Cryptocurrency news

New Listing Announcement From Binance! This Altcoin Price Jumped

According to this announcement on Binance's website, the exchange will list a new altcoin today. Altcoin price skyrocketed.

New Listing Announcement From Binance! This Altcoin Price Jumped

Popular cryptocurrency exchange Binance has recently released a new announcement on its official website. According to this announcement on Binance’s website, the stock market will list a new altcoin during the day today.

The listing announcement put the altcoin ‘s price on the rise. Here are all the details about the listing…

Binance Lists This Altcoin

Binance , the world’s largest cryptocurrency exchange in terms of market volume, made a new announcement today and announced that it will list a new altcoin on its platform.

In the statement made on Binance’s official website, it was stated that the stock market will list Kadena ( KDA ) during the day today. According to the information in Binance’s announcement, the giant stock market will list Kadena today at 14.30 .

The full listing announcement made by Binance is as follows;

“Binance will list Kadena (KDA) at 2022-03-11 11:30 (UTC) and open trading for KDA/BTC, KDA/BUSD and KDA/USDT trading pairs.

Users can now start depositing KDA in preparation for trading. Withdrawals for KDA will open at 2022-03-12 11:30 (UTC).

Note: Withdrawal open time is an estimated time for users’ reference. Users can see the real status on the withdrawal page.”

Altcoin Price Peaks

The listing announcement by Binance caused an incredible increase in the price of the altcoin. So much so that while Kadena was trading at $ 6.0519 just before the announcement, the price managed to rise to $ 7.20 levels with Binance’s announcement.

As of the time of writing, Kadena (KDA) continues to trade at $ 6.97, up 13% in the last 24 hours, according to CoinMarketCap data.

What is Kadena (KDA)?

Kadena is a public blockchain with a new smart contract language called Pact that aims to optimize scalability and is equipped with official verification and upgradeable smart contracts .

Kadena also uses a new Proof of Work (PoW) consensus mechanism called Chainweb, which consists of multiple individually mined chains running in parallel to run network transactions . This design theoretically supports high throughput at the base layer without the need for any second layer scalability or functionality solutions.

KDA is the native service token designed to be used to pay the network’s transaction fee

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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