- Binance will launch Swarm Network’s TruthChain (TRUTH) token on its Binance Alpha platform on Monday.
- TRUTH/USDT perpetual contracts with up to 50x leverage will be available for trading, starting at 8:30 a.m. ET.
- A spot listing on the main Binance exchange is not guaranteed by an Alpha or Futures listing, but strong trading activity can increase the possibility.
- A TRUTH airdrop will be distributed to users based on their Alpha Points from participation in Binance Alpha events, though the total amount is undisclosed.
- The price of the TRUTH token rose by up to 5.3% in the past 24 hours, while BNB saw a 4% gain, as the overall crypto market topped $4 trillion in value.
Binance will debut the TruthChain (TRUTH) token from Swarm Network on its Binance Alpha platform, a dedicated feature of the global cryptocurrency exchange, on Monday. The trading of TRUTH/USDT perpetual contracts, offering up to 50 times leverage, is set to commence at 8:30 a.m. ET, while the token itself opens for trading on Alpha at 8:00 a.m. ET on October 1.
The listing on Binance Alpha does not ensure a spot listing on the main Binance exchange. However, according to Binance, strong trading activity could improve the chances for a future spot listing. A TRUTH airdrop—distributed to qualified users based on Alpha Points accumulated through participation in Binance Alpha events and campaigns—was also announced. Details on the total amount of tokens allocated for the airdrop have not been released.
The TRUTH token’s value increased by as much as 5.3% in the previous 24 hours, with BNB also gaining more than 4%, leading major alternative cryptocurrencies. The broader crypto market climbed by 3.2% in morning trading, again exceeding the $4 trillion mark in overall capitalization.
On digital platforms, sentiment toward the TRUTH token has remained neutral, while sentiment for BNB has trended into bearish territory.
The Swarm Network’s Truth Network is designed as a decentralized solution to combat misinformation, allowing the community to verify information collaboratively. According to the project’s whitepaper, the platform relies on the collaboration between human input and Artificial Intelligence to build a cross-platform, reliable layer for factual content.
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