Binance Announces FOLKS Token Listing on Alpha and Futures Markets
Leading crosschain DeFi lending protocol’s native token “FOLKS” will debut on Binance Alpha and Binance Futures.
After more than three years of delivering crosschain DeFi tools on mainnet, Folks Finance, backed by Coinbase Ventures, Jump Crypto, ParaFi, and Borderless Capital, will launch its native token, FOLKS, on Thursday, November 6th, 2025.
The token will be listed on Binance Alpha at 12:00 UTC, with FOLKSUSDT perpetual contracts going live on Binance Futures at 12:30 UTC, 30 minutes after Binance Alpha. Read the full Binance announcement.
Eligible Binance users will be able to claim exclusive FOLKS token airdrops through Binance Alpha Points from November 6th, 12:00 UTC.
FOLKS launches as a crosschain token, natively deployed on eight blockchains via Wormhole NTT.
Folks Finance enables users to lend, borrow, and manage digital assets across multiple blockchains from a single account — without bridging nor wrapping.
Powered by Chainlink CCIP, Circle CCTP, and Wormhole, its crosschain engine synchronizes liquidity between ecosystems, forming a unified foundation for capital-efficient DeFi.
Since launch, Folks has surpassed $400 million ATH in total value locked and onboarded over 200,000 users across eight chains.
At TGE, the FOLKS token becomes the coordinating layer of the protocol, with expected utilities rolling out in phases following the launch:
- Folks Finance Governance — enables certain active users to steer elements of future protocol development.
- Folks Router Discounted Fees — applied to swap transactions through Folks Router on Algorand.
- Crosschain DEX Aggregator Discounted Fees — applied to swap transactions through the crosschain DEX aggregator on xChain.
- Folks xPortal Discounted Fees — applied to bridging fees on xPortal (powered by Wormhole NTT).
- FOLKS as “Gas Token” — reduce operation transaction fees by paying in $FOLKS.
- xGov Voting — participate in xGov proposal votes on Algorand.
- Mobile App and Debit Card Perks — discounted fees and tiered perks related to Folks Mobile.
- Liquidity Incentives — boost rewards for active market participation.
- Future Utilities — additional use cases and expanded token utility will be introduced progressively.
“Having FOLKS debut on the world’s largest exchange is a milestone that expands access, visibility, and participation in the protocol,” said Benedetto Biondi, CEO of Folks Finance “FOLKS is the core layer connecting our crosschain ecosystem, and this listing will accelerate its reach and utility across users and networks.”
Official links
Website: https://folks.finance
X: https://x.com/FolksFinance
Discord: https://discord.com/invite/folksfinance
Telegram: https://t.me/FolksfinanceOfficial/
