Binance, a cryptocurrency exchange platform has chosen STP Networks (STPT) and Iris Network (IRIS) for the 7th of community voting.
Standard Token Protocol (STP) Network is a decentralized platform that enables the tokenization of any asset, recently announced their rebranding as BlockZone in an effort to offer a broader range of services for the project’s native STPT token.
Also, IRIS Network is the result of the collaboration between several blockchain enterprises – Tendermint (currently building Cosmos), Wancloud (a subsidiary of Wanxiang Blockchain) and Bianjie AI.
These two networks will be voted for by interested Binance users and the highest rated of two cryptocurrencies will be listed on Binance.
Before Binance announced that it would release these cryptocurrencies, IRIS experienced a 55 percent increase in rating while an increase of 38 percent was observed in STPT.
According to the statement, the voting will begin on March 24 at 07:00 CEST and will end after 24 hours. The voting will take place on the Binance platform.
In order to participate in the voting, users must have at least 50 BNB in their Binance account from 03:00 CET until March 24 at 03:00 CET.
If STPT wins as a result of voting, STPT voters will receive a share from the 13 million STPT pool based on the number of votes they have cast. If IRIS wins, a pool of 22 million IRIS was created for those who voted for IRIS.
A prize pool of 4500 BNB has been reserved for those who voted for the second crypto.