Cryptocurrency that Binance gave for free rises 60%
What is SIGN
The Sign project has stood out for offering practical solutions in the digital world. The project allows for the validation of important information without exposing sensitive data, preserving user privacy.
In addition, the TokenTable platform, which integrates the Sign ecosystem, helps projects distribute their tokens more intelligently, with options such as airdrop, vesting, and scheduled unlocks.
The listing of SIGN on the South Korean exchange Upbit caused the cryptocurrency, distributed for free by Binance, to spike 60% this Tuesday (29). The announcement boosted the token's price from $0.08 to $0.129 rapidly.
The trading volume in 24 hours also exploded, going from $402 million to $898 million, evidencing strong interest from investors.
This appreciation occurs amid a recent trend. Earlier this month, Filecoin (FIL) rose 30% after also being listed on Upbit, showing that the Korean market remains heated.
The SIGN token is linked to a multi-chain identity protocol. In this way, it facilitates the creation of digital proofs of identity, ownership, and agreements across different blockchains, using technologies like zero-knowledge proofs.
The trajectory of SIGN began on Binance. This is because the cryptocurrency was the first project of the Binance Alpha campaign, featuring an airdrop of 200 million tokens for users participating in the HODLers program with BNB.
Despite the significant rise, the price of SIGN underwent a slight adjustment after the peak, retreating to $0.11. Even so, the performance exceeds the initial market expectations.
Source: Criptofacil