Binance Announces New Feature to Onboard Global Users onto 'Tokenomics': All Details

Binance has partnered with CoinMarketCap for the launch of this feature.

Advertisement
Written by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 12 September 2024 19:09 IST
Highlights
  • The feature is currently available on the Binance website
  • It will see a mobile app release soon
  • Binance will show detailed information about tokens with this feature
Binance Announces New Feature to Onboard Global Users onto 'Tokenomics': All Details

The term ‘tokenomics’ refers to economic analysis of crypto tokens and projects

Photo Credit: Binance

Binance is expanding its services portfolio to maintain its competitive edge in an increasingly crowded industry. On Thursday, September 12, the exchange introduced a new ‘token unlock and vesting schedule' feature, which it says will make tokenomics more transparent and accessible for users. Vishal Sacheendran, Binance's head of regional markets, noted that the feature is designed to enhance the trading experience for its global user base, which exceeds 210 million.

Understanding Tokenomics and Binance's New Feature

'Tokenomics' refers to the economic analysis of cryptocurrency tokens and projects, focusing on factors like token value, stability, demand, supply, and distribution.

With its latest feature, Binance has streamlined these insights, making them easily accessible alongside the names of cryptocurrencies. Users can now view key data, including each token's circulating supply, the proportions of locked and unlocked tokens, upcoming unlock dates, and a countdown timer. All of this is now displayed on the Binance website.

To implement this feature, Binance has partnered with CoinMarketCap, a leading crypto asset price tracking platform.

Advertisement

Explaining the concept further, Binance stated, "Token unlocking and vesting refer to the scheduled release of a specific volume of tokens into the open market over a set period. This approach offers predictability and transparency for market participants."

Details on the Rollout

The schedule is now live on Binance's official website and will be available on the mobile app soon, though the exact release date has not yet been announced.

Advertisement

"Our Token Unlock and Vesting Schedule is a first for any crypto exchange. It's a highly intuitive feature that equips our users with additional information to enhance their experience on the platform," added Vishal Sacheendran.

Advertisement

This initiative aligns with a key piece of advice from crypto analysts – DYOR (Do Your Own Research). With over 2.4 million cryptocurrencies now circulating globally, experts consistently urge investors to thoroughly research the tokens they plan to invest in.

 

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement

Related Stories

Popular Mobile Brands
  1. Nothing Announces 'Now or Nothing' Sale in India: Check All Offers
  2. Google Releases Android 16 for Pixel Devices With These New Features
  3. iOS 26, iPadOS 26 Are Compatible With These iPhone and iPad Models
  4. Android 16 Update Is Coming Soon - Here's What to Expect
  5. Motorola Edge 60 With 5,500mAh Battery Launched in India: Price, Offers
  6. Here's When the OnePlus Nord 5 and OnePlus Nord CE 5 Could Launch
  7. Nothing Phone 3 Leaked Render Suggests Design, Triple Rear Camera Unit
  8. Realme Announces Limited-Time Discounts on Realme GT 7 Series in India
  9. Know All About Apple's New Liquid Glass Design Language
  1. Android 16 With Support for Live Activities, Advanced Protection Rolling Out for Pixel Devices
  2. Itel Zeno 5G With MediaTek Dimensity 6300 SoC, 50-Megapixel Rear Camera Launched in India
  3. OnePlus Nord 5, OnePlus Nord CE 5 Launch Date Leaked: Expected Specifications
  4. NASA Slightly Raises Odds of Asteroid Hitting the Moon in 2032 After Updated JWST Data
  5. James Webb Space Telescope Captures Stunning Near-Infrared View of Sombrero Galaxy
  6. Perseverance Rover Studies Ancient Martian Rocks at Fallbreen and Forlandet Quadrangle
  7. The Prosecutor OTT Release Date: When and Where to Watch it Online?
  8. Eleven OTT Release Date Announced: Know Where to Watch This Tamil Crime Thriller
  9. Nothing Announces 'Now or Nothing’ Sale in India for Nothing and CMF-Branded Products
  10. What is Liquid Glass Interface, Apple’s New Universal Design Language for iPhone, iPad, Mac, and Other Devices
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.