Overview on Binance Cryptocurrency Exchange
Binance is a cryptocurrency exchange founded in 2017 by a Chinese-Canadian business executive, Changpeng Zhao in China. The company currently has its headquarters in due to a ban on cryptocurrency trading in China. Binance is a favorite exchange to its users because of its fast performance, safety, ease of use and multilingual support. Binance has mobile applications for all of its services available for downloads both on the Android and IOS app stores.
Every month Binance conducts a community voting system to select the next cryptocurrency to list on the platform. The results of this polls means every month a new cryptocurrency gets into the Binance cryptocurrency listing board.
Let us look at some of the latest cryptocurrency trading pairs listed on the Binance exchange.
Last month Polymath (Poly) emerged the winner of the Binance online community poll. As a norm, the poll winner gets a free listing space on Binance. Binance opened trading for the pairs POLY/BTC and POLY/BNB immediately on July. 31. 2018 At 10:00 AM (UTC). Furthermore, users can deposit POLY on their Binance accounts any time and continue trading on the platform.
POLY is a new cryptocurrency that joined the crypto market on 3 Feb. 2018. The cryptocurrency is based on the Proof of Work consensus Algorithm (PoW). Additionally, POLY has maximum supply cap of 1,000,000,000 tokens and currently there are about 282,365,107 POLY tokens in circulation. POLY is designed on the Ethash cryptographic Algorithm. During its issuance, the cryptocurrency was valued at $0.790500.
Before listing POLY, Binance added the cryptocurrency Holo (HOT) to its long lists of cryptocurrencies. As a protocol on the cryptocurrency exchange, the community voted Holo (HOT) to list on the platform. Consequently, Binance opened trading for the HOT/BTC and HOT/ETH trading pairs on the July 24 2018 at exactly 04:00 AM (UTC). Since then users can deposit HOT on to their Binance accounts and proceed with trading the cryptocurrency.
Holo was issued on Aprill 4 2018 at an initial value of $0.0002. The cryptocurrency uses the Proof of Work Consensus Algorithm as well. HOT has a maximum supply cap of 177,619,433,541 tokens with a slightly low total supply of 133,214,575,156. However, there are 133,214,575,156 HOT tokens already in circulation. Holo is designed on the Ethash Cryptographic Algorithm.
Dock is a decentralized Data exchange system built on the Ethereum and IPFS protocols. The system aims to integrate data from different sources and seamlessly connect to other applications. DOCK has a maximum supply of 1,000,000 tokens and a total supply of the same amount. There are 429,288,629 DOCK tokens currently in circulation on the market. Moreover, DOCK is based on the Ethash cryptographic algorithm and the Proof-of-Work consensus algorithm. The cryptocurrency valued at $0.08 first showed the limelight on 21 FEB 2018.
Binance started trading DOCK/BTC and DOCK/ETH trading pairs on the 7th.07.2018 at exactly 10:00 AM (UTC).
Another popular cryptocurrency listed on Binance is Augur (REP). Augur is among the first blockchain projects to complete ICO on the Ethereum blockchain. The platform formulated a blockchain based prediction market. There is a maximum of 11,000,000 REP Tokens that can ever be produced. All those 11 million tokens are already produced and in circulation. REP had a market value of $0.58 during issuance on October 4 2016.
Furthermore, the cryptocurrency is based on the Ethash cryptographic algorithm and Proof-of-Work consensus algorithm. Binance lists REP/BNB,REP/BTC and REP/ETH trading pairs on its trading platform.
Ardor is a Blockchain as a service platform developed from the Nxt Blockchain. The cryptocurrency ARDR was issued on the 23rd.02.2016 and the Ardor platform on the 1 JAN 2018. Now Ardor hosts a ready to used interconnected blockchain. Additionally, ARDR has a max supply of 998,999,495 coins, which are all in circulation now. ARDR is based on the Proof-of-Stake consensus algorithm.
Binance opened trading for ARDR/BNB, ARDR/BTC and ARDR/ETH trading pairs on July 18, 2018.2018 at exactly 11:00 AM (UTC). Users can deposit ARDR on to their Binance accounts and enjoy trading on the platform.
Other Binance Updates
Beside, other recent updates from the cryptocurrency exchange Binance includes, the released expansion plan in Africa and the Hiring of Wei Zhou as CFO. GoChain is the next coin that will list on the platform after it emerged winner of last month’s community polls.
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