The Binance platform revealed the community coin competition that the platform organizes periodically to include a new digital currency for trading in the Binance system.

Binance announced that the project “DREP” and the currency symbol is (DREP) and the project “Newton” and the currency symbol (NEW) was chosen for the nomination in the voting process.

Note that the voting process will start on the 15th of the current month of January at seven in the morning (Saudi time).

It will last for 24 hours and the voting will close on January 16th at 7:00 AM (KSA time).

The Binance platform made some modifications in the voting process and they were revealed in Advertising The platform is as follows:

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• During the voting process, the top project will not be revealed, but the voting numbers will be displayed live. Thus, project logos will be replaced with question marks during the voting process so that the leading project is hidden.
• Votes will be updated every 15 minutes during the voting period.
• The winner of the voting will be revealed after all final nominations have been counted after the voting period has expired.

The number of votes each user gets will also be determined according to the number of BNB coins they hold during the 8 days (from January 7 to January 15).

Rewards for participants in the voting process:

If DREP wins the voting process and is listed on Binance, 86,000,000 DREP Tokens will be distributed to all participants based on the number of votes per user.

If the “Newton” project wins the voting process and is listed on Binance, 134,000,000 NEW tokens will be distributed to all participants based on the number of votes per user.

While users who voted for the second project share 3,500 BNB cryptocurrencies based on the number of votes per user.

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The Binance platform confirmed that it will seek to list the winning project within a reasonable time frame after the voting process and the completion of the technical matters necessary for the listing process.

The platform clarified that each user must select one project to vote and will not allow the user to vote for both projects, provided that the rewards are distributed within two weeks after the voting process is completed.

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