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Home»ALTCOIN NEWS»Binance Announces Support for Low-Cost Altcoin That Surged 200% This Month
ALTCOIN NEWS

Binance Announces Support for Low-Cost Altcoin That Surged 200% This Month

By Crypto FlexsSeptember 17, 20242 Mins Read
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Binance Announces Support for Low-Cost Altcoin That Surged 200% This Month
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The world’s largest cryptocurrency trading platform by trading volume is launching futures trading on a little-known altcoin that has surged 200% this month.

Cryptocurrency exchange Binance has announced that it is launching futures contracts with up to 75x leverage for UXLINK, a decentralized social network powered by blockchain technology.

“Binance Futures will launch UXLINK/USDT perpetual contract…

The maximum funding rate for the aforementioned perpetual contracts is +2.00%/-2.00% at launch. The funding fee settlement frequency is 4 hours.”

UXLINK is trading at $0.454 at the time of writing, having tripled in value since it was trading at $0.151 on September 1. The project has a market cap of $78,684,000, making it the 453rd largest cryptocurrency.

According to UXLINK’s white paper, the project aims to “become the largest-scale social platform and infrastructure focused on true real-world, two-way connectivity.”

“UXLINK features a range of user-friendly Dapps (decentralized applications) that seamlessly integrate into (messaging platform) Telegram and other real-world social platforms. These applications include onboarding, graph building, group tools, and socialized Web3 interactions. The breakthrough lies in encrypting and standardizing real-world groups, transforming them into Web3 operational units. This innovative approach positions groups as the focal point of Web3 applications, making a significant step forward in the innovation of social and virtual interactions.”

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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.

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