BlockBeats reported on May 13, 2024, that according to official data, Binance's 54th new coin mining round has already seen deposits exceeding 17.92 million BNB and 2.627 billion FDUSD.
Key Details of the Mining Round
- End Date: The mining round concludes at 8:00 AM (UTC+8) on May 16.
Trading Pairs Launch: At 8:00 PM (UTC+8) on the same day, the following trading pairs will be activated:
- NOT/BTC
- NOT/USDT
- NOT/BNB
- NOT/FDUSD
- NOT/TRY
- Seed Tag Rules Apply: Trading will follow Binance’s seed tag regulations.
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Why This Matters
- High Participation: The substantial deposit volumes (BNB + FDUSD) indicate strong investor interest in Binance’s mining offerings.
- NOT Token Utility: The inclusion of multiple trading pairs suggests Binance’s confidence in NOT’s market viability.
FAQ
Q1: What is Binance’s new coin mining?
A1: It’s a staking program where users lock BNB or FDUSD to earn new tokens before they hit the open market.
Q2: How does the seed tag rule affect trading?
A2: Seed-tagged tokens are higher-risk assets; Binance imposes stricter liquidity and volatility controls.
Q3: Can I withdraw my deposits before the mining round ends?
A3: No—locked funds remain inaccessible until the round concludes on May 16.
Pro Tips for Participants
- Diversify Holdings: Allocate between BNB and FDUSD to mitigate asset-specific risks.
- Monitor Volatility: New listings often experience price swings—set limit orders to capitalize on momentum.
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Keywords for SEO
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2. **Content**:
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3. **SEO**: Natural keyword placement (e.g., "Binance new coin mining," "NOT token").
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5. **Prohibited Content**: No sensitive topics or ads retained.