Home Crypto Binance declares giveaway for IOTX coins

Binance declares giveaway for IOTX coins

by Safdarali Rizvi
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Binance has recently declared a giveaway of small, non-popular coin; IOTEX [IOTX]. Binance has lately declared the listing of IOTEX [IOTX]. On the 1st June 2018. IOTX was started for trading across the pairs – IOTX/BTC and IOTX/ETH on the Exchange. Some of the customers as well as Investors have also started depositing IOTX at the same time when it was opened for trading. To know more about crypto-trading, read our detailed post on Binance Guide.

Binance also tweeted,

“20,000,000 IOTX to Give Away in a Lucky Draw & Trading Competition! https://support.binance.com/hc/en-us/articles/360004777071 …”

After this, one Twitter user said,

“Thanks for pumping my IOTX and my LOOM bags!”

Before the notice of Binance, the position of the coin was #200 on CoinMarketCap and it was being traded at a price of $0.03 with a market cap of $39 million. As per details of AMBCrypto, following the notice of the giveaway by Binance, the coin has jumped to #187 position with a trading price of $0.041 and a market cap of $47 million. Presently, the coin is at #194 position with a trading price of $0.036. Bittmint is a popular website, which provides latest updates from Crypto-Market.

In the last one month, Binance has listed five coins on its exchange, Theta [THETA], Civic [CVC], Skycoin [SKY], ZenCash [ZEN], and TrueUSD [TUSD]. The position of all these coins has been pumped high.

On the other hand, Cobo wallet will soon support TRON Blockchain upgrade and token mitigation. As per the details, Investors only have to deposit TRX’s ERC-20 tokens to the Cobo Wallet in June 2018 and then they will receive an equivalent amount of TRX token in mainnet launch.

Cobo wallet allows one to send and receive up to 20 Cryptocurrencies along with BTC, ETH, LTC, DASH, OMG, ZEC, XRP, BCH, and EOS. Apart from this, the wallet provides the best security in both hot and cold wallet conditions.

In a recent tweet Justin sun, founder of Tron said,

“Binance will support the Tron (TRX) Mainnet Token Swap and will suspend withdrawals for Tron (TRX) starting from 2018/06/24 0:00 AM (UTC). Binance will handle all technical requirements involved for all users holding TRX.”

Binance is one of the most popular exchanges among investors and traders. It was started in 2017 and now it has one of the world’s multi-language exchange platform. The exchange is well-known because it provides better security and low-transaction cost. Binance is one of the main reason why coins have been pumped up in Crypto-market.

Hence, Binance declares the giveaway of IOTX and the coin pumps 10 positions ahead.

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