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Cryptocurrency exchange Binance has added a new altcoin to its listing. The crypto exchange recently announced that BRC-20 Sats (1000SATS) will be listed. Here are the essentials about Binance’s new listing.
Binance, the largest cryptocurrency exchange by volume, announced it will list BRC-20 Sats (1000SATS), an altcoin created to honor Bitcoin‘s inventor Satoshi Nakamoto. Accordingly, 1000SATS will be listed in trading pairs 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY today at 15:00 Turkey Standard Time.
Binance has initiated the deposit process for users who want to prepare for trading 1000SATS. Withdrawal operations for 1000SATS will commence on December 13 at 15:00 Turkey Standard Time. In addition, Binance will add 1000SATS as a new borrowable asset in Isolated Margin with the trading pair 1000SATS/USDT starting from today at 15:00 Turkey Standard Time for 48 hours.
Following the listing announcement, the price of 1000SATS increased by over 70%. Before the announcement, the altcoin was trading at $0.0000002510, and after the announcement, it surged by 74.28%, reaching $0.0000003548.
What is the BRC-20 Token Sats (1000SATS)?
SATS is a BRC-20 token created to honor Satoshi Nakamoto, the inventor of Bitcoin. SATS is an abbreviation for Satoshi, the smallest unit of Bitcoin. One satoshi is equal to 0.00000001 BTC. 1000SATS is 1000 times of one SATS.
1000SATS is a memetoken, and the code for the altcoin was written by an anonymous team.
