Binance to List GPS Token for Trading and HODLer Airdrops on March 4

• Binance has integrated the GPS token into its trading platform, reflecting its ongoing commitment to enhancing security solutions in the cryptocurrency sector.

• The addition of GPS underscores Binance’s strategic focus on collaboration with innovative technology companies like GoPlus Security.

• Kevin Wu, CEO of Binance, stated, “Our partnership with GoPlus Security represents a significant step towards creating a safer Web3 environment for all users.”

Binance’s launch of GPS token trading signals key developments in crypto security, enhancing user experience while maintaining low fees.

Binance New Listing: Important Insights and Details

The introduction of GPS by GoPlus Security marks a pivotal moment for Binance, as it strengthens the exchange’s offering with security-focused tokens. Starting on March 4 at 13:00 UTC, trading will commence against various pairs, including USDT and BNB. The anticipated listing has already impacted the market, causing GPS tokens to exhibit a remarkable 16% increase shortly after the announcement.

“Binance will then list GPS at 2025-03-04 13:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs,” the announcement stated, emphasizing Binance’s diversified trading options.

GoPlus Security Token GPS Price Performance. Source: TradingView

Furthermore, users can initiate deposits for GPS tokens as early as 10:20 UTC. To ensure clarity regarding the new listing, Binance has introduced a unique seed phrase feature that sets GPS apart from other tokens in its ecosystem.

One of the standout benefits is the absence of listing fees, allowing users to trade GPS without incurring additional costs. This strategic move is poised to attract more traders and enhance liquidity for the new token.

Additional Benefits and Airdrop Opportunities

Alongside the listing, GPS has been included in the HODLer airdrops initiative, which targets BNB holders. This program aims to reward users by distributing additional tokens based on their past balances in a transparent manner. Users participating in Simple Earn and On-Chain Yields between February 19 and February 24 will receive allocations, driving further engagement within the Binance community.

“Binance is excited to announce the 11th project on the HODLer Airdrops page – GoPlus Security (GPS). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) will get the airdrop distribution,” the exchange highlighted.

Previous Engagement Between Binance and GoPlus Security

This latest initiative reinforces Binance’s prior involvement with GoPlus Security. Back in December 2022, Binance Labs took a leading role in a funding round aimed at advancing GoPlus Security’s developmental goals. The collaboration underscores the exchange’s dedication to supporting innovations that enhance security in the rapidly evolving Web3 landscape.

In April, GoPlus secured additional multi-million dollar funding from various investors, highlighting the growing confidence and investment in their security initiatives. While Binance did not partake in this later funding, their early support has been instrumental in setting the stage for future projects aimed at cultivating a safer digital ecosystem.

Conclusion

The integration of GPS into Binance’s platform marks an exciting development in the cryptocurrency space, particularly in fostering a more secure trading environment. With zero listing fees and innovative token features, Binance demonstrates its commitment to continuously evolve in the competitive market. The collaboration with GoPlus Security not only enhances token utility but also emphasizes the importance of security—a paramount concern for users engaging in the digital economy.