technology & Ecosystem Partners: Chainlink CCIP, Wormhole, Circle CCTP, Pera, Pact, Tinyman, Humble

How the Protocol Works

• xChain App: Cross-chain hub-and-spoke architecture, providing fast, user-friendly liquidity access across multiple blockchains. Users can lend, borrow, or stake across different chains in one interface.

• Algorand App: Liquid staking, loan looping, DEX router

• Monad Testnet: Cross-chain borrowing and unified liquidity experience

Governance

FOLKS token holders participate in protocol governance, voting on strategic decisions and updates.

Roadmap

• 2023: Pera onramp, Lending Pools, xALGO BNB Chain launch, Chainlink CCIP, Folks Router, Ultraswap

• 2024: Cross-chain expansion, xChain app development, Linea, Polygon, Optimism, ZKsync integration

• 2025: Mobile app launch

Token Info

• Token Name: FOLKS

• Max Supply: 50,000,000 FOLKS

• TGE Unlock: 12,700,475 FOLKS (25.4%)

Token Distribution

• Community — 35%

• Ecosystem Growth — 24.73%

• Seed Supporters — 21.83%

• Strategic Supporters — 4.94%

• Core Contributors — 10%

• Advisors — 3.5%

Ecosystem & Features

• Supported Networks: Avalanche, Base, Ethereum, Arbitrum, BNB Chain

• Cross-Chain Support: Borrowing and lending across multiple blockchains

• Liquidity & Staking: APY increases with FOLKS token

• Leverage Trading: Leverage trading and leverage liquid staking

• Community-Focused: Airdrops and user incentives encourage adoption

• Sustainable Growth: Token distribution and vesting ensure long-term growth

Official Links

• Website
• Twitter
• Telegram
• Discord

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is Folks Finance (FOLKS)? appeared first on Coin Engineer.