1000SATS meme token rises by 160% after listing on Binance
The asset is available for trading in pairs with USDT, FDUSD, and TRY
12.12.2023 - 12:40
130
2 min
0
What’s new? Binance added the Sats meme token to the platform under the ticker 1000SATS. Trading of the asset on the spot market in pairs with USDT and FDUSD stablecoins, as well as the Turkish lira, opened on December 12, 12:00 UTC, with withdrawals becoming available a day later. Also, 1000SATS will be added as a leveraged asset in an isolated margin pair with USDT two days after listing. After listing on Binance, the Sats exchange rate rose 160% to $0,000631.
What else is known? The asset was added to the platform with a Seed Tag, which is assigned to new projects that may demonstrate higher volatility and risk compared to other tokens listed on Binance. The exchange team emphasized that 1000SATS is a meme token created by a team of anonymous developers.
The Sats asset is launched based on the BRC20 standard on the bitcoin network as a tribute to the creator of the first cryptocurrency known as Satoshi Nakamoto. In addition, Satoshi is referred to as the smallest fractional part of bitcoin (0,00000001 BTC). Thus, an asset under the ticker 1000SATS is equal to one thousand Satoshi or 0,00001 BTC.
The total supply of the meme token is 2,1 quadrillion Sats. At the time of writing, over 21,5 million transactions have been conducted with the asset, and 45 565 users hold it.
US Department of Commerce has recognized bitcoin NFTs as cyber threat
Experts referred to the statements of the Bitcoin Core client developer and included the vulnerability in the national registry
On December 13, Binance will launch token farming of the Fusionist (ACE) gaming project, users will be able to block BNB and FDUSD to earn ACE for five days, after which the asset will be listed.
Useful material?
Telegram 
Twitter Market
The ex-official known for his initiatives to explore the potential of blockchain in the financial system has joined the board of directors of a fintech company
May 14, 2024
Business
Earlier, Brad Garlinghouse claimed apparent harassment of the company by the US authorities
May 14, 2024
Crypto regulations
According to Brad Garlinghouse, the magnitude of the impact of such harassment on the crypto ecosystem is beyond prediction
May 13, 2024
Crypto regulations
The condition is part of the exchange’s agreement with authorities to plead guilty to regulatory violations
May 13, 2024
Market
The USDT issuer responded by saying that the report lacked sufficient data to support such claims
May 10, 2024
Incidents
The breach was reported to Binance by the head of its monitoring department, who was later fired
May 9, 2024
Cryptocurrency rates
-
Bitcoin
$62 492
BTC
+1.62%
-
Ethereum
$2 912.27
ETH
+0.4%
-
BNB Smart Chain
$569.68
BSC
-2.86%
-
Ripple
$0.501216
XRP
-0.28%
-
Dogecoin
$0.149793
DOGE
+0.75%
-
Cardano
$0.433403
ADA
+0.06%
-
Polkadot
$6.64
DOT
+0.92%
-
Bitcoin Cash
$430.27
BCH
-1%
-
Litecoin
$78.83
LTC
-2.19%
-
Stellar XLM
$0.102792
XLM
-0.31%