Key Points
- Binance introduced the itemizing VELODROME/USDT immediately, and withdrawals will open on December 14.
- VELODROME’s worth spiked by over 155% following the announcement.
Binance introduced that Velodrome Finance (VELODROME) can be listed later immediately.
Trading will open with VELODROME/USDT pair at 14:00 (UTC) and withdrawals will open tomorrow, December 14, at 14:00 (UTC).
According to Binance’s announcement, customers can begin depositing VELODROME two hours later in preparation for buying and selling.
The token’s itemizing price can be 0 BNB.
Also, the change famous that the Seed Tag can be utilized to VELODROME. Binance applies this tag to newer tasks which could exhibit larger volatility in comparison with different already listed tokens. Users ought to do their very own analysis earlier than deciding to put money into these tasks.
Following the change’s announcement, VELODROME skilled a notable spike in its worth.
VELODROME Price Surges Significantly
Ahead of Binance’s itemizing announcement, VELODROME was buying and selling round $0.14 immediately, however following the change’s notes, its worth spiked significantly, peaking above $0.41, forward of a slight correction afterward to round $0.39.
At the second of writing this text, VELODROME has a market cap of over $342 million, up by greater than 155% immediately.
VELODROME‘s complete provide is 1.93 billion tokens.
What is Velodrome Finance (VELODROME)?
Velodrome Finance is an automatic market maker (AMM) designed to function the liquidity hub for the Superchain, in response to the official website of the mission.
Velodrome NFTs vote on token emissions and obtain incentives and charges generated by the protocol.
Here are the principle options supplied by Velodrome:
- Stable and risky buying and selling for low charges
- 100% of protocol incentives and charges go to voters
- Liquid-locked positions within the type of NFTs
- Permissionless swimming pools, gauges, and incentives
- Self-optimizing liquidity flywheel
- Anti-dilution rebases for voters
The platform is designed to reward contributors who allow the sustainable progress of the protocol. Velodrome operates on the Optimism Network.
