Crypto exchange Binance to list COTI for free
Wed, 26 Feb 2020, 07:16 am UTC
Crypto exchange Binance announced that it will now be listing COTI for free.
In the announcement, Binance stated that it will open trading for COTI/BNB, COTI/BTC and COTI/USDT trading pairs starting today, Feb. 26. However, it has only listed ERC20 and BEP2 COTI tokens.
Binance will also reward users with a percentage of their COTI deposits based on the time and position of their deposit amongst all COTI deposits. The users are allowed to make multiple deposits in different tiers and will be rewarded based on the corresponding percentage of each tier.
The exchange also offers an additional $3,000 COTI giveaway. The rewards will be split into thirds and distributed to participants over two months. The rewards will be distributed directly to the participants’ accounts and will not be confirmed in a further announcement. Users will just see it when they log in on their account on the Distribution History.
Blockchain startup COTI also announced the great news on its blog on Medium.
“We are both humbled and proud to announce that Binance will list COTI as of February 26th, 2020 at 2:00 PM UTC,” COTI wrote.
“A Binance listing has long been one of our goals to enable as many people as possible, around the world, to buy and hold COTI, while also adding liquidity to our coin and network.”
According to COTI, they have been in contact with Binance’s executives for some time and went through a due diligence process before they were listed. They were grateful for the process and delighted for the validation because they passed Binance’s high standard of professionalism. COTI also thanked its community for putting it on the radar of Binance.
"To top all of this excitement, we are happy to say that our listing is FREE. Thank you, Binance!" COTI added.
Meanwhile, Binance warned users that cryptocurrency trading is subject to “high market risk.” So, users should trade cautiously. Binance will make sure to only choose high-quality coins but will not be responsible for the customers’ trading losses.
Meanwhile, back in May, Japan-based company Recruit invested in COTI through its investment arm RSP Blockchain Tech Fund. Recruit decided to help improve COTI’s service quality and expand its user base support.
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