tl;dr
Binance has partnered with CoinMarketCap to integrate token unlocking and vesting data into its platform. This move aims to provide users with clear and accessible information to optimize their strategies and decision-making. The feature includes details on circulating supply, unlocked and locked qu...
Binance and CoinMarketCap have joined forces to integrate token unlocking and vesting data, providing vital information for crypto traders. This collaboration aims to offer users clear and accessible data to enhance their strategies and decision-making processes.
The feature encompasses details on circulating supply, unlocked and locked quantities, percentages, and upcoming scheduled unlocks, complete with countdown timers for each token distribution. This integration is presently accessible on the Binance website and will soon be introduced on the Binance app.
Token vesting involves the gradual release of a virtual token to stakeholders over a predetermined period. When crypto projects launch a token, they often lock up certain allocations for years to avoid market overload and provide incentives for developers and contributors, impacting a token's price.
Proponents assert that token unlocks and vesting schedules enhance predictability and transparency in the digital asset market. Large token unlocks have historically influenced the market as holders gauge their potential impact.
A Binance spokesperson emphasized that this integration aims to empower users by providing vital information, stating, "Token unlocks can have an impact on prices, so having this information at one's fingertips is crucial. This new feature helps our users stay ahead by providing clear, accessible data to optimize their strategies and make better decisions."
The feature, available on the Binance website, will soon be introduced on the Binance app, offering comprehensive data on each token's circulating supply, unlocked and locked quantities, percentages, and countdown timers for upcoming scheduled unlocks.