The Shiba Inu (SHIB) team’s Bone Shibaswap (BONE) has achieved a significantly milestone by amassing significant support on Binance Futures NEXT. The leading crypto exchange’s latest feature allows users to predict the next token listing and offers rewards for each pick offered by them.

Shiba Inu’s BONE Garners Nearly 10,000 Picks

The BONE crypto attracted 9,947 picks on the Binance Futures NEXT portal. The Shiba Inu team’s token leaped ranks as the SHIBArmy rallied support for the crypto. As of writing, Bone Shibaswap ranked 7th on the list of nominated tokens on Binance Futures NEXT. However, it earlier ranked at 14th with only 2,657 picks, according to a post on X by Shiba Inu’s marketing lead, Lucie.

In the post, Lucie urged the Shiba Inu community to come forward and vote for BONE. She wrote, “Let’s unite as the superheroes we are, #SHIBARMY. Time to cast our votes for $BONE on @binance.” Hours after the post, Bone Shibaswap jumped 7 ranks with a remarkable increase of over 7,000 picks.

While the Shiba Inu community is anticipating Bone’s listing on Binance, things could turn out the other way. The Binance Futures NEXT feature allows users to pick the tokens they expect to list on Binance next, however, the ranks don’t determine an actual listing.

The crypto exchange has affirmed that it will conduct the necessary checks before considering a listing. Hence, even if BONE ranks number 1 on Binance Futures NEXT, a listing isn’t guaranteed. Nonetheless, Shiba Inu team’s Bone Shibaswap is still a strong contender among others due to the project’s unique approach.

Also Read: Shiba Inu Coin Price Forecast: SHIB’s Climb To $0.0001 Imminent Amidst Meme Coins Rally?

How Does Binance Futures NEXT Work?

Operating independently from Binance’s listing process, Futures NEXT focuses on rewarding accurate market predictions rather than influencing token listings. Users have the ability to nominate and allocate Picks to tokens, but it’s crucial to understand that Futures NEXT does not function as a voting platform.

Regardless of a token’s popularity within the platform, its listing is not guaranteed. Binance maintains a rigorous and impartial listing review process, ensuring that all tokens undergo the same evaluation criteria, regardless of their performance or popularity on Futures NEXT.

Each pick represents your prediction for the next token to be listed on USD-M Futures, with a value of 1 USDT. Successful predictions can earn you Futures trading vouchers, amplified by a multiplier for even greater rewards.

The Binance Futures NEXT offers a risk-free participation model. Hence, if a token you’ve allocated Picks to fails to get listed on the USD-M Futures market, you have the option to withdraw your picks after an initial 3-day lock-in period. Moreover, your picks will be converted back to USDT and credited to your Futures Wallet, providing you with the flexibility to re-allocate them to a different token or withdraw them entirely.

Also Read: Shiba Inu’s Shib Name Service Officially Launched, Here’s Everything

The post Shiba Inu’s BONE Leaps Ranks On Binance Futures NEXT, Listing Soon? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am