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As experts in the world of crypto, blockchain, and cryptocurrency, we are excited to bring you the latest news and updates from the industry. Today, we have some exciting news to share regarding the listing of two new meme coins on Binance.
Binance Lists Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT)
Leading cryptocurrency exchange Binance has recently announced the listing of two new meme coins, Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT), on the Solana blockchain. These tokens will be available for trading starting November 11, 2024, at 10:00 UTC.
Seed Tags and Risk Management
One interesting aspect of these new listings is that both ACT and PNUT will be tagged with a ‘seed’ label by Binance. This designation is meant to highlight the innovative nature of these projects and warn users about the potential risks and volatility associated with them. Traders will need to complete quizzes every 90 days to acknowledge these risks before trading these coins.
Understanding ACT and PNUT
ACT and PNUT are both meme coins built on the Solana blockchain. While Act I: The AI Prophecy positions itself as a meme coin, Peanut the Squirrel also adopts a similar identity. Binance advises users to conduct thorough research before engaging with these tokens due to their novelty and potential for high price volatility.
Trading and Compliance Details
Trading for ACT and PNUT will be enabled within 24 hours of the listing, along with features such as Trading Bots and Spot Copy Trading. Withdrawal timings will be available on Binance’s platform, but users from certain countries, including the US and Canada, will be restricted from trading these pairs due to regulatory considerations.
Stay Informed and Manage Risks
At Extreme Investor Network, we believe in the importance of staying informed and managing risks when it comes to investing in digital assets. Binance advises traders to exercise proper risk management strategies and take the required quizzes to trade these tokens, ensuring awareness of the associated risks.
As part of its commitment to providing a diverse range of digital assets, Binance continues to expand its offerings. However, it also emphasizes the need for careful investment decisions and understanding the risks involved in trading digital assets.
For more news, updates, and insights on the world of crypto, blockchain, and cryptocurrency, stay tuned to Extreme Investor Network!