Binance, the world’s largest cryptocurrency exchange by trading volume, announced the addition of 5 new altcoins to the Binance Custody platform. Custody, the custodian platform, states that it provides an enterprise-grade service. As Kriptokoin.com, we are citing Binance’s latest announcement…
Binance adds these 5 altcoins to Custody
Binance Custody claims to offer an enterprise-grade virtual asset custody platform that is both regulated and compliant, secure and robust. According to a tweet this morning, the platform now supports deposits and withdrawals for Tribe (TRIBE), Yield Guild Games (YGG), Mobox (MBOX), Powerledger (POWR), and My Neighbor Alice (ALICE). You can see the details for these altcoins in the list below:
- Tribe (TRIBE): Tribe is the management token for the FEI algorithmic stablecoin. Fei aims to provide a new decentralized solution to the stablecoin market. Existing stablecoins are either fiat-backed and therefore centralized or crypto-collateralized, making them capital-inefficient. The FEI recommends a model similar to fractional reserve central banking.
- Yield Guild Games (YGG): Yield Guild Games is a DAO that invests in NFTs. The organization’s goal is to optimize assets to develop the world’s largest virtual economy, maximize utility and share revenues with stakeholders.
- Mbox (MOBOX): MOBOX Protocol combines yield farming with game NFTs to create a truly free-to-play game to gain ecosystem. It uses Binance Smart Chain.
- Powerledger (POWR): Powerledger (POWR) is a technology company that creates software for distributed and decentralized energy markets for a sustainable future. It provides tracking and trading of energy and environmental commodities.
- My Neighbor Alice (ALICE): My Neighbor Alice is a farming themed play-to-win game built on Chromia. Each player has their own avatar that represents them in the game, which they can change as they wish.
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