As traders keep an eye on major coins and overall market action, it’s interesting to see how different exchanges handle new listings. On BingX right now, FOGO ($FOGO) is listed with a Listing Carnival where traders who deposit and trade share a $50,000 FOGO pool, not just a giveaway, but a concentrated early liquidity phase that often reveals real participation levels. Looking back at Binance’s own listing campaigns, we’ve seen similar mechanic play out on a larger scale. For example, Binance ran spot listing promotions where eligible traders could share millions of tokens as part of launch incentives, like the recent APRO listing with 15,000,000 AT vouchers and other campaigns offering multi-million token prize pools for eligible participants. Beyond spot promotions, Binance has historically leaned into events like Launchpad and Launchpool, where staking BNB earned new tokens ahead of listing, and broad token distribution programs across 21 separate Launchpool campaigns in 2024 involving over $1.75B in distributed token rewards. Putting that in context, events like the FOGO Listing Carnival aren’t just one-off promos. They fit into a broader pattern across exchanges, where early trading incentives and participation rewards help establish initial liquidity and surface genuine demand signals for newly tradable tokens. For traders tracking new assets and early market behavior, that’s often a more meaningful data point than the headline value of the reward pool itself.

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