Starting December 13th, 2024, at 14:00 UTC, users will be able to trade VELODROME against USDT on Binance.
According to its blog post, you can buy and sell VELODROME tokens easily on Binance, opening up more options for crypto traders.
What You Need to Know
- New Spot Trading Pair: VELODROME/USDT
- Trading Starts: December 13th, 2024, at 14:00 UTC
- Deposits: You can start depositing VELODROME tokens into your Binance account two hours before trading begins, so you’ll be ready when the market opens.
- Withdrawals: You will be able to withdraw your VELODROME tokens starting December 14, 2024, at 14:00 UTC.
- Listing Fee: There’s no listing fee—Binance is waiving the usual cost of listing with 0 BNB required for this token.
Binance will list @VelodromeFi (VELODROME) with seed tag applied.
https://t.co/g6DoKXi1o9 pic.twitter.com/ufSp2o1TP7
— Binance (@binance) December 13, 2024
Before you start trading, it’s a good idea to deposit your VELODROME tokens into Binance ahead of time. The deposit window opens before trading begins, so you can make sure you’re all set up. Just be aware that withdrawals won’t open until December 14, so plan accordingly.
What’s Special About VELODROME?
VELODROME is part of the Optimism network, which is designed to make transactions faster and more efficient. The smart contract address for VELODROME on Optimism is 0x9560e827af36c94d2ac33a39bce1fe78631088db, and it will be labeled with a “seed” tag to show that it’s newly listed. You can view this tag on Binance for more clarity.
Once the token is listed, trading bots and spot copy trading will be enabled within 24 hours. That means you can use bots to help you trade or copy the strategies of other successful traders. If you’re already using Spot Copy Trading, you can add VELODROME to your portfolio by adjusting your settings in the Personal Pair Preference section. Here are some great stats from VELODROME:
Epoch 132 Recap
Velodrome had its third-highest volume epoch, hitting $669m, with Slipstream accounting for 96% of that. veVELO voters received ~$642k in total rewards.
Velodrome is a public goods protocol, returning 100% of the value to voters and LPs. pic.twitter.com/n2CE9Ip45y
— Velodrome (@VelodromeFi) December 12, 2024
Things to Keep in Mind
Binance reminds users that the withdrawal time is estimated, and you can always check the actual status of your withdrawals on the withdrawal page. Since translations may vary, always refer to the original English version for the most up-to-date information.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
The post Binance Lists VELODROME for Trading appeared first on Altcoin Buzz.
This articles is written by : Fady Askharoun Samy Askharoun
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