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Binance to list Fogo (FOGO) on spot market; Seed Tag to apply

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Minseung Kang
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Summary

  • Binance said it will list FOGO on the spot market and support the FOGO/USDT, FOGO/USDC, and FOGO/TRY trading pairs.
  • FOGO is set to be listed with a 'Seed Tag,' which entails higher volatility risk.
  • Binance said it plans to allocate an additional 50 million FOGO for future marketing campaigns, with details to be provided in a separate notice.
Photo = Shutterstock
Photo = Shutterstock

Binance will list Fogo (FOGO) on the spot market.

According to a Binance notice on the 12th, Binance will support spot trading pairs ▲FOGO/USDT ▲FOGO/USDC ▲FOGO/TRY starting at 14:00 on the 15th (UTC, 23:00 Korea time). Deposits will be available from one hour after the listing announcement.

Withdrawals will open at 14:00 on the 16th (UTC, 23:00 Korea time). FOGO is set to be listed with a 'Seed Tag,' which carries higher volatility risk.

Binance plans to allocate an additional 50 million FOGO for future marketing campaigns, with details to be provided in a separate notice.

Meanwhile, once spot trading begins, exposure on Binance Alpha will end.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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