League of Traders to Launch LOT Token for the First Time via 'Binance IDO' on the 20th

The virtual asset (cryptocurrency) social trading platform 'League of Traders (League of Traders, LOT, https://leagueoftraders.io)' announced on the 19th that it will be launching its own token, LOT, for the first time through Binance's (Binance) IDO (Initial DEX Offering), the world's largest virtual asset exchange, at 5 PM (KST) on Friday, the 20th. An IDO refers to the initial listing of a new token on a decentralized exchange.

According to Binance Wallet's official X (formerly Twitter), the IDO for the LOT token will be held from 5 PM to 7 PM on the 20th, and users can participate using Binance Alpha Points. Afterwards, the LOT token will be freely tradable via Binance's new virtual asset project 'Binance Alpha.'

League of Traders, which launched in 2021, is Asia's leading virtual asset social trading platform. Over the last four years, it has accumulated more than 150,000 registered users. On the platform, users can compete in rankings through leagues based on their trading history and performance, share portfolios, use copy trading, and manage multiple exchange accounts in one place, as well as follow the strategies of top-ranked traders through a real-time ranking system.

Starting with this IDO, League of Traders plans to sequentially release a staking reward program, and a 'Pay to See' feature that allows users to view top traders' strategies, further enhancing tokenomics and expanding the platform.

Li John-Ting, CEO of League of Traders, said, "We are pleased to take this meaningful first step with the inaugural token launch in partnership with Binance," and added, "Together with global partners, we will further drive the Web3 transition of League of Traders, and build an ecosystem where traders can actively participate."