Binance Alpha is set up to list Ethsign ($sign), a contract protocol that was decentralized on April 28th. The Alpha trade began at 10:00 UTC, followed by a full spot list for Binance Main at 11:00 UTC. This also marks the debut of the sign in a major central exchange (CEX).
The list includes Binance Hodler Airdrop and another rewards campaign based on the platform’s Alpha Points system.
Binance Alpha is preparing to list Ethsign (Sign), a distributed contract protocol, at 11:00am on April 28th.
Signature Talk Nemics: Initial Supply and Airdrop Details
According to an announcement from Exchange, a total of 10 billion sign tokens will be issued, and 1.2 billion will be unlocked at launch. Binance is putting aside 200 million signs for distribution via the 16th Hodler Airdrop.
Users who meet the required alphapoint threshold will also be awarded another batch. However, the exact threshold will be revealed on April 28th, so participants may prepare themselves when they debut and insist on sharing the sign.
In these new cases, the alphapoint threshold is Binance’s proprietary scoring mechanism that tracks user engagement through activities such as trading, wallet use, and participation in early stage projects.
Additionally, users who meet the specified criteria will receive an Air Force drop sign within 10 minutes of the launch of the transaction, offering a head start in what could be a volatile price discovery phase.
What is ethsign? Closing legal contracts
The Ethsign protocol is intended to bring smart contract and chain identity verification into the world of legal documents. It offers a decentralized alternative to traditional e-signature platforms such as Docusign.
This project is intended to solve many years of challenges. This is how to create a legally enforceable contract that is natively Web3. Backed by a suite of blockchain-based verification tools, Ethsign allows users to sign and store contracts that are fully transparent and auditable.
Binance warns of potential list volatility
Lists and airdrops are creating buzz, but Binance warns users to stay vigilant. Like all early stage tokens, signs may experience high volatility. Traders are advised to review the basics of the project and monitor rapid price fluctuations in opening hours.
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