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Binance Cancels SPCXx IPO, Airdrops ~$1M SPCXB Tokens as Compensation

GateNews
Token Events
SPCXX1.18%
SPCX-0.14%

According to Binance on June 12, Binance Wallet canceled the SPCXx IPO activity due to "uncontrollable factors." All USDC locked by participants will be fully refunded to their original addresses by June 12, while the platform will airdrop approximately $1 million worth of bStocks SpaceX tokens (SPCXB) to participants by June 18 based on their participation levels.

SPCXB is a tokenized security pegged 1:1 to SpaceX shares, with underlying assets held by regulated custodians and backed by reserve certificates. The token will subsequently be listed for spot trading on Binance.

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