A low-cap altcoin is surging on the heels of an announcement from crypto big Binance.
The main change says it’s launching a brand new perpetual contract known as the Bluebird Index.
The index tracks the costs of Binance Coin (BNB), Dogecoin (DOGE) and Masks Community (MASK), permitting as much as 25x leverage.
The announcement despatched the worth of MASK hovering 80% in about three hours, from a low of $2.30 to as excessive as $4.16.
The Bluebird Index seems to reference Twitter and Elon Musk’s curiosity in Dogecoin, and Binance invested $500 million funding Musk’s Twitter takeover.
This index triggered immediate hypothesis on what position BNB and MASK may play in Twitter’s future.
— ?thomas (@crypto_TomTom) November 2, 2022
Masks Community payments itself as a community designed to carry Web3 options to social media platforms like Twitter and Fb.
The checklist of potential options for the platform’s browser extension consists of funds and tipping, decentralized asset buying and selling, NFT buying and selling and decentralized file storage.
MASK runs on the Ethereum community and can be dwell on Polygon and BNB Chain. The token is designed to reward lively customers of the protocol and provides customers a voice in governance.
The undertaking launched in February of 2021 and at time of publishing, the worth of MASK stands at $3.67. That’s down about 88% from the coin’s all-time excessive of $30.44.
Featured Picture: Shutterstock/Olivier Le Moal