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January 17, 2022
Alt Coin

New Altcoin Built on Polkadot (DOT) Explodes After Launch, Gets Quick Listing From Binance

An eagerly anticipated Polkadot-based challenge is lighting up the night time sky after crypto alternate Binance introduced plans to checklist the token.

Moonbeam (GLMR) is a great contract platform appropriate with the Ethereum Virtual Machine (EVM) that capabilities as a Polkadot parachain. The challenge goes past Ethereum’s base options by additionally providing staking, on-chain governance and cross-chain integrations.

The challenge highlighted its launch by way of a sequence of tweets.

“Moonbeam is the primary absolutely operational parachain on Polkadot.

Moonbeam’s profitable launch follows a broadly supported crowdloan marketing campaign hosted by the Moonbeam Foundation! 35M+ DOT tokens (~$944M USD on the time the crowdloan ended) had been contributed from 200k contributors worldwide.”

The freshly minted altcoin was launched yesterday at a price of $10.57, then surged by 84.4% to a excessive of $19.50.

Moonbeam has since corrected and at the moment trades for $13.47 for an general achieve of 27.4% since first being listed.

Moonbeam’s sister challenge Moonriver (MOVR) additionally noticed its price go vertical after being listed by Binance again in early November. MOVR operates on Kusama (KSM), Polkadot’s canary community.

Polkadot (DOT) is the #9 crypto asset by market cap and valued at $25.72. The interoperability challenge just lately launched its parachain function.

Binance says GLMR will likely be accessible within the Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) buying and selling pairs.

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Featured Image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

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