Binance launch Futures Next - 3 tips to earn rewards on Binance Futures Next

1. What is Futures NEXT?

Futures NEXT is a newly launched platform on Binance, where users will predict coins/tokens that will be listed on Binance Futures. If the user correctly predicts the listed coin/token, he or she will receive additional rewards from the platform.

With Futures NEXT, you have the opportunity to participate in predicting and winning based on your understanding of the market. This not only creates a unique experience but also provides an opportunity to profit through accuracy in predicting tokens that will appear on the market. This is how Futures NEXT helps connect users with potential opportunities in the challenging space of the cryptocurrency market.

2. Outstanding features of Futures NEXT

The outstanding feature of Futures NEXT is demonstrated through the NEXT Pool, which displays potential coins/tokens nominated by users.

• User Nominations: NEXT Pool is not only a curated list of tokens, but is also the result of nominations from the user community. This process ensures that the token list in the NEXT pool accurately reflects the community's views and understanding of potential tokens.
• User Interaction: Users have the ability to interact directly with NEXT Pool by "Picks" for tokens they value and believe have the potential for successful listing. This creates a connection between the platform and the user community, promoting interactivity.
• Earn rewards based on correct predictions: Users have the opportunity to earn rewards if their chosen tokens are successfully listed on the USDⓈ-M Futures market. This creates a strong incentive for users to actively participate and share their views on promising tokens.
• Diversify the token list: NEXT Pool helps diversify the list of nominated tokens, giving users the opportunity to explore and invest in diverse projects, thereby enriching the trading experience their.
• Community Support: This feature creates an active user community where people can share opinions, discuss tokens, and together shape the future of the USDⓈ-M Futures market.

NEXT Pool is not just a part of the platform, but a community that encourages and motivates diversity and innovation in the crypto space.

3. Futures NEXT's birth goal

Futures NEXT operates independently of Binance's listing process, placing an emphasis on rewarding accurate market predictions rather than interfering in token listing decisions. Although users can nominate and “Pick” tokens, it is important to realize that Futures NEXT is not a voting platform.

The important point to emphasize is that the popularity of a token on the platform does not guarantee that it will be listed. Binance maintains a robust and unbiased listing review process, ensuring that all tokens are evaluated based on common criteria. This is independent of their performance or popularity on Futures NEXT.

In short, Futures NEXT's goal is to maintain fairness and transparency in the listing process, while not creating a rating impact from the token's popularity on the platform. This independence ensures that the listing decision is an objective and trustworthy process, independent of content factors on Futures NEXT.

4. How to participate and operating mechanism of Futures NEXT

Step 1: Access Futures NEXT on Binance.

Step 2: Predict or nominate Tokens:

• Use your knowledge to predict future token listings by purchasing Picks for 1 USDT per Pick.
• Each Pick represents your prediction of the token that will be listed next on the USDⓈ-M Futures market.
• Additionally you can nominate new tokens to the NEXT Pool with a 2,000 USDT Nomination Seed.

Step 3: Get rewarded if your prediction is correct: If your prediction is correct, you can receive a Futures trading ticket, with the value enhanced by a multiplier, giving a bigger reward.

Note:

• If the token you choose is not listed or you want to change your mind, you can withdraw your Picks after an initial lock-up period of 3 days.
• Picks will be converted back to USDT and credited to your Futures Wallet, allowing you to reallocate them to another token or withdraw them completely.
• You can allocate up to 100 Picks per token and can only allocate Picks to up to 3 tokens. After the 3-day lock-in period, you can withdraw or reallocate your Picks.

5. How to nominate tokens to appear in Futures NEXT

If you don't see the token you want to allocate Picks to in the NEXT Pool, you can nominate it by following these steps:

Step 1: Access Futures NEXT on Binance: Make sure you are logged into your Binance account and access the Futures NEXT platform.

Step 2: Find the Token you want to nominate: Use the search feature near [Nominated Token Pools] to enter the name of the token you want to nominate.

Step 3: Check Token in NEXT Pool: If the token does not appear in NEXT Pool, you will see a [Nominate] button.

Step 4: Click [Nominate] and confirm:

• Click the [Nominate] button and read the related notes carefully.
• Click [Confirm] to confirm the token nomination decision.

Then, wait for Binance's review and approval. Binance will review and approve or reject nominations based on internal criteria.

Step 5: Convert Nomination Seed to Picks:

If approved, your Nomination Seed will be converted into Picks linked to the token you nominated.

Picks generated through nominations will be locked and linked to the token within 30 days.

After the lock-in period, you can withdraw any remaining Picks as USDT to your Futures Wallet.

Note: Binance reserves the right to approve or reject the nomination, and if rejected, the Nomination Seed will be fully refunded to your USDⓈ-M Futures Wallet. This ensures transparency and fairness in the token nomination process on Futures NEXT.

6. Rewards for participating in Futures NEXT

6.1. Bonus mechanism

• For newbies: Get a Futures Bonus coupon to start trading Futures on Binance. Instructions on how to exchange tickets are here.
• For existing users: Get Futures Trading Fee Rebate for added benefits. Instructions on how to exchange vouchers are available here.

6.2. How to calculate coupon value

Rewards for successful Picks are delivered in the form of Futures Bonus vouchers and Futures Trading Rebate vouchers. Their value is the Picks value multiplied by a number, is in the product information and can be adjusted.

6.3. How to receive coupons

• Coupons will be distributed within 10 days after the token is successfully listed.
• To redeem your voucher, follow the detailed instructions here.
• Note that you must redeem vouchers within 7 days of them being distributed.

7. FAQs

Q1: How to manage nominations and Picks?

Once approved, the amount you invested to nominate (Nomination Seed) will be converted into Picks for the token you nominated.

These Picks will be locked for 30 days, after which you can withdraw them as USDT, as long as the token is not listed.

When you nominate a token, you will receive a larger amount of Picks than the limit of 100 Picks per user. Specifically, you will receive 2,000 Picks for the token you nominated. However, note that these Picks will be locked and can only be used for the nominated token.

If your nomination does not meet Binance's criteria, the entire amount you invested in the nomination (Nomination Seed) will be returned to your Futures Wallet in the form of USDT.

Q2: Does Futures NEXT have a limit on the number of nominations?

Each user can only nominate a maximum of 3 tokens at a time.

8. Conclusion

Futures NEXT is not only a new platform but also opens up exciting opportunities to predict and profit on Binance's USDⓈ-M Futures Market. By nominating and predicting tokens, you not only participate in a unique experience but also have the opportunity to receive great incentives and rewards. Let's explore together the uniqueness and fun of token prediction on Futures NEXT and experience a new way to take advantage of promising opportunities.