One layer-1 altcoin is surging after a shock itemizing by Binance, the world’s largest crypto alternate by buying and selling quantity.
In a brand new announcement, Binance says that it’s launching futures contracts with as much as 75x leverage for Viction (VIC), previously often called TomoChain.
Because the itemizing announcement went out, VIC exploded and is presently up 81% within the final 24 hours, buying and selling for $0.36 at time of writing. With a market cap of $42.3 million, VIC is the 694th largest crypto undertaking.
Viction goals to create a community of apps on its blockchain by providing zero-gas transactions, enhanced safety and improved scalability. The community says it employs 150 masternodes using a Proof-of-Stake (PoS) consensus.
“Viction is a people-centric blockchain, providing zero-gas transactions and enhanced safety to make Web3 straightforward and secure for everybody. Now with Viction World Broad Chain, we offer a novel resolution representing a community of app chains that function concurrently, anchored by a standard settlement on Viction. Construct, personal, win, and be a part of Viction World Broad Chain the place everybody scales past limits.”
Final yr, the undertaking mentioned it surpassed 4,000,000 on-chain addresses and onboarded 150 tasks.
In November 2023, TomoChain was rebranded as Viction, a mix of “Imaginative and prescient” and “Victory.”
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