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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 is going to 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.
Based on Powerledger’s official website, the crypto asset goals to assist the decentralization of the vitality grid, assist transition towards renewable vitality, and assist shoppers maintain monitor of their energy utilization.
“We purpose to guide the worldwide democratization of the vitality market in a approach the place folks have entry to the vitality they want, can take part instantly in vitality markets and enhance their lives and the lives of others…
Our mission is to empower odd residents and companies alike, in order that their renewable vitality era, storage and shopping for energy is harnessed in an optimum approach. Our mission consists of bringing continuity in transmission and distribution that’s much less liable to standard grid failures.”
Based on 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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Featured Picture: Shutterstock/Area creator/Vladimir Sazonov
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