World's Top Crypto Exchange by Trading Volume Announces Upcoming Support for Consumer-Focused Altcoin on Binance Alpha
The world's largest crypto exchange by trading volume is announcing upcoming support for an entertainment altcoin on its early-access platform.
In a new announcement, Binance says it's adding support for Sophon (SOPH), an interoperable layer-2 scaling solution made for the entertainment industry, on Binance Alpha, a feature of the Binance Wallet which launched in December 2024 that lets users discover emerging web3 projects before they gain mainstream popularity.
'Binance is excited to announce that Sophon (SOPH) will open for trading on Binance Alpha starting 2025-05-28 13:00 (UTC). In addition, Binance Futures will launch SOPHUSDT Perpetual Contract with up to 50x leverage at 2025-05-28 13:30 (UTC).'
Sophon aims to create mainstream uses for blockchain technology by integrating it into everyday events, such as gaming.
'Sophon is an innovative ZK (zero-knowledge) chain built on the ZKsync Elastic Chain vision, designed to become the hub of consumer crypto by creating engaging, accessible, and widely-used applications that extend beyond the existing crypto-native audience.
As a Validium-based Layer 2 solution, Sophon leverages advanced blockchain technology to offer higher throughput, low transaction fees, and seamless interoperability with other ZK chains, all while maintaining the security of the Ethereum mainnet.'
Zero-knowledge proofs allow one party to prove that a cryptographic statement is true without disclosing any additional information.
SOPH, the project's native token used to pay gas fees and reward validators, has yet to launch but is slated to debut next week.
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