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AltcoinsBinance to Add LayerZero ZRO Token with Seed Tag Integration

Binance to Add LayerZero ZRO Token with Seed Tag Integration

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Binance, the leading cryptocurrency exchange, has made an exciting announcement regarding the listing of LayerZero (ZRO). The trading of the new spot trading pairs will begin on June 20, 2024, at 12:00 (UTC). Traders can look forward to trading pairs such as ZRO/BTC, ZRO/USDT, ZRO/FDUSD, and ZRO/TRY. To prepare for the trading launch, users can already start depositing ZRO. Withdrawals for ZRO will be available from June 21, 2024, at 12:00 (UTC). The noteworthy aspect of this listing is that there will be no listing fee for ZRO, making it an attractive option for traders. The ZRO token will be integrated into various networks, including Ethereum, BNB Chain, Optimism, Arbitrum, Base, Matic, and Avalanche.

LayerZero (ZRO) will have a special seed tag, indicating that it is an innovative project with potentially higher volatility and risk compared to other listed tokens. To trade tokens with this seed tag, users will be required to pass specific quizzes every 90 days on the Binance Spot and Binance Margin platforms. These quizzes aim to ensure that users have a clear understanding of the associated risks, promoting informed trading decisions.

It is important to note that the eligibility for trading ZRO pairs will depend on the user’s country or region of residence. Traders residing in Canada, Cuba, the Crimea Region, Iran, the Netherlands, North Korea, Syria, the United States and its territories, and any non-government-controlled areas of Ukraine will not have access to trade these spot trading pairs. However, this list of restricted countries may change due to legal, regulatory, or other factors.

For more information, users are encouraged to visit the LayerZero website, review Binance’s trading fees, and familiarize themselves with Binance’s trading rules. Additionally, it is important to understand that TRY is a fiat currency and does not represent any other digital currencies. Users who have ongoing Spot Copy Trading portfolios can include the new ZRO pairs by adjusting their preferences in the Personal Pair Preference section of the Spot Copy Trading settings. Please note that the exact timing for the opening of withdrawals is estimated, and users should check the withdrawal page for the current status.

As ZRO is a relatively new token, it carries a higher risk profile and is expected to experience significant price volatility. Users are advised to conduct thorough research and fully understand the project before engaging in trading activities. The seed tags serve as indicators for innovative projects that may exhibit higher volatility and risks, and users must complete quizzes in order to trade these tokens.

Tags: Binance.

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