MASK rate rises by 86% after the announcement of Binance index contract launch
The basket of Bluebird Index also includes Binance Coin and Dogecoin
02.11.2022 - 11:00
433
1 min
0
What’s new? The platform Binance Futures announced the launch of USDⓈ-M Binance Bluebird Index perpetual contracts with up to 25x leverage. The launch will take place on November 2, 12:00 UTC on the platform Bluebird futures. The index is denominated in Tether (USDT) stablecoins and tracks Binance Coin (BNB), Dogecoin (DOGE), and Mask Network (MASK). The news led to an 86% increase in the MASK token (Binance’s data).
Announcement on the Binance website
What else is known? Binance Bluebird Index is calculated using a formula that includes the weighted averages of its constituent tokens (BNB, DOGE, and MASK) real-time prices on the Binance Spot.
Following the announcement, the rate of MASK soared from $2,398 to peak values of $4,48, dropping to $3,64 at the time of this writing (November 2, 10:50 UTC).
The Mask Network (MASK) is a protocol that allows one to send encrypted messages on the social networks Twitter and Facebook. It was created by Suji Yan in July 2019. The main goal of the project is to increase privacy when communicating online, sharing cryptocurrency and files, and using decentralized applications (dApps).
On October 31, the staking platform of Binance launched DEX Hashflow, which connects traders with professional market makers. Users can earn native tokens of Hashflow (HTF) by staking BNB tokens and Binance USD (BUSD) stablecoins. As a result of the launch, the rate of BNB increased by 7,5%.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 573
BTC
+2.96%
-
Ethereum
$3 357.38
ETH
+8.68%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.37
XRP
+23.91%
-
Dogecoin
$0.391834
DOGE
+3.34%
-
Cardano
$0.867456
ADA
+10.95%
-
Bitcoin Cash
$493.96
BCH
+10.01%
-
Polkadot
$6.15
DOT
+10.26%
-
Stellar XLM
$0.281977
XLM
+16.82%
-
Litecoin
$89.94
LTC
+6.79%