We are trying to make the Binance SQUARE Platform more valuable and attentive for you. Here are the details of our news;
The crypto market is gearing up for a busy week when a number of altcoin projects will unlock their tokens. Such unlocking events can lead to significant changes in market prices due to sudden increases in token supply. Here are the prominent dates and expected token releases:
24 June 2024 Lock Openings
On this date, Ribbon Finance will release approximately $4.98 million worth of tokens, Mask Network will release approximately $1.58 million worth of tokens, and Openfabric AI will release approximately $2.30 million worth of tokens.
25 June 2024 Lock Openings
The next day, H2O Dao will release $1.66 million worth of tokens, Pintu Token will release $1.05 million worth of tokens, and AltLayer will liquidate $19.88 million worth of tokens.
26 June 2024 Lock Openings
Major token releases will occur on this date. GateToken will launch tokens worth $51.34 million, Dogechain will launch tokens worth $1.13 million, and Ref Finance will launch tokens worth $1.62 million. This can create various opportunities and risks for traders.
Potential Market Impacts of Unlocks
Token releases often lead to increased liquidity, and the increased amount of tokens can cause short-term price declines. This oversupply scenario could put downward pressure on prices, especially for large-cap tokens. The market's response to these releases will depend on the trading activities of existing owners and the ability of new investors to absorb the market.
Strategies and Precautions for Investors
It is important for investors to follow these events carefully and develop strategies against possible market volatilities. Observing unlock dates and token volumes can provide critical information. Especially for high volume tokens, it is necessary to be prepared for short-term fluctuations and potential price drops. Compliance and timely decision-making are key to managing risks arising from such market events.
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So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
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My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
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However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
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WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
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