Binance’s New Listing Model and Selected Tokens

As per the March 27 announcement, the following tokens will be listed on Binance Spot Market at 21:00 UTC:

• mubarak (MUBARAK)

• CZ’s dog (BROCCOLI714)

• tutorial (TUT)

• banana for scale (BANANAS31)

All tokens will be available for trading against USDT and USDC pairs. Deposits were opened earlier on March 27, while withdrawals will be available from March 28.

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Binance emphasized that selection was not solely based on voting data. A spokesperson clarified:

“The four tokens were chosen based on a comprehensive review, including raw voting data, market activity, risk compliance, and overall engagement.”

The exchange reviewed 185,432 votes and filtered out over 12,000 invalid ones during the vetting process.

Vote to List Process and Future Considerations

During voting, MUBARAK ranked highest under one methodology, while BANANAS31 led in another. However, Binance clarified that tokens not selected in this round may still be considered for future listings.

Binance stated:

“Tokens in the first batch of Vote to List that are not listed remain eligible for future consideration, subject to ongoing performance reviews and due diligence.”

The four selected tokens will carry a Seed Tag, indicating high risk and volatility. Users must complete risk acknowledgment quizzes every 90 days to access them. Regional restrictions also apply.

Binance noted:

“Trading availability of the aforementioned pairs is subject to the user’s country or region of residence.”

Binance Alpha users who previously held these tokens can now transfer them to their Spot Accounts for continued trading.

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The post Binance Reveals First “Vote to List” Results! appeared first on Coin Engineer.

Past Performance Suggests Positive Post-Halving Trends

Traditionally, halving events have proven beneficial for long-term Bitcoin holders. Here’s a glimpse into Bitcoin’s price performance following previous halvings:

2012 Halving: Investors who bought and held Bitcoin for several months after the first halving event witnessed substantial returns.

2016 Halving: While initial gains were moderate, Bitcoin’s price was significantly lower compared to today’s market value.

2020 Halving: A unique scenario emerged with the influx of COVID-19 relief funds, driving investments in risky assets like meme stocks and cryptocurrencies. This resulted in a surge in Bitcoin’s price, followed by a correction in 2022.

2024 Halving: Tempering Expectations in a Different Market Landscape

While past trends suggest a potential price increase post-halving, the current market conditions differ significantly:

High Valuation: Bitcoin is currently near its all-time highs, potentially indicating that the halving event might already be factored into its price.

Market Optimism: Stock markets are also at record highs, raising concerns that there might be limited room for further significant gains after the halving.

Investing in Bitcoin Before the Halving: A Calculated Decision

The upcoming halving shouldn’t be viewed as a guaranteed price catalyst. Investors should consider:

Priced-In Event: The halving is a known event, and its impact might already be reflected in Bitcoin’s current value.

Historical Context: Past halvings occurred when Bitcoin’s price was much lower. The economic conditions surrounding the 2020 surge were unique due to pandemic relief funds.

Investing in Bitcoin: Weighing Risks and Rewards

Bitcoin remains a highly volatile asset. While a price increase is possible after the halving, there’s no guarantee of replicating past gains. Investors should carefully assess their risk tolerance before investing in Bitcoin.

The post Bitcoin Halving 2024: Will History Repeat and Prices Soar? appeared first on Coin Engineer.