james ding
November 11, 2024 05:57
Binance announces the seed tag listing of Act I: AI Prophecy (ACT) and Peanut Squirrel (PNUT), highlighting the potential risk and volatility of these new meme coins.
Leading cryptocurrency exchange Binance announced the listing of two new meme coins, Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), on the Solana blockchain. According to Binance, trading for this token will begin on November 11, 2024 at 10:00 UTC.
Apply seed tags
ACT and PNUT are labeled ‘seed’, indicating their status as innovative projects that may present higher volatility and risk compared to other listed tokens. Binance users interested in trading these coins must acknowledge the risks involved by completing a quiz every 90 days.
Understanding ACT and PNUT
Act 1: ACT (AI Prophecy) establishes itself as a meme coin, and PNUT (Peanut the Squirrel) also adopts the meme coin identity to leverage the capabilities of the Solana network. Binance emphasizes the importance of users conducting thorough research before using these tokens due to their novelty and potential for high price fluctuations.
Transaction and withdrawal details
Users can expect trading bots and spot copy trading to become active within 24 hours of listing. Withdrawals follow an expected schedule, and actual timings can be found on the Binance platform. However, residents of several countries, including the United States and Canada, are restricted from trading these pairs due to regulatory considerations.
Risk Management and Compliance
Binance advises traders to implement appropriate risk management strategies and stay informed about the projects they invest in. The exchange also highlights that the use of seed tags requires users to pass a specific quiz to trade these tokens, ensuring awareness of the risks involved.
These new listings are part of Binance’s ongoing efforts to diversify its products and provide users with access to a wide range of digital assets. However, exchanges remain wary of the risks associated with digital asset trading and emphasize the importance of prudent investment decisions.
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