#RNDT #Binance #Innovation #Arbitrum
Binance, the world's leading cryptocurrency exchange, has announced that it will list Radiant Capital (RDNT) in its Innovation Zone. The trading pairs for RDNT/BTC, RDNT/USDT, and RDNT/TUSD will open for trading on March 30, 2023, at 07:30 (UTC). RDNT is a decentralized omnichain money market protocol that allows users to stake their collateral on one of the major chains and borrow from another chain. RDNT is also the utility token for liquidity mining and governance.
The Innovation Zone is a dedicated trading zone for new and innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens. Before trading in the Innovation Zone, users are required to read the Binance Terms of Use carefully and complete a questionnaire as part of the Initial Disclaimer. There will not be any trading restrictions on trading pairs in the Innovation Zone.
RDNT is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Therefore, users are advised to exercise sufficient risk management, have done their own research in regards to RDNT’s fundamentals, and fully understand the project before opting to trade the token.
To ensure a smooth listing process, Binance has set the listing fee for RDNT at 0 BNB, and users will enjoy zero maker fees on the RDNT/TUSD trading pair until further notice. The withdrawal open time is an estimated time for users’ reference, and users can view the actual status of withdrawals on the withdrawal page. Withdrawals for RDNT will open at 07:30 (UTC) on March 31, 2023.
In addition, Binance will add RDNT as a new borrowable asset with this new margin pair on Isolated Margin within 48 hours from 07:30 (UTC) on March 30, 2023. Users can refer to Margin Data for a list of the most updated marginable assets and further information on specific limits and rates.
In conclusion, Binance's listing of RDNT in the Innovation Zone is an exciting development for the cryptocurrency community. This innovative token offers unique opportunities for users to stake their collateral on one chain and borrow from another.