Binance Officially Announces Listing of Bitcoin-Based Meme Coin!

0

Binance, one of the leading exchanges in the cryptocurrency world, created the BRC-20 token in tribute to Satoshi, the name behind Bitcoin. 1000SATS to list announced. This listing comes as controversy continues surrounding similar meme tokens, particularly the recent turmoil involving the RATS project and its conflict with Gate.io.

Spot trading of 1000SATS will be launched starting today and will be listed in three different parities: USDT, FDUSD and Turkish Lira. Users can initiate deposits in preparation for the start of trading and withdrawals will begin tomorrow. Interestingly, Binance sent a positive signal at first glance by stating that it will not charge a listing fee for 1000SATS.

In addition to spot trading, Binance will also activate margin trading with 1000SATS. It will become a loanable asset in the Isolated Margin system with USDT parity within 48 hours from the start of spot trading. This move expands the token’s usage area and offers new ways for investors to interact with the token.

It is important to note the importance of this move in the cryptocurrency world. BitcoinSATS, the smallest unit of , is the basis for this meme token. Equivalent to 1000 times the value of SATS, 1000SATS is a fun yet meaningful tribute to Satoshi and the base unit of Bitcoin. However, it is very important to recognize that 1000SATS is a meme token designed by an anonymous team. This is interpreted as a layer that creates an air of mystery around its development and future trajectory.

BinanceThe timing of ‘s announcement is not coincidental. Recent turmoil within the community, particularly the conflict involving Gate.io and the RATS project, has sparked controversy and allegations of price manipulation. Supporters of the RATS token have encouraged a movement to boycott the exchange, accusing Gate.io of engaging in deceptive practices to distort trading volumes and influence prices.


source site-6