Binance, the world's largest cryptocurrency exchange by trading volume, has announced plans to integrate the GPS token, the native asset of GoPlus Security. This Web3 security company provides open, permissionless, and user-driven security services for the decentralized ecosystem.
The exchange will also include GPS in its HODLer airdrop program. This initiative rewards BNB token holders with airdropped tokens based on historical snapshots of their BNB balances.
Key Details About the New Binance Listing
GoPlus Security operates a multi-chain security network offering multidimensional risk detection capabilities. According to the official Binance announcement, the GPS token will become available for trading on the exchange starting Tuesday, March 4, at 13:00 UTC, with several trading pairs.
"Binance will then list GPS on 04-03-2025 at 13:00 (UTC) and open trading for USDT, USDC, BNB, FDUSD, and TRY pairs," stated Binance.
Immediately following the listing announcement, the price of GPS surged by approximately 16%.
Notably, users can begin depositing GPS tokens starting at 10:20 UTC in preparation for trading. Recognizing that GPS is a relatively new token, Binance indicated it would attach a specific seed phrase tag. This identification measure helps distinguish GPS from other tokens and serves as a security precaution.
Furthermore, Binance will list GPS without any listing fees. This means traders can buy and sell GoPlus Security tokens without incurring additional trading fees on the platform.
Integration into the Binance HODLer Airdrop Program
The GPS token will also join Binance's HODLer airdrop initiative. This program selects BNB token holders to receive token allocations. It retroactively rewards users based on their historical BNB holdings, offering a straightforward method to acquire additional tokens.
"Binance is pleased 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 be eligible for the airdrop distribution," the exchange added.
Background on the Binance and GoPlus Security Relationship
This listing and airdrop inclusion are not the first interactions between Binance and GoPlus Security. In December 2022, YZi Labs (formerly known as Binance Labs) announced it was leading the Series II funding round for GoPlus Security.
That funding was intended to further develop GoPlus Security's technology, create a security service market, and attract top talent to help build a secure and user-friendly Web3 ecosystem.
Earlier that same year, in April, GoPlus Security secured a multi-million dollar private funding round, though Binance did not participate in that particular raise. For a deeper look into security and trading strategies in the Web3 space, you can explore more strategies here.
Frequently Asked Questions
What is the GPS token?
The GPS token is the native utility token of GoPlus Security, a company providing security services for the Web3 ecosystem. Its functions likely include securing the network, paying for services, and governing the protocol.
How can I buy the GPS token?
After the listing date on March 4, 2025, users can trade the GPS token on the Binance exchange against pairs like USDT, USDC, BNB, FDUSD, and TRY. Users must have a verified Binance account and can deposit tokens in advance.
What is the Binance HODLer airdrop program?
The HODLer airdrop is a Binance initiative that rewards users who hold and stake BNB tokens. It distributes new tokens from selected projects to eligible BNB holders based on snapshots of their holdings taken during a specific eligibility period.
Why did the GPS price surge?
The price of GPS surged primarily due to the announcement of its listing on Binance, the world's largest crypto exchange. Listings on major exchanges typically increase a token's visibility, accessibility, and trading volume, leading to positive price momentum.
Is GoPlus Security affiliated with Binance?
While not directly affiliated, there is a history of collaboration. The venture arm formerly known as Binance Labs led a funding round for GoPlus Security in 2022. This new listing represents a significant commercial partnership between the two entities.
What does GoPlus Security do?
GoPlus Security provides open, permissionless security infrastructure for Web3. Its services include multi-dimensional risk detection across major blockchain networks, helping to create a safer environment for users and developers in the decentralized space.