This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance is excited to announce that Towns (TOWNS) and Succinct (PROVE) will be added to Binance Simple Earn, "Buy Crypto", Binance Convert, Binance Margin, and Binance Futures at the respective dates and timings listed below.
TOWNS Flexible Products and PROVE Flexible Products will be listed on Binance Simple Earn at 2025-08-05 14:30 (UTC) and 2025-08-05 17:00 (UTC) respectively. Both products will also be available for subscription.
Notes:
Towns (TOWNS) and Succinct (PROVE) are projects on the Binance HODLer Airdrops program, which rewards BNB holders with token airdrops based on historical snapshots of their BNB Simple Earn asset or BNB On-Chain Yield balances.
Users can subscribe to BNB Simple Earn Products (Flexible or Locked Products) or BNB On-Chain Yields to automatically enjoy HODLer Airdrops rewards.
Users can buy TOWNS and PROVE with VISA, MasterCard, Google Pay, Apple Pay, Revolut or buy and sell TOWNS and PROVE with their account balances on the “Buy Crypto” page. These will be available within one hour of TOWNS and PROVE being listed on Binance Spot.
Users will be able to start trading TOWNS and PROVE against BTC, USDT, and any other tokens on Binance Convert at zero fees within one hour of TOWNS and PROVE being listed on Binance Spot.
Binance Margin will add TOWNS and PROVE as new borrowable assets on Cross and Isolated Margin.
The following pairs will be added on Cross and Isolated Margin at the respective dates and timings listed below:
TOWNS/USDT and TOWNS/USDC pairs will be added on Cross and Isolated Margin at 2025-08-05 14:30 (UTC).
PROVE/USDT and PROVE/USDC pairs will be added on Cross and Isolated Margin at 2025-08-05 17:00 (UTC).
Notes:
Please note that newly listed tokens tend to be volatile; users are encouraged to adopt stringent risk management strategies when trading such tokens.
Please refer to Margin Data for a list of the most updated marginable assets and further information on specific limits, collateral ratio and rates.
Binance Futures will launch the USDⓈ-M TOWNS Perpetual Contract and USDⓈ-M PROVE Perpetual Contract at 2025-08-05 14:30 (UTC) and 2025-08-05 17:00 (UTC) respectively, with up to 75x leverage.
More details on the USDⓈ-M TOWNS Perpetual Contract and USDⓈ-M PROVE Perpetual Contract can be found in the table below:
Please Note:
The maximum funding rate of the TOWNSUSDT and PROVEUSDT Perpetual Contracts at the time of launch is +2.00% / -2.00%.
The funding fee settlement frequency is every four hours.
The aforementioned perpetual contracts will be made available for Futures Copy Trading within 24 hours of launch. For more information on available Futures Copy Trading contracts, please refer to this FAQ.
Based on market risk conditions, Binance may adjust the specifications of the TOWNSUSDT and PROVEUSDT Perpetual Contracts from time to time, which include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
Multi-Assets Mode allows users to trade the TOWNSUSDT and PROVEUSDT Perpetual Contracts across multiple margin assets, subject to the applicable haircuts. For example, when the Multi-Assets Mode is activated, users can use BTC as margin when trading the TOWNSUSDT and PROVEUSDT Perpetual Contracts.
The TOWNSUSDT and PROVEUSDT Perpetual Contracts are subject to the Binance Terms of Use and the Binance Futures Service Agreement.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-08-05
Note: This announcement was amended on 2025-08-05 to update the Tick Size for TOWNSUSDT is 0.00001, PROVEUSDT is 0.0001.
USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected].
Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.
