Users of the world’s largest crypto exchange by volume have voted to add three new altcoins to the trading platform.
In a new announcement, Binance says traders that use its services have voted to add decentralized investment banking protocol Ondo (ONDO), blockchain-based multiplayer role-playing game Big Time (BIGTIME), and artificial intelligence (AI)-based gaming protocol Virtuals Protocol (VIRTUALS) to its suite of crypto products.
Binance says the trio of assets will be added with a seed tag, which warns investors that they may display higher levels of volatility compared to other digital assets.
“ONDO, BIGTIME, and VIRTUAL are relatively new tokens that pose a higher than normal risk, and will likely be subject to high price volatility. Users must exercise sufficient risk management and DYOR (do your own research) to fully understand the projects before opting to trade the tokens.
Seed tags represent innovative projects that may exhibit higher volatility and risks compared to other listed tokens. Seed tags will be applied to ONDO, BIGTIME, and VIRTUAL.”
News of the additions sent the assets flying. ONDO is trading for $0.887 at time of writing, a 8.6% gain during the last day, while BIGTIME and VIRTUAL are valued at $0.071 and $0.523, respective gains of 16.3% and 16.8% during the last 24 hours.
Last month, Binance’s first batch of “vote to list” digital assets – which included memecoins Mubarak (MUBARAK), CZ’S Dog (BROCOLLI714), Tutorial (TUT) and Bananas for Scale (BANANAS31) – went live and experienced extreme volatility shortly afterward.
Binance introduced its “vote to list” campaign in March, giving users a say in which projects will be added to the crypto exchange.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
Credit: Source link
