Binance Alpha is set to list EthSign ($SIGN), a decentralized agreement protocol, on April 28th. Trading on Alpha begins at 10:00 UTC, followed one hour later by the full spot listing on Binance main at 11:00 UTC. This also marks SIGN’s debut on a major centralized exchange (CEX).
The listing includes a Binance HODLer airdrop and another reward campaign based on the platform’s Alpha Points system.
Binance Alpha prepares to list EthSign (SIGN), a decentralized agreement protocol, on April 28, at 11:00 UTC.
SIGN Tokenomics: Initial Supply & Airdrop Details
According to the exchange’s announcement, a total of 10 billion SIGN tokens will be issued, with 1.2 billion unlocked at launch. Binance has kept aside 200 million SIGN for distribution via its 16th HODLer Airdrop.
A separate batch will also be awarded to users who meet the required Alpha Points threshold. However, the exact threshold will be revealed on April 28th, so that participants get a fair shot to prepare and potentially claim their share of SIGN as it makes its debut.
For those new, Alpha Points threshold is Binance’s proprietary scoring mechanism that tracks user engagement through activities like trading, wallet usage, and early-stage project participation.
Additionally, users who meet the designated criteria will receive their airdropped SIGN within 10 minutes of trading launch, offering them a head start in what could be a volatile price discovery phase.
What is EthSign? Bringing Legal Agreements On-Chain
The EthSign protocol aims to bring smart contracts and on-chain identity verification to the world of legal documents. It offers a decentralized alternative to traditional e-signature platforms like DocuSign.
The project aims to solve a longstanding challenge: how to create legally enforceable agreements that are also natively Web3. Backed by a suite of blockchain-based verification tools, EthSign enables users to sign and store contracts on-chain, with full transparency and auditability.
Binance Warns of Potential Listing Volatility
While the listing and airdrop are generating buzz, Binance has cautioned users to remain vigilant. As with all early-stage tokens, SIGN may experience high volatility. Traders are encouraged to review the project’s fundamentals and monitor for rapid price swings in the opening hours.
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