One layer-1 altcoin is surging after a surprise listing by Binance, the world’s largest crypto exchange by trading volume.
In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Viction (VIC), formerly known as TomoChain.
[adinserter block="1"]As the listing announcement went out, VIC exploded and is currently up 81% in the last 24 hours, trading for $0.36 at time of writing. With a market cap of $42.3 million, VIC is the 694th largest crypto project.
Viction aims to create a network of apps on its blockchain by offering zero-gas transactions, enhanced security and improved scalability. The network says it employs 150 masternodes utilizing a Proof-of-Stake (PoS) consensus.
“Viction is a people-centric blockchain, offering zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. Now with Viction World Wide Chain, we provide a novel solution representing a network of app chains that operate concurrently, anchored by a common settlement on Viction. Build, own, win, and be part of Viction World Wide Chain where everyone scales beyond limits.”
Last year, the project said it surpassed 4,000,000 on-chain addresses and onboarded 150 projects.
In November 2023, TomoChain was rebranded as Viction, a combination of “Vision” and “Victory.”
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