Binance, one of the world's leading cryptocurrency exchanges, has announced that it will list two new tokens, FLOKI and PEPE, on its platform. These tokens will be available for trading in the Innovation Zone, a dedicated trading zone for new and innovative tokens with higher volatility and risks than other tokens.
According to the announcement, the spot trading pairs for FLOKI and PEPE will be FLOKI/USDT, FLOKI/TUSD, PEPE/USDT, and PEPE/TUSD. Trading for these pairs will open on May 5th, 2023 at 16:00 (UTC), and users can start depositing FLOKI and PEPE in preparation for trading.
The listing fee for FLOKI and PEPE will be 0 BNB, and withdrawals for these tokens will open on May 6th, 2023 at 16:00 (UTC). However, users should note that the withdrawal open time is an estimated time and should check the withdrawal page for actual status updates.
In addition to being available for spot trading, FLOKI and PEPE will also be added as a new borrowable asset with margin pairs on Isolated Margin. The new margin pairs will be FLOKI/USDT and PEPE/USDT, and they will be available within 48 hours from May 5th, 2023, at 16:00 (UTC).
FLOKI is a memecoin project that has developed multiple products, including a NFT-based game, NFT collections, and a crypto debit card. FLOKI is the utility token for the product ecosystem. On the other hand, PEPE is a meme coin based on the cartoon character "Pepe the Frog." However, users should note that the token has no utility and is created by an anonymous team.
It is important to note that memecoins, including FLOKI and PEPE, are extremely high risk, and users should exercise sufficient risk management. As of the time of writing, PEPE has no token utility or value support mechanism, and there are signs that certain insiders or team members were able to buy 7% of the total token supply minutes after TGE.
Before trading in the Innovation Zone, all users are required to visit the web version of the Innovation Zone trading page, read the Binance Terms of Use carefully, and complete a questionnaire as part of the Initial Disclaimer. Users should note that there will not be any trading restrictions on trading pairs in the Innovation Zone.
In conclusion, FLOKI and PEPE are relatively new tokens that pose a higher than normal risk and are subject to high price volatility. Users should ensure that they exercise sufficient risk management, have done their research in regards to the tokens' fundamentals, and fully understand the projects before opting to trade the tokens. Cryptocurrency trading is subject to high market risk, and Binance will not be responsible for any trading losses.
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