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 it is going to be launching futures contracts with as much as 50x leverage for Powerledger (POWR), a decentralized vitality market constructed on high of ETH that democratizes vitality tokens.
In keeping with Powerledger’s official web site, the crypto asset goals to assist the decentralization of the vitality grid, assist transition towards renewable vitality, and assist customers hold monitor of their energy utilization.
“We purpose to guide the worldwide democratization of the vitality market in a means the place individuals have entry to the vitality they want, can take part straight in vitality markets and enhance their lives and the lives of others…
Our mission is to empower odd residents and firms alike, in order that their renewable vitality era, storage and shopping for energy is harnessed in an optimum means. Our mission contains bringing continuity in transmission and distribution that’s much less liable to traditional 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 last 24 hours however a 59% improve since October nineteenth, when it was shifting for $0.156.
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Featured Picture: Shutterstock/House creator/Vladimir Sazonov
