Binance, the largest cryptocurrency exchange by trading volume, has announced plans to use the GPS token, which supports GoPlus Security. The company provides an open and permissionless user-driven security service for the Web3 environment.
The exchange also added GPS to the BNB HODLer Airdrop, rewarding BNB holders with a token Airdrop based on a past snapshot of their BNB balances.
New Binance Listing... What Users Need to Know
GoPlus Security is a company that covers major blockchain networks with multi-dimensional risk detection. According to the recent Binance announcement, the GPS token will be tradable on the exchange for selected token pairs starting at 13:00 UTC on Tuesday, March 4.
"Binance will list GPS and start trading against USDT, USDC, BNB, FDUSD, TRY on 2025-03-04 13:00 (UTC)," the announcement said.
Immediately after this Binance listing announcement, GPS surged by 16%.
Specifically, users can deposit GPS tokens at 10:20 UTC to prepare for trading. Recognizing the relative freshness of the token in the market, Binance said it will attach a special identifier seed phrase to distinguish GPS from other tokens.
Additionally, Binance will list GPS without any listing fees, meaning users will not have to bear the trading fees when trading the GoPlus Security token.
In addition to the listing, the GPS token will participate in Binance's HODLer Airdrop program. This program selects BNB token holders and allocates them. This initiative retroactively rewards users and provides a simple way to obtain additional tokens.
"Binance is pleased to announce GoPlus Security (GPS) as the 11th project on the HODLer Airdrop page. Users who have subscribed BNB to Simple Earn (Flexible and/or Fixed) and/or on-chain yield products from 2025-02-19 00:00 (UTC) to 2025-02-24 23:59 (UTC) will receive the Airdrop distribution," the exchange added.
The listing and addition to the HODLer Airdrop page are not Binance's first interactions with GoPlus Security. In December 2022, YZi Labs (then Binance Labs) announced that it led the Private Round II funding for GoPlus Security.
This funding was intended to further develop GoPlus Security's technology, create a security services marketplace, and attract talent to build a safer and more user-friendly Web3 ecosystem.
In the same year, April, GoPlus Security successfully completed a multi-million dollar private funding round, but Binance did not participate.
