Kusama (ksm) 
GoPlus Security Token Makes Binance Debut with Airdrop Event
The GoPlus Security native token, GPS, is set to make its debut on Binance with an airdrop event prior to its listing, resulting in a surge of over 15% in its price since the announcement.
Airdrop Event Details
Binance announced that it will distribute GoPlus Security tokens to its BNB users one hour before the token’s listing on the exchange platform. The token will be available for trading on March 4 at 13:00 UTC, with open trading for USDT, USDC, BNB, FDUSD, and TRY pairs.
Binance users who have BNB subscribed to Simple Earn and/or On-Chain Yields products from February 19 until February 24 will receive GPS tokens from the Binance airdrop event.
Price Surge and Market Performance
Shortly after Binance announced its listing, the GoPlus Security token price spiked as high as 15% to $0.16. In the past week, the token has gone up by nearly 18%, but in the past month, it has been on a decline streak of 16%. At press time, the token has gone up 11% and is trading hands at $0.14.
Since its launch on January 16, GoPlus’ native token has accumulated a market cap of over $264 million and a fully diluted valuation of $1.4 billion. The Binance listing also added a significant boost to its daily trading volume, with GPS trading volume increasing by nearly 410% to more than $35 million in the past 24 hours.
Seed Tag and Trading Risks
According to the notice, Binance will be adding a seed tag to GPS, informing users of the token’s potentially higher trading risk compared to more established tokens. GPS will be available for trading on the Base network.
About GoPlus Security
GoPlus Security is a web3 encrypted security project, offering users real-time token security auditing and decentralized data solutions. Its native token, GPS, is designed to be a utility token, enabling users to receive incentives for safeguarding the network by staking GPS to run security nodes or provide security data.
Security Risks and Industry Insights
A day before the Binance listing announcement, former Binance chief Changpeng “CZ” Zhao shared a post by GoPlus Security warning users about the “serious security risks” of trading newly launched tokens. This highlights the importance of security audits and decentralized data solutions in the web3 space.
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