The Popular Cryptocurrency Exchange Binance Is Listing a New Altcoin! The Price Has Taken Flight

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The world’s largest cryptocurrency who has an exchange Binance, with an early morning announcement that a new altcoin he announced that he would list it. After Binance’s announcement, the price of altcoin took off. Here are the details;

Binance Lists a New Altcoin

Popular cryptocurrency exchangeBinance, released a new announcement earlier in the day. According to Binance’s announcement, the crypto currency exchange will list a new altcoin on its platform later today. According to Binance’s statement BENQI (QI) it will start listing on Binance today.

Binance made a statement at 11:00 today BENQI he announced that he would start trading for. Immediately after the listing, users will be able to trade in the trading pairs QI/BTC, QI/BNB, QI/BUSD and QI/USDT.

Binance the announcement by then in the following way;

“Binance will list BENQI (QI) and open trading for the trading pairs QI/BTC, QI/BNB, QI/BUSD and QI/USDT on 08:00 (UTC), 2021-11-15 (at 11:00 Turkish time). Users can now start depositing QI in preparation for trading. Withdrawals for QI will be opened on 2021-11-16 08:00 (UTC

Note: Binance will only support QI AVAX C-Chain token deposits and withdrawals. The withdrawal open time is an estimated time for users’ reference. Users can see the actual status on the withdrawal page”

The Price Has Taken Flight

Binanceas always, the listing announcement BENQIit also affected the , and the price took flight immediately after the announcement. So much so that BENQI was trading at 0.17 dollar levels before the announcement, while it experienced a 50% increase with Binance’s announcement and rose to 0.27 dollar levels.

Crypto currency as of the moment this content was written, according to CoinMarketCap data, it continues to see trading at the level of 0.25 dollars, which is an increase of 41% in the last 24 hours.

What is BENQI?

BENQI, Avalanche it is a lending and borrowing protocol built on it. QI is the governance token of the protocol, which allows users to participate in network management, provide liquidity and earn rewards in exchange for staking.

The QI token is a local asset on Avalanche, including the Treasury BENQI it controls the entire ecosystem of its protocol and future iterations of the protocol.

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