Binance Enhances Trading Experience with First-in-Market Token Unlock and Vesting Schedule

13th September, 2024 – Binance, the leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume, today introduced the first-in-market Token Unlock and Vesting Schedule feature for a crypto exchange.

Binance has integrated CoinMarketCap data directly, enabling users to conveniently view each token’s unlocking and vesting schedule information without having to leave the Binance platform.

Token unlocking and vesting refers to the planned supply of a specific volume of tokens over a predefined period onto the open market. This provides predictability and transparency for market participants. Token unlocking is a key component of ‘tokenomics,’ which is the economic analysis of cryptocurrency projects and tokens. Binance is enhancing the user experience by making more accessible material information that can help users make informed decisions and optimize their trading strategies.

Binance will display each token’s circulating supply, its unlocked and locked quantities and percentages, the next upcoming scheduled unlock and a countdown timer. The feature will be first available on the Binance website and will be introduced on the Binance app progressively.

Binance’s first-in-market Token Unlock and Vesting Schedule feature integrates CoinMarketCap data to display each token’s circulating supply, its unlocked and locked quantities and percentages, the next upcoming scheduled unlock and a countdown timer. The data in the image above is for illustration only.

Vishal Sacheendran, Head of Regional Markets at Binance, commented, “We are always improving the user experience and helping our users optimize their trading strategies. Our Token Unlock and Vesting Schedule is the first for a crypto exchange and it is a highly intuitive feature that provides our users with more information that can enhance their experience on our platform.”

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