-
Binance has officially announced the listing of Skate (SKATE) on its Alpha platform, marking a significant development in the altcoin market.
-
Following the announcement, SKATE experienced a notable 33.3% price surge in pre-market trading, reflecting robust investor interest.
-
Binance will also host an exclusive 24-hour airdrop event for SKATE tokens, redeemable via Binance Alpha Points starting June 9, 2025.
Binance lists Skate (SKATE) on Alpha with futures trading and airdrop event, driving a 33.3% price surge and boosting market liquidity for this emerging altcoin.
Binance Alpha Launches SKATE Trading with Futures Contract
Binance’s introduction of SKATE trading on its Alpha platform represents a strategic expansion of its altcoin offerings. SKATE, the native token of the Skate multi-VM infrastructure, has a capped supply of 1 billion tokens, with 10% earmarked for an initial airdrop to incentivize early adopters. The listing is scheduled to begin on June 9, 2025, at 10:00 UTC, with futures trading launching shortly after at 10:30 UTC. This dual availability on spot and futures markets is designed to enhance liquidity and provide traders with diversified instruments to engage with SKATE.
Exclusive Airdrop Event to Boost User Engagement
In conjunction with the listing, Binance is rolling out a time-sensitive airdrop exclusive to Binance Alpha users. Eligible participants can claim SKATE tokens by redeeming Binance Alpha Points within a 24-hour window starting June 9, 2025, at 10:00 UTC. This initiative aims to reward active users and stimulate trading activity. Binance’s official communication emphasized the importance of this event, stating, “Eligible users need to use Binance Alpha Points to claim their airdrop on the Alpha event page, which will be published on June 9 with the activity rules.” This approach not only encourages platform engagement but also fosters a community-driven adoption of the SKATE token.
Market Impact and Broader Exchange Support for SKATE
The announcement of SKATE’s listing catalyzed a significant price movement, with the token rising 33.3% to $0.20 during pre-market trading on MEXC. This price action underscores strong market anticipation and demand ahead of the official launch. MEXC’s early OTC pre-market trading, which began on June 4, 2025, at 06:00 UTC, provided traders with an opportunity to acquire SKATE tokens before broader market availability, contributing to the token’s early momentum.
Beyond Binance, Bybit has also announced support for SKATE trading starting June 9, 2025, further expanding the token’s accessibility. Additionally, Bybit’s Megadrop event allows users to stake Mantle (MNT) and Tether (USDT) to earn rewards from a 10 million SKATE token pool. Running from June 3 to June 7, 2025, this event includes random snapshots to distribute rewards, enhancing SKATE’s visibility and incentivizing participation across multiple platforms.
Conclusion
The listing of SKATE on Binance Alpha and the launch of its futures contract mark pivotal steps in the token’s market introduction. Supported by a strategic airdrop and multi-exchange availability, SKATE is positioned to attract significant trader interest and liquidity. These developments highlight Binance’s commitment to fostering innovative crypto projects and providing traders with diverse opportunities. Market participants should monitor SKATE’s performance closely as it establishes itself within the competitive altcoin landscape.
