Securing a listing on Binance, one of the world’s leading exchanges, is a significant milestone for any project. A listing on Binance plays a crucial role in building a strong community and climbing the “liquidity ladder.” Coins scheduled for listing become a focal point for market participants, and investors and traders closely monitor their developments. Announcements related to the listing can significantly impact prices, making preparation and information gathering essential.
Within the cryptocurrency community, information about coins set to be listed on Binance garners high interest. Newly listed coins often experience increased trading volume and accessibility, serving as a catalyst for market recognition of their value. Binance is known for listing only carefully selected coins, and its selection process and criteria are highly regarded within the industry.
When an exchange announces a coin’s upcoming listing, it presents a prime opportunity for investors to reassess their portfolios. Given that unpredictable market movements can occur, swiftly capturing information and conducting calm analysis are wise strategies. The selection process for new coins to be listed on Binance demands transparency and serves as a crucial indicator for investment decisions.
Here, we introduce the appeal of three new Token (GSP, Scroll, ECP) that are highly anticipated for listing on Binance.
Genesis Protocol (GSP)
Genesis Protocol (GSP-USD), a newly issued cryptocurrency in June 2024, is an interoperability protocol that connects multiple blockchains (over 50 and counting). It enables instant asset transfers and seamless asset exchanges between different blockchains, significantly impacting the DeFi (Decentralized Finance) sector. Additionally, it facilitates the creation of new financial products that combine assets from various blockchains, providing investors with flexible investment options. Utilizing technologies such as on-chain endpoints, Ultra Light Nodes (ULNs), oracles, and relays, Genesis Protocol ensures seamless and secure communication while allowing users to customize the levels of security and redundancy.
Top venture capital firms like Pantera, Sequoia, and the world’s largest cryptocurrency VC, a16z, have decided to invest in Genesis Protocol. With over $30 million raised in VC funding rounds, GSP has the potential to generate significant value for its token holders. Currently, GSP is conducting a presale on its proprietary platform, and combined with the VC funding, the total raised amount reaches $40 million. The sale on Option1 is already nearly sold out, and considering the market response and the balance of token demand, it is expected that the sale of Option2 will commence soon. However, with the confirmed upcoming listing on exchanges in the near future, the price in Option2 is anticipated to be 50% to 70% higher than the current one.
In contrast, newly listed tokens on Binance, despite having no actual user base, have been listed with an average fully diluted valuation (FDV) of over $4.2 billion. This can significantly limit the potential for project growth. Given GSP’s solid project progress so far, its listing on Binance is expected around December 2024 at the earliest. However, GSP has already secured a listing on the emerging prominent exchange Hollaex, and through trading on small to mid-sized exchanges, it is expected to see steady growth in trading volume and accessibility. This positions GSP for robust growth before potentially being listed on Binance.
Scroll
Scroll is one of the leading Layer 2 scaling solutions on Ethereum, and that can help boost transaction throughput while keeping transaction costs from increasing or confirmation times back. Scroll uses its Rollup model to bundle dozens of transactions into blocks on its own chain, therefore lightening the load on Ethereum.
Recent developments in the Ethereum ecosystem further support Scroll’s position. Specifically, the passing of the spot Ethereum ETF has promised to make Layer 2 solutions much more viable. Last but certainly not least, upcoming upgrades are intended to lower transaction fees across Ethereum’s Layer 2 protocols, thus actually making them viable for users en masse.
Scroll has managed to render significant financial backing for its vision upwards of $80 million across two funding rounds to date, both led by Polychain Capital. That places Scroll at a $1.8 billion valuation—leaning toward the market’s great presence and faith that investors have enrolled in the firm.
On market listing, Binance has sent feedback on strategic exposure to projects within the Ethereum ecosystem, especially participating in Layer 2 scaling and Restaking initiatives. To this end, other Layer 2 solutions such as Arbitrum, Optimism, Manta Network, and StarkNet had already garnered a listing on Binance. With its stable performance metrics and strong cash flow, Scroll will become a promising candidate for an upcoming Binance listing, which is predicted to happen around February 2025.
Eclipse（ECP）
Eclipse is a layer-2 solution for Ethereum, utilizing the Solana Virtual Machine, which ensures advanced transaction throughput. From Ethereum, it draws parts for settlement; from Solana Virtual Machine, it draws parts for execution; and from Celestia, data availability, while the RISC Zero enables proving. Thus, Eclipse Mainnet ensures a resilient modular stack.
Eclipse can be thought of as a two-way bridge between Ethereum and Solana that brings together the best of both blockchains with all the benefits of data availability on Celestia. It is part of the Solana ecosystem, very much appreciated and the second to Ethereum in the blockchain community, notably by the largest platforms like Binance.
The project has raised a total of as high as $65 million across three rounds for its operations. It has come from prominent investment firms such as Polychain Capital, Hack VC, and Delphi Ventures—reflecting strong confidence in the future prospects of the project.
The technological might, the user-sucking ability of Eclipse, among other factors, are important considerations toward its potential for an upcoming Binance listing candidate.
Indeed, the three new Token rumored to be listed on Binance are major points of interest for investors. It is crucial to stay alert to future developments and capture information promptly.
