Binance has announced the launch of Futures NEXT, a groundbreaking platform within Binance Futures. This platform empowers users to actively participate in predicting token listings on Binance Futures’ USDⓈ-M market and, in turn, offers rewards for accurate predictions. The NEXT Pool is an essential component of the Futures NEXT platform, showcasing a carefully selected array of tokens nominated by users for potential listing. This nomination process ensures that the pool accurately reflects the community’s perspective on promising tokens for the USDⓈ-M Futures market.
Users can actively engage with the NEXT Pool by allocating “Picks” to their preferred tokens. Successful listings of nominated tokens in the USDⓈ-M Futures market result in users earning rewards.
Futures NEXT’s approach
Futures NEXT operates independently of Binance’s official listing process, focusing on rewarding accurate market predictions rather than influencing token listings. Despite user nominations and Picks allocation, Futures NEXT is not a voting platform. Participation in Futures NEXT is straightforward. Users can predict future listings by purchasing Picks for 1 USDT each or nominate new tokens to the NEXT Pool with a 2,000 USD nomination Seed.
Picks are tokens users bet on for potential listing on USDⓈ-M Futures. Each Pick is valued at 1 USDT, and successful predictions yield rewards in the form of Futures trading vouchers. Futures NEXT offers a risk-free participation model, allowing users to withdraw Picks after a 3-day lock-in period if the nominated token doesn’t get listed.
Users can allocate a maximum of 100 Picks to a token and withdraw Picks or change allocations after the 3-day lock-in period. Additionally, users can nominate tokens not in the NEXT Pool by investing 2,000 USDT, with approval subject to Binance’s internal criteria.
Rewards For Users
Futures NEXT rewards include Futures Bonus Vouchers for new traders and Futures Trading Fee Rebate Vouchers for existing users. The Pick to Reward Multiplier enhances rewards, calculated by multiplying the Pick value by the specified multiplier, leading to greater bonuses.
Rewards in the form of vouchers will be distributed within 10 days after the successful listing of predicted tokens, with redemption instructions provided. Once approved, Nomination Seeds transform into Picks for the nominated token, locked for 30 days. Unapproved nominations result in a full refund of the 2,000 USDT Nomination Seed to the user’s Futures Wallet.
