Binance Selects the Artificial Intelligence-Generated Memecoin TURBO for Trading in Perpetual Futures
The cryptocurrency project known as TURBO, which was introduced in 2022, bears the distinction of being the first cryptocurrency project to be developed utilizing artificial wisdom.
Beginning today, May 30th, 2024, at 15:30 UTC, Binance Futures has announced the availability of USDT-margined perpetual futures for TURBO. These contracts will be effective immediately. Utilizers are now able to leverage TURBO positions up to 50 times thanks to this update, which broadens the trading choices available on the site.
The statement comes after a price spike of 14% for TURBO during the last hour, which may have been spurred by the anticipated of expanded accessibility via perpetual contracts.
It is worth noting that TURBO, which was introduced in 2022, boasts the distinction of being the first cryptocurrency project to be developed with the assistance of artificial intelligence more especially ChatGPT 4. This ERC-20 token places an emphasis on community engagement by providing tax-free transactions and a decentralized administrative framework.
The originator of the project gave up ownership of the smart contract, which transferred the responsibility for the project's future to the users of the platform.
It is clear that Binance is aware of the continuing memecoin movement, as seen by the listing of TURBO perpetual contracts.
Before Binance listed TURBO, it was previously accessible for trade on other cryptocurrency exchanges including as OKX, Gate.io, and HTX. Binance was the first cryptocurrency exchange to offer TURBO. The fact that the token is available to a larger audience indicates that it already has a user base. The cryptocurrency known as TURBO is classified as a mid-cap cryptocurrency due to its current market capitalization of $424 million that it has.
