Binance announces support for cryptocurrency that has soared 200% this month

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Binance announces support for cryptocurrency that has soared 200% this month
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Binance has announced the launch of futures contracts for altcoin UXLINK, a cryptocurrency that saw a 200% surge in value in September. UXLINK, a decentralized social platform based on blockchain technology, is now gaining more visibility with the support of Binance.

According to the exchange’s official announcement, Binance Futures has introduced the UXLINK/USDT perpetual contract, allowing investors to trade with up to 75x leverage. This move has the potential to attract traders looking to make quick profits, especially given the recent surge in UXLINK’s value, which jumped from $0.151 in early September to $0.454, tripling in value in less than a month.

UXLINK is a project that aims to transform the way social interactions occur in the digital environment. Based on blockchain technology, the project aims to become the largest decentralized social platform. Its focus is to create authentic, two-way connections in the real world.

According to the UXLINK white paper, the platform offers a series of decentralized applications (Dapps) integrated with Telegram and other social platforms, providing social interaction tools in the Web3 environment.

These applications include onboarding new users, social graph formation, group tools, and decentralized interactions. One of the project’s major innovations is the ability to encrypt and standardize real-world groups, transforming them into operational units on the Web3. This promises to revolutionize social and virtual interactions.

Binance’s support for UXLINK reflects the market’s growing interest in altcoins that offer technological solutions that seek to bridge the world of web2 with web3 or transition between the models.

With a market cap of $78.6 million, UXLINK currently ranks 453rd in the global cryptocurrency rankings. Despite being a low-cap altcoin, its exponential growth throughout September shows that the project has gained strong traction among investors.

Binance announces support for cryptocurrency that has soared 200% this month

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Binance announces support for cryptocurrency that has soared 200% this month

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Binance announces support for cryptocurrency that has soared 200% this month

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