The moment is finally here. Binance announced today that Bitquence (BQX) will be listed on the Chinese exchange in 2 days time.
Deposits are enabled form September 21st already.
Most of us already knew about the fact that BQX was being (listed in September](https://binance.zendesk.com/hc/en-us/articles/115001499471-Binance-September-Coins) together with Stratis (STRAT), Verge (XVG), SONM (SNM) and SingularDTV (SNGLS). However the date was still a mystery until today.
But the announcement came with another surprise; a giveaway.
"To celebrate the launch, Binance and Bitquence have committed a total of 110,000 BQX to reward customers worldwide. The reward program will be made available as part of the listing of BQX on Binance, according to the following structure:
Top 200 BQX Deposits Leaderboard Reward Program"
In essence, if you are one of the top 200 depositors you can get 10% of your deposit, up to 500 BQX for free per account. The deposit period which will be counted towards this will start tomorrow and and 4 days after trading starts, so will last 5 days in total.
Will prices rise?
Most likely yes. Given the fact that BQX has been trading on relatively unknown exchanges, this additional listing should create a lot more demand.
At the moment, BQX is traded versus BTC only on Coinexchange. Versus ETH it has been trading on Coinexchange, EtherDelta and HITBTC.
The first time when it became clear BQX had a chance to become listed, prices jumped substantially. Binance was holding a vote for a listing of a popular coin and BQX was in the lead as many BQX enthusiasts were voting in favor of the coin that tries to bring cryptocurrencies to the masses.
Prices did decline again though due to other coins receiving more votes than BQX in the end. However, when the news broke that Binance was going to list 5 coins including BQX, prices went up again. And finally today, when it was announced BQX will be starting trading on the 22nd, prices shot up by over 20%.
The voting event in early September and today's event can clearly be seen in the graph below.
So if you have any BQX, you might want to deposit them on Binance. At least try and get the bounty right? And if you don't, you can buy them now before the demand on Binance starts affecting the price. Upwards that is.
Stay tuned!
References:
https://twitter.com/bitquence
https://binance.zendesk.com/hc/en-us/articles/115001659531--Binance-Lists-BQX
https://binance.zendesk.com/hc/en-us/articles/115001499471-Binance-September-Coins
https://twitter.com/bitquence