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 per week.
In a brand new announcement, crypto trade Binance says that it will likely be launching futures contracts with as much as 50x leverage for Powerledger (POWR), a decentralized vitality market constructed on prime of ETH that democratizes vitality tokens.
In accordance with Powerledger’s official web site, the crypto asset goals to help the decentralization of the vitality grid, assist transition towards renewable vitality, and assist customers preserve observe of their energy utilization.
“We goal to guide the worldwide democratization of the vitality market in a means the place folks have entry to the vitality they want, can take part immediately in vitality markets and enhance their lives and the lives of others…
Our mission is to empower bizarre residents and firms alike, in order that their renewable vitality technology, storage and shopping for energy is harnessed in an optimum means. Our mission consists of bringing continuity in transmission and distribution that’s much less liable to standard grid failures.”
In accordance with Binance, futures contracts for Powerledger will begin being provided as quickly as tomorrow.
POWR is buying and selling for $0.247 at time of writing, a 22.5% lower over the last 24 hours however a 59% enhance since October nineteenth, when it was transferring for $0.156.
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