Popular Cryptocurrency Exchange Binance Lists A New Altcoin! Price Increases
Binance , the world’s largest cryptocurrency exchange , announced in an announcement that it will list a new altcoin on its platform . This announcement by Binance caused an increase in the altcoin price. Here are the details;
Binance Lists A New Altcoin
Popular cryptocurrency exchange Binance released a new announcement this morning. In the announcement, it was stated that the exchange will list a new altcoin during the day. According to the announcement, Binance will list the Rari Governance Token ( RGT ) on its platform during the day .
With Binance’s listing announcement, the altcoin price started to rise and gained more than 50 percent.
The full announcement by Binance is as follows;
“Binance will list the Rari Governance Token ( RGT ) and start trading for RGT/BTC, RGT/BNB, RGT/BUSD and RGT/USDT trading pairs at 09:00 UTC 2021-11-05. Users can now start depositing RGT in preparation for trading. Withdrawals for RGT will open at 09:00 UTC 2021-11-06.
Note: Withdrawal open time is an estimated time for users’ reference. Users can see the real status on the withdrawal page.”
Penned the content that moment as Binani of ‘lists also experienced a 50% increase in the price listed along with Altcom. So much so that RGT was traded at $ 43 before being listed on the popular cryptocurrency exchange, but rose to $ 65 immediately after being listed.
According to data from CoinMarketCap, the altcoin continues to trade at $48, up 8.81%.
What is Rari Governance Token (RGT)?
Rari Capital is a DeFi protocol that allows users to borrow, lend and earn returns on their crypto assets. The platform offers a number of products such as split fixed pools of money, customizable lending and borrowing pools, and more. Rari Governance Token (RGT) is the platform’s governance token that can be used to vote on governance proposals.
Rari is managed by the RGT token , a DeFi robo-advisor that manages the management over the entire Rari Protocol to maximize throughput .