#BinanceAlphaAlert

Binance Alpha announces the listing of SKATE

SKATE is the native utility and governance token that powers Skate's multi-VM infrastructure. The total supply is capped at 1 billion tokens, with 10% allocated for the initial airdrop. This distribution will reward the early participants who contributed to the adoption of the platform.

According to Binance's official announcement, trading of SKATE will begin on June 9, 2025, at 10:00 UTC on Binance Alpha. Additionally, futures trading will start at 10:30 UTC on the same day.

"Eligible users need to use Binance Alpha Points to claim their airdrop on the Alpha event page, which will be published on June 9 with the activity rules," Binance noted.

This dual listing marks a significant milestone for the debut of SKATE. It provides traders access to spot trading and leveraged futures, and is expected to boost market participation and liquidity for the new token.

Notably, the announcement also impacted the price of SKATE.