What To Know:
- Binance opens trading for Orochi Network (ON) on Alpha and launches ONUSDT perpetual futures with up to 50x leverage.
- Alpha users holding at least 220 points can claim 200 ON tokens; the threshold drops by 15 points every hour until the airdrop ends.
- The airdrop runs from Oct 24–25, with Binance emphasizing it’s the first to list Orochi on both Alpha and Futures.
Binance will open trading for Orochi Network (ON) on its Binance Alpha platform today at 08:00 (UTC),and will be offering an airdrop to eligible users. The platform will also launch a USDT perpetual futures contract shortly after. The ONUSDT Perpetual Contract will go live on Binance Futures at 08:30 (UTC) with up to 50x leverage and continuous trading.
Binance: Alpha Users Eligible to Claim 200 ON
Users who hold at least 220 Alpha points at the start of the event will be eligible to claim 200 ON tokens. Claiming is on a first come, first served basis. As per the announcement, if demand remains high and the event has not been completed, the eligibility threshold will drop by 15 points each hour until the airdrop inventory is exhausted. Each claim consumes 15 Alpha points. After claiming, users must confirm their claim on the Alpha event page within 24 hours, or the claim will be forfeited.
The airdrop window will be available from 2025-10-24 08:00 (UTC) through 2025-10-25 08:00 (UTC). Users can access the Binance Alpha Events Page through the Binance mobile app search function to check eligibility and submit claims. Detailed instructions for claiming using Alpha points are available on the event page.
Binance emphasized that it is the first platform to list Orochi on both Binance Alpha and Binance Futures. Orochi Network describes itself as a verifiable data infrastructure that applies advanced cryptography to preserve data integrity and privacy while enabling trustworthy computation without exposing sensitive information. The listing reflects growing interest in projects that focus on secure data handling and privacy-preserving computation.
The ONUSDT Perpetual Contract will settle in USDT. Specific tick size information will be posted 15 minutes before launch. The contract features a capped funding rate of plus or minus 2.00 percent, with funding fee settlements every four hours. The product supports Multi-Assets Mode, allowing users to trade using multiple margin assets subject to applicable haircuts. For example, when Multi-Assets Mode is enabled, BTC can be used as margin for the ONUSDT contract.
Binance warned that contract specifications may change based on market risk conditions. Adjustments could include funding fee rates, tick size, maximum leverage, and margin requirements. The perpetual contract will be included in Binance Futures New Listing Fee Promotion. It will also be available for Futures Copy Trading within 24 hours of launch.
Binance has reminded users that listings on Futures do not guarantee spot listings. Spot and futures listings operate independently. Traders should refer to the official announcement for final details and to resolve any discrepancies with existing FAQ entries.
As market conditions can change quickly, traders are advised to review contract specifications and risk controls before participating.
This launch follows a familiar pattern in which exchanges introduce a token on a dedicated alpha or launchpad venue, pair the token with a USDT perpetual, and offer incentives to early participants. Binance has organized the airdrop mechanism so that committed Alpha users can receive tokens in exchange for their points, with automated adjustments intended to ensure distribution even under heavy demand.
The company encouraged users to monitor the Alpha Events Page and official channels for updates and final tick size details ahead of both the spot and futures launches. Binance advised eligible participants should prepare their accounts, enable required verification levels, and ensure sufficient Alpha points before the event begins. These precautions will save users from missing the time-limited opportunity and any fast-moving changes in market conditions.
Also Read: Binance Clarifies: No Fees, No Hidden Costs For Listing
