Latest Binance IEO Crypto Triples In Value In First 24 Hours Of Trading

2020-2-6 22:00

WazirX, the latest IEO token to be released via the Binance launchpad has exploded in value during its first day of trading on the crypto exchange. The shiny new crypto asset has now tripled in value in mere moments after trading went live on the platform. What does this mean for the future of the new IEO token, or will it fall to the same fate of the rest of the pack? IEO Revival Hits Binance, Altcoin Triples in Value In First Day Trading After Launch After the initial coin offering boom fizzled out due to red tape and risk imposed by regulators like the United States Securities and Exchange Commission, a void was left in the crypto market for investors who were eager to get in on the ground floor of a new altcoin project. To fill this void and serve crypto market demand, Binance and many other crypto exchanges have launched initial exchange offering platforms designed to bring new coins to the market with additional backing. Related Reading | Exchange-Related Tokens Dominate Crypto ROI Last Year  The idea is that because the new IEO altcoin has added support from a big name exchange, investors are less at risk for exit scams, and other issues arising from less savory founders and operations. During 2019, IEO tokens exploded onto the scene with much hype, and even caused the native exchange tokens for each platform launching new tokens into the market, to increase in value due to rising demand. Exchange tokens are required to be held for traders to gain access to these new token launches. But while exchange tokens shined last year, the IEO tokens that were released are almost at complete losses now. A former SEC chief even called IEO tokens “unregulated crypto-casino fundraising mutations,” which could have taken the momentum out of the crypto market initiative.  However, today’s launch of the WazirX token shows that IEOs may not be down for the count just yet. What is WazirX and Why Are Crypto Investors FOMOing Into the Asset? After the successful launch of the WazirX token, the asset tripled in value in the moments after trading opened for the shiny new altcoin. Interestingly, although the token is built on Binance’s blockchain, the WazirX token is an exchange token itself, native to the WazirX platform – who call themselves India’s most-trusted Bitcoin exchange, according the to platform’s website. Related Reading | Former SEC Chief Calls IEOs “Unregulated Crypto-Casino Fundraising Mutations” The token will be used to “reward” the platform’s community for helping to contribute to its ongoing growth. Rewards include trading fee discounts, voting privileges, access to airdrops and much more. Featured image from Shutterstock The post appeared first on NewsBTC.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Circuits of Value (COVAL) на Currencies.ru

$ 0.0224146 (+0.39%)
Объем 24H $381.661k
Изменеия 24h: -4.01 %, 7d: -1.12 %
Cегодня L: $0.0223553 - H: $0.0227553
Капитализация $40.006m Rank 668
Цена в час новости $ 0.0008512 (2533.29%)

value trading crypto latest binance ieo asset

Источник: newsbtc.com

value trading → Результатов: 126


Israel Securities Authority Is Looking To Private DLT Exchanges To Model Its Regulations

Israel’s securities regulator is calling on private sector players to submit proof-of-concept for Distributed ledger technology (DLT) backed virtual assets trading platforms. According to CoinDesk, Israel Securities Authority (ISA) held a conference on Jan 20 in Tel Aviv where it announced that it was set to provide a full virtual value chain meant for investors […]

2020-1-28 01:04


PlanB: Bitcoin Price Below S2F Model Value Is A ‘Rare’ Opportunity For BTC To $10,000 By EOY

Before breaking the record losing streak of 2014, that has BTC crashing to $6,515 level, Bitcoin went back above $7,000 and is still maintaining around that level. Since last week, Bitcoin price has lost 15% of its value, sinking to the lowest level in six months on concerns of a crackdown on crypto trading by […]

2019-11-26 20:06


VeChain Price Analysis VET / USD: Reemerging

VeChain has a bullish short-term and medium-term trading outlook The four-hour time frame shows that an inverted head and shoulders pattern has been triggered The daily time frame is still showing a large head and shoulders pattern VeChain is surging higher, with the VET / USD pair adding over 20% to its trading value, following […] The post VeChain Price Analysis VET / USD: Reemerging appeared first on Crypto Briefing.

2019-11-16 20:44


Фото:

One Huge Pump and Dump Sent This Altcoin Soaring by Over 7,000%

In the world of altcoin trading, there is perhaps nothing more concerning to traders than being unknowingly caught up in a ‘pump and dump.’ Usually, these schemes result in a cryptocurrency or low market cap asset rapidly multiplying in value, before crashing suddenly back to the original value or lower, leaving some investors stuck with […] The post One Huge Pump and Dump Sent This Altcoin Soaring by Over 7,000% appeared first on BeInCrypto.

2019-11-6 18:15


Kraken clarifies its involvement with Crypto Capital after Molina Lee’s arrest

On 26 October, Bitcoin was on a roller coaster that only went up. The coin broke the $9000 market within hours, going on to briefly cross the $10,000 mark. According to CoinMarketCap, the king coin recorded a hike of over 20 percent over the past day and was trading at an aggregated value of $9218, […] The post Kraken clarifies its involvement with Crypto Capital after Molina Lee’s arrest appeared first on AMBCrypto.

2019-10-26 16:45


Statizex ICO

We defined our development strategy based on empirically acquired knowledge and on the analysis of the work of existing platforms. We spent a lot of time, effort and money developing the statizex platform, faced many challenges and solved many technological issues during its creation, this allowed us to develop a trading platform that fully meets the modern market requirements and high modern technological standards of speed and safety.

2019-10-24 21:03


Fetch.ai partners with Grey Swan Digital to build decentralized derivatives framework

Fetch. ai, a decentralized search and a value exchange platform for various autonomous economic agents, and Grey Swan Digital, a blockchain network for the creation and trading of customized derivatives, today announced they’ve entered into an agreement to integrate their platforms in order to offer ‘smart market-making’ and ‘smart margin lending.

2019-10-23 19:24


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Here’s why Stratis (STRAX), Band Protocol (BAND), WazirX (WRX) are soaring

Certain digital assets are catching the eye of investors as they experience substantial price surges. Three tokens, Stratis (STRAX), Band Protocol (BAND), and WazirX (WRX), have joined the Loom Network and BIG TIME surge and are currently making waves in the crypto market, each driven by distinct factors.

WazirX says Binance controls its WRX token

India’s top crypto exchange WazirX said Binance conducted the initial exchange offering (IEO) for its WRX token and still controls the token supply. In a May 16 statement, the WazirX team clarified the token’s management, saying Binance kept all the proceeds from the IEO — about $2 million — for itself.

This Meme Coin Is Leading Crypto Market Gains, Here’s Why

Floki Inu, a meme coin, has emerged as one of the best performers in the crypto market in the last day. Where other cryptocurrencies in the space are seeing low single-digit gains, the meme coin has been able to mount an impressive rally, leading to double-digit gains.