New Listings: BNB, GAL, TON, and GOOGL USDT-margined Perpetual Futures


Trade the new tokenized stock and 3 cryptos on BTCC

We are excited to announce that we have listed four new futures contracts on BTCC:

You can now trade the above newly-added futures with up to 50x leverage on our app and web. Below is a table showing the contract specifications of this round of product addition.

New Listings - Contract Specifications

Tokenized futures are innovative products invented by BTCC, including tokenized stock futures, tokenized commodity futures, etc. Users can buy or sell stocks and commodities on BTCC with USDT without opening accounts on other traditional exchanges to trade stocks and commodities. Find out more about tokenized futures on BTCC.

BNB logo

BNB (BNB)—The coin that powers the BNB Chain ecosystem

What is BNB?

  • BNB is the cryptocurrency issued by the centralised exchange Binance. 
  • Initially launched on the Ethereum blockchain in 2017, BNB was migrated to the Binance Smart Chain (now renamed to BNB Chain) in 2019, aiming to facilitate fast, decentralised trading.

What is its usage?

  • BNB is the acronym for ‘build and build’. It is a native utility token that can be used in a wide range of applications on the Binance platform.
  • BNB holders can use the tokens to pay for goods and services and settle transaction fees on the BNB Chain.
  • The wide usage of BNB suggests that the demand for the token can be interpreted as the demand for Binance’s services.

The Auto-Burn programme

  • Binance has put in place an Auto-Burn programme to sustain the value of BNB since late 2017.
  • The amount of BNB tokens to be burned is based on the price of BNB and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter. 
  • As of January 2023, Binance has completed 21 BNB quarterly coin burn events, destroying over 42 million BNB tokens and leaving the circulating supply at 159 million.

Current momentum & future trend

GAL (Galxe)—The world’s leading Web3 credential data network

GAL logo

What is GAL?

  • Project Galaxy is the world’s leading Web3 credential data network, and GAL (Galxe) is the Ethereum-based ERC-20 native utility and governance token of the project. 

What is its usage?

  • The aims of Project Galaxy are to develop a unified identity system for Web3 platforms and to increase the transparency of credential storage.
  • It is to solve the problem of credential data being stored in closed databases controlled by applications, governments, and financial institutions. 
  • GAL holders can use their tokens to pay for the usage of Galxe’s credential data, curate credentials, and vote on Galxe DAO’s governance proposals.

Current momentum & future trend

TON (Toncoin)—A scalable and shardable network for ultra-fast transactions

TON logo

What is TON?

  • First developed in 2018 by the Durov brothers, founders of Telegram, TON is a decentralised layer-1 blockchain that the TON Foundation took over in 2020 following the project abandonment by the founders. 
  • The project was then renamed from ‘Telegram Open Network’ to ‘The Open Network’ in 2022, receiving support from the TON community since then.

What makes TON unique?

  • The Open Network is known for its lightning-fast processing of transactions per second (TPS), achieving a then-world record of 55,000 TPS in a contest in September 2021. 
  • However, currently, it can validate and process millions of transactions per second, enabling projects to grow rapidly with no loss of performance.
  • Similar to Ethereum, The Open Network is scalable and shardable, meaning it has a layered ‘blockchain within a blockchain’ structure. This structure involves using multiple subnets (shards) on the same blockchain, allowing the platform to increase scalability, reduce latency, and handle more transaction volume.

What is its usage?

  • Users can use Toncoin to pay transaction fees, settle payments, and validate transactions on the Toncoin blockchain.

Current momentum & future trend

GOOGL—Tokenized Stock Futures

GOOGL logo

In addition to cryptocurrencies, we’ve also listed GOOGL tokenized stock futures. 

What is GOOGL tokenized stock futures?

  • Invented by BTCC, GOOGLUSDT is pegged at a 1:1 ratio with Alphabet Inc Class A’s stock price. 
  • 1 GOOGL = 1 Alphabet Inc Class A token = 1 share of the Alphabet Inc Class A stock.
  • Users can go long or short on GOOGL with USDT with leverage of up to 50x.

Find out more details about tokenized futures here.

Current momentum & future trend

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