The world’s largest crypto alternate platform by quantity is launching futures buying and selling for one Ethereum (ETH)-based altcoin that’s jumped over 50% in every week.
In a brand new announcement, crypto alternate Binance says that will probably be launching futures contracts with as much as 50x leverage for Powerledger (POWR), a decentralized power market constructed on prime of ETH that democratizes power tokens.
In keeping with Powerledger’s official website, the crypto asset goals to help the decentralization of the power grid, assist transition towards renewable power, and assist customers maintain monitor of their energy utilization.
“We purpose to steer the worldwide democratization of the power market in a manner the place folks have entry to the power they want, can take part immediately in power markets and enhance their lives and the lives of others…
Our mission is to empower peculiar residents and firms alike, in order that their renewable power technology, storage and shopping for energy is harnessed in an optimum manner. Our mission contains bringing continuity in transmission and distribution that’s much less liable to standard grid failures.”
In keeping with Binance, futures contracts for Powerledger will begin being supplied as quickly as tomorrow.
POWR is buying and selling for $0.247 at time of writing, a 22.5% lower over the past 24 hours however a 59% improve since October nineteenth, when it was shifting for $0.156.
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