Back

Binance to Launch Spot Trading for Skate (SKATE) on June 9

Binance will initiate trading for Skate (SKATE) and offer an airdrop of 800 SKATE tokens to eligible users holding 236 Alpha points, enhancing user engagement.

Summary

Binance has announced the launch of the Skate (SKATE) token, with Alpha trading commencing on June 9, 2025. Users with at least 236 Binance Alpha points can claim an airdrop of 800 SKATE tokens, costing 15 points to claim. Airdrop confirmation is required within 24 hours, part of Binance's strategy to boost user engagement during this event.

Terms & Concepts
  • Spot Trading: The purchase or sale of a financial instrument, such as a cryptocurrency, for immediate delivery.
  • Perpetual Contracts: A type of futures contract that does not have an expiration date, allowing traders to hold positions indefinitely.
  • Leverage: The use of borrowed funds to increase the potential return on investment, allowing traders to control larger positions.