Binance Made a Last Minute Announcement for These 5 Altcoins!

Binance, the largest cryptocurrency exchange, made new announcements for five altcoins. According to the explanations of the stock market, a new altcoin has been added to the Convert platform. In addition, it has been revealed that a new arrangement will be made in USDS-M FTT permanent futures contracts. Here are the details…

Binance announces FTT contracts

Binance Futures will adjust the maintenance margin tiers on USDS-M FTT perpetual contracts (perpetual futures contracts) at 11:30am CEST today. Care margin rates will be adjusted for primary care. Existing locations opened before the update will be affected. It is recommended to adjust the status and leverage before adjusting, to avoid any possible liquidation, relative to the exchange. It is worth noting that the maintenance margin change will directly affect the liquidation price. According to the exchange, users who have their current status in USDS-M FTT contracts will be affected.

Meanwhile, it is worth noting that there is tension in the middle of Binance and FTX, the exchange behind the FTT token. Binance CEO Changpeng Zhao announced his plan to sell his $500 million FTT. Subsequently, the cost of FTT decreased from $ 23 to $ 15. Zhao stated that behind the sales plan are the lessons he learned from the Terra ecosystem. This has raised doubts as to whether FTX is on the verge of bankruptcy. However, FTX CEO Sam Bankman Fried stated that there is no random problem in the stock market.

Exchange adds Hashflow (HFT) to Convert platform

On the other hand, Binance announced the addition of Hashflow (HFT) to Convert. Users now have the chance to trade HFT with BTC, BUSD, USDT and other tokens supported by Binance Convert for zero price. Koindeks.comAs we have also reported, HFT is the latest coin announced by Binance as part of Launchpool.

Support for PNetwork (PNT) airdrop

Finally, the exchange announced that it will support the pNetwork (PNT) recovery plan to airdrop BNB (BEP20) to pGALA (BEP20) holders. pGALA (BEP20) tokens are defined as GALA tokens deposited on Binance via the BNB Smart Chain (BEP20) mid-November 3 at 10:49 PM CET and November 7 at 11 p.m. ET. As detailed in the pNetwork (PNT) team’s recovery plan, the last snapshot was taken on 7 November 2022, 11 pm.

Binance has announced that it will notify affected users via email on the completion of the BNB airdrop distribution. This means that users who deposit pGALA (EP20) on Binance mid-November 3-7 will be eligible affiliates for the airdrop. During this period, pGALA (BEP20) deposits pending approval or rejected by Binance will be included in users’ pGALA balances for BNB airdrop distribution, as long as on-chain transfers are successful during the above deadline.

GALA holders on Binance will not be able to participate in this BNB airdrop. After the project group completes the BNB (BEP20) token distribution to Binance, it will distribute the BNB tokens to eligible users at a rate of 1 pGALA = 0.00000109 BNB. As it is known, it was revealed that there was a security vulnerability in pGALA. In fact, this situation caused a sharp decrease in the price of the GALA token.

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