The world’s largest crypto trade platform by quantity is launching futures buying and selling for one Ethereum (ETH)-based altcoin that’s jumped over 50% in every week.
In a brand new announcement, crypto trade Binance says that will probably be launching futures contracts with as much as 50x leverage for Powerledger (POWR), a decentralized power market constructed on high of ETH that democratizes power tokens.
In response to Powerledger’s official web site, the crypto asset goals to help the decentralization of the power grid, assist transition towards renewable power, and assist shoppers hold observe of their energy utilization.
“We purpose to steer the worldwide democratization of the power market in a method the place individuals have entry to the power they want, can take part straight in power markets and enhance their lives and the lives of others…
Our mission is to empower atypical residents and companies alike, in order that their renewable power era, storage and shopping for energy is harnessed in an optimum method. Our mission contains bringing continuity in transmission and distribution that’s much less liable to traditional grid failures.”
In response to Binance, futures contracts for Powerledger will begin being supplied as quickly as tomorrow.
POWR is buying and selling for $0.247 at time of writing, a 22.5% lower over the past 24 hours however a 59% improve since October nineteenth, when it was transferring for $0.156.
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