Binance, the world’s largest Bitcoin and cryptocurrency exchange, lists 2 new altcoins. The exchange will list BarnBridge (BOND) and Enzyme (MLN) and start trading for BOND/BTC, BOND/BNB, BOND/BUSD, BOND/USDT, MLN/BTC, MLN/BNB, MLN/BUSD and MLN/USDT. With the listing announcement of the stock market, 2 altcoin projects also jumped. Let’s look at the details of the listing process together…
Bitcoin giant Binance lists 2 new altcoins
Giant Bitcoin and cryptocurrency exchange Binance lists 2 new altcoins. The exchange made the listing announcement with the following statement:
Binance will list BarnBridge (BOND) and Enzyme (MLN) and buy for BOND/BTC, BOND/BNB, BOND/BUSD, BOND/USDT, MLN/BTC, MLN/BNB, MLN/BUSD and MLN/USDT trading pairs will start the sale on 05.07. 2021. Users can now start depositing BOND and MLN on the stock market in preparation for trading. Withdrawal processes for BOND and MLN will open on 06.07. 2021. Note: The withdrawal open period is a time for users’ reference. Users can see the real status on the withdrawal page. BOND and MLN Listing Price: 0 BNB.
With the listing announcement of the stock market, 2 altcoin projects also jumped. BarnBridge (BOND) price saw an increase of about 15 percent and climbed from $34 to $38.6. Enzyme (MLN) price increased by 26 percent. The cryptocurrency rose from $ 76.7 to $ 96.8.
What is BarnBridge (BOND)?
Founded in 2019, BarnBridge is a protocol for tokenizing risks. It was released in September 2020. The platform is a kind of DeFi lego for creating tradable tokens that expose the consumer to market volatility. BOND is an Ethereum token that manages BarnBridge, a protocol that allows users to guard against DeFi yield sensitivity and price volatility.
Its first application, SMART Yield, allows users to choose between risk profiles for lending in DeFi protocols such as Aave and Compound. Using SMART Yield, senior bond investors can get fixed rates with potentially lower risk, while junior bond investors can get higher rates with higher risk. On June 25, Coinbase listed BarnBridge (BOND) on Coinbase Pro.
What is Enzyme (MLN)?
As previously reported as , Enzyme, formerly known as Melon Protocol, is an on-chain asset manager that allows users to distribute their crypto trading strategies via vaults. MLN is the native token of the platform and is paid indirectly as the GAS price by Enzyme users in a buyback and burn token model.
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