KEY ($0.00) TAKEAWAYS
- Binance will list Cheems (1000CHEEMS) and Test (TST) tokens, with trading starting on February 9, 2025.
- These tokens are issued on the BNB ($630.04) Smart Chain and come with a ‘seed tag’ due to their innovative nature and associated risks.
- Trading restrictions apply to certain countries, and users must pass a quiz every 90 days to trade these tokens.
- Spot Algo Orders and Trading Bots will be available for these pairs, enhancing trading options for users.
Binance has announced the listing of two new tokens, Cheems (1000CHEEMS) and Test (TST), on its platform. Trading for these tokens will commence on February 9, 2025, at 11:00 UTC. The new spot trading pairs available will be 1000CHEEMS/USDT ($1.00), 1000CHEEMS/USDC ($1.00), TST/USDT, and TST/USDC.
Deposits for 1000CHEEMS and TST will be open one hour before trading begins, while withdrawals are scheduled to open on February 10, 2025, at 11:00 UTC. Binance has waived the listing fee for these tokens, which are both issued on the BNB Smart Chain. The smart contract addresses for 1000CHEEMS and TST are 0x0df0587216a4a1bb7d5082fdc491d93d2dd4b413 and 0x86Bb94DdD16Efc8bc58e6b056e8df71D9e666429, respectively.
Understanding Cheems and Test Tokens
Cheems (1000CHEEMS) is a meme coin inspired by the Shiba Inu dog breed, while Test (TST) is a test token deployed by BNBchain on the four.meme platform. Both tokens are relatively new and come with higher risks and potential price volatility. Binance has applied a ‘seed tag’ to these tokens, indicating their innovative nature and associated risks.
To trade tokens marked with a seed tag, users must pass a quiz every 90 days on Binance Spot or Margin platforms. This measure ensures traders are aware of the risks involved. A risk warning banner will also be displayed for these tokens.
Trading Restrictions and Additional Information
Trading eligibility for these new pairs is subject to the user’s country or region. Currently, residents from countries such as Canada, Cuba, Iran, and the United States, among others, are restricted from trading these pairs. This list may change due to legal and regulatory updates.
Spot Algo Orders will be enabled for these pairs at the start of trading, with Trading Bots and Spot Copy Trading becoming available within 24 hours. Users can manage their Spot Copy Trading portfolios by adjusting settings in the Personal Pair Preference section.
For more details, you can view the original announcement here.
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