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Binance’s Innovation Zone will soon host Stargate ($STG)

Quick Take

  • Binance will be listing Stargate ($STG) in their Innovation Zone.
  • Users will soon be able to deposit STG while they prepare for trading.
  • The listing fee for $STG will be 0 $BNB.

In a recent announcement, the world’s biggest crypto exchange platform, Binance, announced they will be listing Stargate ($STG) in their highly coveted Innovation Zone.

What is Stargate ($STG) and the Innovation Zone?

For those unaware, the Innovation Zone is a fully committed zone for trading where users have the privilege of trading new, innovative coins. 

These coins are often higher in volatility and pose a greater risk than general tokens in the market.

Stargate Finance is a cross-chain bridge that functions with the help of a unified liquidity pool model. Its native governance token is called the $STG. One can also stake this token in exchange for protocol revenue.

According to Binance, $STG is a comparatively new token in the market. As a result, the risk-to-reward ratio will be quite high, coupled with high price volatility. Therefore it would be better to conduct thorough research and understand the project in detail before trading the token. 

As per the announcement, Binance will be listing $STG and trading for $STG/$BTC, $STG/$USDT, and $STG/$BUSD trading pairs will open at 2022-08-19 09:00 (UTC).

The information provided on DecentReviews does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Do not treat any of the websites content as such. DecentReviews does not recommend that any cryptocurrency or blockchain asset should be bought, sold, or held by you. Conduct your own due diligence and consult your financial advisor before making any investment decisions.

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