Binance, the leading global cryptocurrency exchange, has expanded its offerings with two new token listings: Across Protocol (ACX) and Orca (ORCA). Both tokens will carry a seed tag designation, indicating their status as innovative but higher-risk projects. Trading begins today with the ACX/USDT and ORCA/USDT pairs.
Token Overview and Trading Details
- Listing Date: December 6, 2024
Trading Pairs:
- ACX/USDT
- ORCA/USDT
- Deposits: Already open for both tokens
👉 Track live price movements on TradingView
Project Breakdown
Across Protocol (ACX): Ethereum’s Optimistic Bridge Solution
Key Features:
- Operates as an insured bridge for EVM-compatible networks
- Uses decentralized relayers to fund cross-chain transfers
- Leverages UMA’s Optimistic Oracle for fast, low-cost refunds
- Backed by a unified liquidity pool on Ethereum
Use Case: Facilitates secure and efficient asset transfers between Ethereum and other EVM chains like Arbitrum and Optimism.
Orca (ORCA): Solana’s User-Friendly AMM
Key Features:
- Native Solana automated market maker (AMM)
- Supports asset swaps, liquidity provision, and yield farming
- Offers developer tools for dApp integration
- Prioritizes accessibility with an intuitive interface
Use Case: Powers decentralized trading and liquidity management within the Solana ecosystem.
Market Reaction and Strategic Implications
Following Binance’s announcement:
- ORCA surged 83.83%
- ACX jumped 223.53%
Binance’s updated listing policy favors projects with:
- Fair token distribution
- Organic community growth
- Sustainable utility over speculative hype
This shift explains the sustained upward momentum post-listing, contrasting with typical "sell-the-news" scenarios.
FAQ: Binance’s New Token Listings
Why do ACX and ORCA have a seed tag?
The seed tag denotes early-stage projects with higher volatility. It alerts traders to increased risks compared to established assets.
How does Across Protocol improve cross-chain transfers?
By combining insured bridges with optimistic oracle technology, ACX reduces costs and speeds up transactions between EVM networks.
What makes Orca unique among Solana AMMs?
Orca emphasizes simplicity and developer flexibility, offering embedded swap functions and yield tools for dApps.
Can I withdraw ACX and ORCA immediately after trading starts?
Withdrawals typically open within 24 hours of listing. Check Binance’s official announcements for exact timelines.
Why did Binance prioritize these lower-cap tokens?
The exchange now emphasizes fundamental metrics like holder distribution and real-world usage over pure market capitalization.
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