In addition to BONK, what other projects do Binance have that have contracts listed but no spot?

On December 15, after the Solana ecological meme token BONK surged by more than 18,000% in the past two months, Binance announced today the launch of BONK spot trading. In addition to the meme + Solana concept, BONK is also one of the projects that has a contract but no spot on Binance. According to the data provided by LieTu, in addition to BONK, Binance currently has 6 projects with contracts but no spot. BlockBeats has screened 4 of the projects that are highly discussed, hoping to be helpful to readers.

BIGTIME

• Current price: $0.6781

• Increase (24 H/7 d/30 d): -3.0%, 24.0%, 180%

• Market cap: $103, 409, 770

• Trading volume (24 h): 87, 475, 374 USD

Big Time is a massively multiplayer online role-playing game (MMORPG) built on Ethereum. It has an industry-leading team and financing. It has been dubbed a AAA masterpiece since its internal testing last year. From a team perspective, the Big Time team has a solid background in the gaming and encryption fields. Not only is the CEO a co-founder of Decentraland, but the core members all have experience in developing large-scale games or working in large-scale gaming companies. In terms of funding, Big Time has raised over $90 million through primary market financing and NFT sales, which is enough to support the development of a AAA game. In the future, when the game is officially launched, the project team can continue to operate sustainably through the sale of game resources.

The BIGTIME game adopts a unique token economic model, with a total of 5 billion tokens. In theory, all tokens are generated through in-game behavior rather than entering the game through issuance. Players mainly obtain BIGTIME tokens in three ways: First, they are randomly dropped and produced through a broken time hourglass in the personal metaverse SPACE. The hourglass is a one-time prop that is not on the chain and bound to the players account; second, it uses functionality The NFT Time Guard makes a time hourglass and consumes time crystals to charge it to generate tokens; the third is to obtain it through market purchase or team airdrop.

Binance will launch the BIGTIME U-based perpetual contract with a maximum price of 20 times on October 12, 2023.

As the market continues to heat up, the chain gaming sector represented by BIGTIME officially took off on December 1, and the currency price increased by more than 4 times in just 4 days. As of press time, the price of BIGTIME was US$0.6782. Although it fell slightly from its high point, the trading volume remained high. As mentioned before, a very important consideration for CEX listing is the level of trading activity. In addition, as the hottest hype target in the current blockchain game sector, new people are constantly entering the blockchain game, and the listing of BIGTIME may also bring new customers to CEX.

KAS

• Current price: $0.1235

• Increase (24 H/7 d/30 d): -3.7%, -4.4%, 27.6%

• Market Cap: $2,709,679,672 (#31)

• Trading volume (24 h): 40, 786, 197 USD

The Kaspa mainnet was officially launched on November 7, 2021. It uses the BlockDAG architecture to solve the scalability issues associated with traditional blockchain operations. The KAS mining algorithm is kHeavyHash, which supports GPU single mining or dual mining with ETHW and ETC, and supports mining with some FPGA and ASIC mining machines.

Kaspas economic model is similar to Bitcoins issuance mechanism. There is no pre-mining or pre-sale, and all tokens can only be obtained through mining. The total supply of its token KAS is 28.7 billion, which is expected to be mined within 186 months. Currently, 25% of the tokens have not been produced, and the circulation will be basically released in April 2037.

Binance launched the KAS U-margined perpetual contract with a maximum leverage of 50x on November 17.

PYTH

• Current price: $0.4

• Increase (24 H/7 d/30 d): -3%, -18%, -%

• Market Cap: $602,909,280 (#105)

• Trading volume (24 h): 85, 449, 218 USD

As an oracle project focusing on the Solana ecosystem, the retroactive airdrop and the incentive airdrop of FTX Descendants Backpack have attracted continued attention from the community. After going online, the currency price was stronger than other airdrop currencies, but it gradually cooled down after the emergence of new hot spots such as JTO, with a drop of 18% in the past half month.

Binance launched the PYTH 1-50 times U-margined perpetual contract at 22:30 on November 22. Maybe next time when the popularity is high, Binance will consider launching a spot service. However, the current market capitalization of PYTH has ranked 105th. It will be relatively difficult to increase the popularity by relying on a sharp increase in currency prices.

BSV

• Current price: $49.39

• Increase (24 H/7 d/30 d): -0.3%, -5.6%, 2.7%

• Market cap: $103, 409, 770

• Trading volume (24 h): 967, 344, 020 USD

After four years, Binance actually re-listed BSV. The price of the ancient coin Bitcoin SV (BSV) has gone up and down many times this year, reaching the highest point of the year on October 20, which contributed to the most impressive increase. The direct reason may come from Binance’s announcement that it will launch the BSV 1-50 times U-margined perpetual contract.

In 2019, Binance was only established for two years, and BNB’s market capitalization ranking had just entered the top ten in the world. CZ also often actively participates in community topics. When faced with Craig Wright claiming that he was Satoshi Nakamoto, he angrily criticized him on Twitter and removed BSV from Binance, claiming that it was a contribution to the blockchain ecosystem. In the eyes of the community at the time, CZs decision to delist BSV was very attitudeful and gained a wave of good reputation and attention. However, no one expected that four years later, Binance would launch a BSV contract with a leverage of up to 50 times.

With the markets trading volume and attention, choosing the right time to place the contract is one of Binances marketing strategies as a trading platform. Binance has recently not only launched many BRC 20 Inscription tokens, but also forced the Inscription track to continue its life after the ORDI incident. At the same time, support for Solana ecological MEME token Bonk has been added, which shows that Binance’s recent strategy is very active and is well-liked by the market. Let us wait and see whether BSV spot will be listed on Binance.