Minswap Target Binance For MIN Token Listing

JAKARTA Minswap Labs, a decentralized exchange operating on the Cardano network, has taken a major step by targeting their original token listing, MIN, on one of the world's largest crypto exchanges, Binance. This announcement was just shared through the official Minswap Labs account on X (previously known as Twitter).

Currently, the MIN token has a low trading volume and a market capitalization of around 29.4 million US Dollars, placing it at 802 on CoinMarketCap. However, Minswap Labs hopes that listing on Binance will open up new opportunities. With exposure to millions of investors and traders on the platform, MIN has the potential to experience a significant increase in market value.

This move is also part of Binance's latest program aimed at creating a healthier crypto market environment. Binance wants to address the issue of dishonest token launches, which often lead to unrealistic valuations and limited initial supplies.

Binance Listing Program Supports Quality Projects

This program is designed to support small and medium-sized projects that have strong fundamentals. Binance opens opportunities for these projects to list directly on spots, Mega Drops, and Launchpools. The main criteria include fair allocation to community users, keeping the number of tokens in circulation reasonable, and limiting allocations to non-community users.

In addition, Binance gives priority to projects with an organic user base and commitments to responsible regulatory practices and compliance. This step is expected to increase investor confidence in new projects entering the market.

MIN Is Already Registered With MEXC

While waiting for the process of the listing application on Binance, the MIN token from the Cardano network has been listed on MEXC, one of the leading centralized exchanges. According to information from TheCryptoBasic, on May 28, MEXC opened a trading pair MIN/USDT and offered an airdrop reward pool worth 50,000 US Dollars. Currently, only MEXC and CoinEX have registered MIN.

Interestingly, following this announcement, the trading volume of MIN jumped by 218% to US$198,350, according to data from CoinMarketCap. Of this figure, MEXC, which recently registered MIN, accounts for 152,054 US Dollars or 76.58%. Listing in Binance is expected to further increase the total volume of this trade.

Minswap Labs' move to register MIN at Binance shows their proactive strategy of expanding reach and increasing investor confidence in their tokens. With the support of Binance, Minswap Labs has the potential to bring significant changes to the crypto ecosystem, especially for Cardano users.