ALT, new cryptocurrency listed on Binance, increases in value by more than 5000% in minutes
Altlayer ($ALT ), a cryptocurrency listed on Binance on Thursday morning (25), reached a price of US$ 0.29 in the first few minutes after trading opened, resulting in a 5000% increase.
The digital asset was announced last week on Binance Launchpool, with the broker distributing 5% of the total supply of ALT tokens to users who staked. This translates into 500 million ALT tokens out of a total supply of 10 billion tokens.
According to the broker, 80% of these rewards were distributed to BNB stakers, while the FDUSD pool received 20% of the rewards. However, this does not necessarily mean that users earned more ALT by staking BNB instead of FDUSD. It all depends on the size of the stake value in relation to the size of the pool.
With the staking process over, users can now purchase AltLayer directly from the Binance trading page
Binance has announced the imminent removal of several spot trading pairs from its platform. According to the largest cryptocurrency exchange on the market, the pairs will be removed next Friday (26) at 00:00.
According to the announcement on Binance's official website, the trading pairs that will be removed include COMBO/BNB, CRV/ETH, IOST/ETH, NEO/ETH, QKC/ETH, QUICK/TUSD, RUNE/EUR, and WOO/BNB.
The move is part of Binance's routine assessment to ensure user protection and maintain the quality of its trading market. The exchange emphasized that the delisting is based on factors such as low liquidity and trading volume, which are crucial for a healthy trading environment.
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