Crypto NewsPolkadot (DOT)

New altcoin based on Polkadot (DOT) explodes after launch and receives quick listing from Binance

A highly anticipated project Polkadot-Base lights up the night sky after crypto exchange Binance announced plans to list the token.
Moonbeam (GLMR) is a smart contract platform that works with the Ethereum Virtual Machine (EVM), which is called PolkadotParachain acts. The project goes beyond Ethereum’s basic functionality by also offering staking, on-chain governance and cross-chain integrations.

The project highlighted its start in a series of tweets.

“Moonbeam is the first fully functional parachain on Polkadot.

The successful launch of Moonbeam follows a widely supported crowdloan campaign hosted by the Moonbeam Foundation! Over 35 million DOT tokens (~ $ 944 million at the time the crowdloan ended) were donated by 200,000 donors worldwide. “

The freshly minted altcoin was released yesterday at a price of $ 10.57, then rose 84.4% to a high of $ 19.50.

Moonbeam has since corrected and is currently trading at $ 13.47, an overall gain of 27.4% since its initial listing.

Moonbeam’s sister project Moonriver (MOVR) also rallied vertically after being listed by Binance in early November. MOVR is working on Kusama (KSM), the Canarian network of Polkadot.

Polkadot (DOT) is the # 9 crypto asset after Market capitalization and is valued at $ 25.72. The interoperability project recently introduced its parachain function.

Binance says GLMR in trading pairs Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) Will be available.
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Source: Crypto News Deutsch

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