Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has made new announcements for various altcoin projects. After the announcements of the stock market, there was an increase in the price of altcoin projects in the statements. Here are the details…
Binance launches two new campaigns for BAND
cryptocoin.com As we reported, the largest crypto exchange Binance’s Simple Earn service has launched two new promotions for BAND on Locked Goods. To enjoy exclusive APR and receive 20 BAND rewards, BAND Unlocked Products subscriptions must be completed by February 24, 2023, 15:00 UTC. Various rewards will be given if users deposit and subscribe to BAND locked products. The campaign period will end on March 5, 2023. You can see the details of the campaign in the table below:
The second promotion includes giving users 20 BAND after subscribing to locked BAND products. During the promotion period, users who meet the following requirements will be eligible to participate in this promotion:
- Get a net purchase amount of 100 BAND or more (where net purchase amount is expressed as the total amount of BAND purchased on Binance Spot less the amount of BAND sold on Binance Spot).
- Participate in BAND locked product services for 60 or 120 days.
According to the exchange’s statement, for this promotion, the first 400 users who meet the above requirements will each receive 20 BAND tokens. BAND rewards for this will be allocated to buyers’ Binance wallets within three weeks after the promotion ends. It is worth noting that after this development, the BAND price jumped from $2.12 to $2.22.
Adding new coins to isolated and cross margin transactions
On the other hand, the stock market made new statements for COCOS BCX (COCOS) and SelfKey (KEY). According to the exchange announcement, COCOS and KEY have been added as loanable assets to cross and isolated margin trades. In addition, new pairs for coins such as AGIX, HIGH, KEY, PHB are also listed. As a result, the newly opened margin trading pairs are as follows:
- New cross-margin pairs: AGIX/USDT, COCOS/USDT, HIGH/USDT, KEY/BUSD, PHB/USDT
- New isolated margin pairs: AGIX/USDT, COCOS/USDT, KEY/BUSD, PHB/USDT
After this announcement, there was a jump especially in the price of COCOS and KEY. COCOS rose from $2.41 to $2.79. At the time of writing, the coin has pulled back to $2.52 with a 4.2 percent rise. On the other hand, KEY rallied from $0.01220 to $0.0149. But at the time of writing, it has retracted 3.8 percent. SingularityNET (AGIX) rose from $0.39 to $0.42. However, like the others, it suffered a slight loss of momentum. HIGH and PHB also recorded decreases of 3-4 percent.
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