Binance announces the listing of GNS. The token rate jumps by 68%

The platform will open spot trading of the asset in pairs with BTC and USDT

17.02.2023 - 10:45

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What’s new? On February 17, crypto exchange Binance announced the listing of the Gains Network (GNS) token in the Innovation Zone, after which the rate of the asset jumped by 67,74%, from $7,44 to $12,48. Trading in pairs with BTC and USDT will be open at 11:30 UTC, and the possibility of withdrawals for coins will be available on February 18 at 11:30 UTC. In addition, within 48 hours of listing, Binance will add GNS as a new leveraged asset for a margin pair with USDT. As of 10:30 UTC, GNS has corrected to $11,33.

Information on the Binance website

What is known about the Innovation Zone? It allows trading new tokens, which, compared to other assets, have more volatility and, as a consequence, carry higher risks. In order to trade in this designated zone, users need to fill out an application for assuming all risks (“Initial Disclaimer”). In addition, no restrictions are imposed on trading pairs in this zone.

What is known about Gains Network? It is a decentralized trading platform that runs on Polygon and Arbitrum blockchains and allows leveraged trading. Gains Network provides users with various types of assets, including cryptocurrencies, non-fungible tokens (NFTs), forex, and stocks. GNS is the platform’s utility token.

After listing on Binance, according to analysts, assets appreciate an average of 41%. For example, the rate of the MAGIC tokenrose by 75% in December 2022, while OSMO gained 24% in October. The token of the Aptos blockchain platform increased by 10 000% immediately after the opening of trading on Binance. On January 18, the rate of the Rocket Pool (RPL) token increased by 24%.

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