Gilsera

This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
As the cryptocurrency market continues to evolve, Binance remains deeply committed to maintaining a responsible listing framework that prioritizes user protection, regulatory and compliance considerations and long-term project quality.
Binance is detailing its various listing products and methods, and the corresponding evaluation requirements to help projects familiarize themselves. Projects interested in listing on Binance can also learn more about how they can apply towards the end of this notice.
Overview of Binance Listing Products:
Binance Alpha: Binance Alpha serves as a pre-listing token selection pool focused on discovering promising early-stage crypto projects in the Web3 ecosystem and offers a potential pathway for these projects to be listed on the main Binance Exchange. Binance Alpha can be accessed from both Binance Wallet and Binance Exchange. This seamless integration allows users to trade selected early-stage tokens on-chain without needing Web3 wallets or external transfers.
Binance Futures: Binance Futures is the largest crypto futures platform by trading volume. Users can use futures and other derivatives for liquidity, express their view on the market, as well as hedge their portfolios and protect against unexpected market movements. Derivatives allow users to take on long and short positions without holding the underlying tokens.
Binance Spot: Binance Spot is the largest crypto spot platform by trading volume, allowing users to directly buy, sell, and hold high-quality crypto assets, thus facilitating asset ownership and long-term holding. In addition to direct spot listing, Binance offers multiple opportunities for projects to increase exposure and user engagement, such as HODLer Airdrops, Launchpool, and Megadrop. These initiatives provide projects with valuable opportunities to engage with Binance’s large user base and gain early traction, while users can access these tokens before their official listing on Binance Spot.
Launchpool: Binance Launchpool allows users to earn new project tokens for free by locking BNB (either through Binance Simple Earn or decentralized BNB assets stored in Binance Wallet) and other supported tokens.
Megadrop: Binance Megadrop integrates Binance Simple Earn with Binance Wallet, allowing users to gain early access to carefully selected Web3 projects. Users can lock BNB or complete Web3 quests (such as interactions or transactions) to earn points, which determine their proportional token rewards.
HODLer Airdrops: The Binance HODLer Airdrops distributes token rewards based on historical snapshots of users’ BNB holdings in Binance Earn and/or On-Chain Yields products taken at random periods. By subscribing BNB to Fixed and/or Flexible Earn, and/or On-Chain Yields products, users automatically qualify for HODLer Airdrops rewards.
Listing Methods & Requirements:
Binance supports various listing methods, each with specific requirements for project teams:
1. Binance Alpha Featuring
Alpha featuring is currently categorized into two types: circulating projects and non-circulating projects.
Non-Circulating Projects
New projects at the Token Generation Event (TGE) stage can apply for an Exclusive TGE or Alpha Initial Airdrop. These projects will benefit from Binance ecosystem’s extensive traffic, gaining more exposure and user support.
The evaluation focuses on:
Project Fundamentals and Performance Metrics:Consumer products, infrastructure projects and other non-meme projects:User Adoption: Established user base or verified adoption metricsBusiness Model: Viable business model with clear growth pathways and profitability prospectsSector Relevance: Relevance to trending crypto themes and emerging narrativesFor Memecoins: Strong community foundation and cultural resonanceTokenomics:Token Distribution: Unique number of holders, concentration of holdings among insiders, market makers, or developers Vesting Schedule: Vesting schedules and unlock events Technical Risk Assessment:Token and relevant contracts for potential risksCode quality, innovation potential, system complexity, centralization risks, external audit history, dependency management, and prior security incidentsTeam Background and Compliance Review:Background check of the key team and key relevant stakeholdersCompliance-related risks assessment, such as sanctions and other financial risks.
Circulating Projects
Projects that have already issued tokens and are circulating in the market can apply for Direct Featuring on Alpha. Currently, the platform supports four blockchains: BNB Chain, Solana, Base, and Ethereum. We plan to expand support to more chains based on community development across various public blockchains.
For these projects, we place emphasis on secondary market performance and token distribution, while also still evaluating project fundamentals and performance metrics, tokenomics, technical risk assessment and team background as per the criteria above for TGE projects.
Specific requirements for secondary market performance include:
Trading volume, liquidity depth, and historical price volatility Fully diluted valuation (FDV) and market capitalization (MCap)
2. Futures Listing
Futures listings reviews are currently categorized into two types:
Projects Already Featured on Alpha:
Since these projects have already met fundamental requirements, such as tokenomics, team quality, and token unlock schedules during their Alpha featuring evaluation process, during the Futures listing review the focus will be placed primarily on the secondary market performance, provided there are no significant negative changes in the project’s fundamentals, token unlock schedules, team status, and other key indicators. Key requirements include:
High trading volume on Alpha, reflecting strong community and Binance users’ recognition;Stable price performance during the Alpha trading period, with no significant crashes or pump-and-dump behavior;Regulatory and compliance considerations;Continued compliance with sound token distribution and unlock schedules.
Projects Not Yet Featured or Unable to Get Featured on Alpha (e.g., new Layer-1 blockchains):
These projects must meet the comprehensive fundamental requirements similar to those for Alpha Featuring, including:
Project Fundamentals and Performance MetricsTokenomicsTechnical Risk AssessmentTeam Background and Regulatory and Compliance Review
3. Spot Listing
Spot listings reviews are currently categorized into two types: projects already listed on Futures and/or featured on Alpha and circulating, and new TGE projects.
Projects Already listed on Futures and/or featured on Alpha and Circulating:
These projects have met fundamental requirements during their Alpha/Futures listing evaluation process. During the spot listing review, the focus will be placed primarily on the secondary market performance, provided that there are no significant negative changes in the project’s fundamentals, token unlock schedules, team status, and other key indicators. Key considerations include:
High and sustained trading volume on Alpha and Futures platforms;Stable token price during Alpha and Futures trading periods, with no significant price crashes or pump-and-dump activities;Regulatory and compliance considerations;Continued adherence to reasonable token distribution and unlock schedules.
New TGE Projects:
Teams can consider first participating in Binance’s other listing methods, such as Launchpool, Megadrop, and HODLer Airdrops for a higher probability of securing a listing on Binance. Direct spot listing may also be considered based on the following criteria, which align with Alpha listing requirements:
Project Fundamentals and Performance MetricsTokenomicsTechnical Risk AssessmentTeam Background and Compliance Review
How to Apply:
Projects interested in listing can apply by:
Spot Listing: You can apply via the general Binance listing application form.
Futures Listing: You can apply via the Binance Futures listing application form.
Alpha Featuring: Projects interested in Binance Alpha can apply through the official Alpha application form here.
*Please ensure the application is completed by the project founder or key member and includes all relevant information to facilitate a thorough and timely review.
*If you have any questions about the listing process, please refer to our detailed FAQ.
Delisting Criteria (Applicable to Listing on Spot, Futures, and Alpha Featuring)
To maintain a healthy and sustainable ecosystem, Binance periodically reviews listed projects and may delist tokens that fail to meet ongoing standards. The following criteria apply to all delisting decisions across Spot, Futures, and Alpha markets.
1. Team and Governance
The project shows lack of ongoing development or appears abandoned.Development updates are insufficient or of low quality.The team has poor communication and transparency with the community and Binance.The project fails to respond to Binance’s periodic due diligence requests.Significant disruptive changes occur in team or ownership structure.
2. Market Performance and Trading Activity
Trading Volume and Liquidity: Consistently low trading activity or poor market depth.Price Stability: Significant crashes, or pump-and-dump behavior.Market Manipulation: Evidence or suspicion of price manipulation or fraudulent trading practices.Community Sentiment: Sustained negative feedback or loss of community trust.
3. Product and/or Network Security
Network Stability: Vulnerabilities, security breaches, or attacks compromising the project.Tokenomics: Unjustified or material increases in token supply, or major changes to tokenomics that harm holders.Regulatory Compliance: New legal or regulatory requirements that the project fails to meet.Unethical or Fraudulent Conduct: Evidence of fraud, negligence, or other unethical behaviors damaging the project’s integrity.
Binance is committed to maintaining a secure, transparent, and high-quality trading environment. We continuously monitor listed projects to protect our users and ensure the integrity of the ecosystem. Projects that fail to meet these standards may be delisted to safeguard the interests of the community.
These guidelines reflect Binance's commitment to maintaining a healthy and sustainable ecosystem. We encourage projects that meet these criteria to apply, ensuring a high standard for all listed assets.
Thank you for your support!
Binance Team
2025-04-25
Note: This announcement was amended on 2025-04-30 to update the Futures listing application method.

The team behind real-world tokenized asset blockchain Mantra says its native token’s sudden 90% plunge was caused by exchanges forcibly closing positions without notice, with one currently unnamed exchange potentially to blame. 

On April 13, Mantra (OM) price dropped from $6.30 to below $0.50, rapidly shedding over 90% of its $6 billion market cap.

“We have determined that the OM market movements were triggered by reckless forced closures initiated by centralized exchanges on OM account holders,” Mantra co-founder John Mullin wrote in an April 13 statement on X.

“The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning or notice,” he added. 

Source: John Mullin

“That this happened during low-liquidity hours on a Sunday evening UTC, early morning Asia time, points to a degree of negligence at best, or possibly intentional market positioning taken by centralized exchanges.”

Mullin told an X user they believe one exchange “in particular” was to blame but said they were still “figuring out the details.” He told others that the centralized exchange in question wasn’t Binance. 

Mantra has an upcoming community connect on X, where Mullin says the team would share more information.

Source: John Mullin

Some traders allege the token collapse was a rug pull, while others are speculating the Mantra team had used their tokens as collateral to take out a massive loan from a centralized exchange and the team fell prey to a loan risk parameter change, then a margin call.

Mullin denied these theories in follow-up X posts, saying, “The team did not have a loan outstanding” and haven't orchestrated a rug pull.  

“Tokens remain locked and subject to the published vesting periods. OM’s tokenomics remain intact, as shared last week in our latest token report. Our token wallet addresses are online and visible,” Mullin said.

Source: John Mullin

The price of OM staged a minor recovery in the aftermath of the price collapse, briefly returning above $1, but it is back down and currently trading around $0.7894, according to CoinGecko.

The token hit an all-time high of just under $9 on Feb. 23 and is now down over 91% from that figure.

Source: Star Xu

Millions of Mantra tokens moved in the week prior to collapse 

Blockchain analytics platform Spot On Chain said in an April 14 post to X that some OM whales moved 14.27 million tokens to the crypto exchange OKX three days before the crash. In March, the same whales picked up 84.15 million OM for $564.7 million.

“Now, after a brutal 90% drop, their remaining 69.08 million OM is worth just $62.2 million, putting their total estimated loss at a staggering $406.3 million,” Spot On Chain said.

“However, they may have hedged the position elsewhere, and it’s possible they contributed to the sharp drop.”

Source: Spot On Chain

At the same time, blockchain analytics platform Lookonchain said that since April 7, at least 17 wallets deposited 43.6 million OM into crypto exchanges, representing 4.5% of the circulating supply. 

In January 2025, Mantra and investment conglomerate DAMAC signed a $1 billion deal to tokenize the investment conglomerate’s various assets. 

Meanwhile, Mantra announced on Feb. 19 that it had received a virtual asset service provider license from Dubai’s Virtual Assets Regulatory Authority.

Magazine: Illegal arcade disguised as … a fake Bitcoin mine? Soldier scams in China: Asia Express

This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance will update the collateral ratio for the following assets under Portfolio Margin from 2025-04-18 06:00 (UTC). The update will be completed within approximately one hour.
AssetsCollateral Ratio (Before)Collateral Ratio (After)DENT65%55%ENJ70%55%NOT75%60%DASH70%55%CHZ80%65%AXS80%70%ENS80%70%SAND80%70%THETA80%70%QNT80%70%
Please Note:
Collateral ratio will affect the Unified Maintenance Margin Ratio (uniMMR). Users should monitor uniMMR closely to avoid any potential liquidation or losses that may result from the change of collateral ratio. 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.
For More Information:
Introduction to Binance Portfolio Margin ModeBinance Portfolio Margin Trading RulesBinance Portfolio Margin Mode Transfer-in Limits, Position Limits, Leverage, Supported Collateral and Rates
Thank you for your support!
Binance Team
2025-04-12

Forget ChatGPT predictions… a farmer from 1875 might’ve cracked the code!

Introducing: The Benner Cycle — it nailed previous market crashes and pumps. And now? It’s calling this:

📍 2023 = Accumulate silently

📍 2024-25 = Full-on HYPE mode

📍 2026 = PEAK. Sell-the-top vibes only.

But hold up… markets just dipped. Recession headlines everywhere.

Is the prophecy breaking — or just heating up?

2026 could be the year.

Stack wisely. Play the long game.

And whatever you do — don’t fade the farmer. 🌾💼🧠💸