Binance, the largest crypto exchange based on trading volume, announced plans to use GPS tokens, which powers GoPlus Security. This company provides open, permissionless, user-driven security services for the Web3 environment.

The exchange also adds GPS to HODLer airdrops, which rewards BNB holders with token airdrops based on historical snapshots of their BNB balances.

GoPlus Security is a company that covers major blockchain networks with multidimensional risk detection. According to a recent Binance announcement, its token, GPS, will be available for trading on the exchange starting Tuesday, March 4, at 13:00 UTC, against select token pairs.

“Binance will then list GPS at 2025-03-04 13:00 (UTC) and open trading against USDT, USDC, BNB, FDUSD, and TRY pairs,” the announcement stated.

In the immediate aftermath of this Binance listing announcement, GPS soared by 16%,

Notably, users can start depositing GPS tokens at 10:20 UTC in preparation for trading. Cognizant of the token’s relative newness in the market, the Binance exchange articulated that it would attach a seed phrase. This special identifier is a precaution to distinguish GPS from any other token. 

It is also worth noting that Binance will list GPS at zero listing fees, which means users can trade the GoPlus Security token without incurring any trading fees.

Beyond listing, the GPS token also joins the Binance Exchange HODLer airdrops program. These positions select BNB token holders to receive allocations. The initiative rewards users retroactively, offering a simple way to earn additional tokens.

“Binance is excited to announce the 11th project on the HODLer Airdrops page – GoPlus Security (GPS). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 2025-02-19 00:00 (UTC) to 2025-02-24 23:59 (UTC) will get the airdrop distribution,” the exchange added.

The listing and addition to the HODLer airdrops page is not Binance’s first interaction with GoPlus Security. In December 2022, YZi Labs (then Binance Labs) announced leading private round II funding for GoPlus Security.

The funding was intended to further develop GoPlus Security’s technology, create a security services marketplace, and attract top talent to help build a safer and more user-friendly Web3 ecosystem.

In April of the same year, GoPlus Security raised a multi-million dollar private funding round, but Binance did not participate.

The post GoPlus Security (GPS) Jumps Over 15% On Binance Listing Announcement appeared first on BeInCrypto.

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