Today, an altcoin that started selling tokens on Binance Launchpad has provided double-digit returns in a short time. In a second announcement, Binance shares its plan to launch trades with up to 20x leverage.
Listed on Binance, this altcoin quickly rose above $1
On April 28, market data shows Open Campus (EDU) has risen nearly 20x at launch to just over $1 in a short time. The altcoin, which started token sales on Binance Launchpad today, quickly climbed to $ 1.2 in its current price.
What is Open Campus (EDU)?
Open Campus, a Web3 education protocol managed by the DAO, aims to tokenize educational content worldwide. Teachers and other educational content producers will be able to monetize their educational content through Open Campus. According to the text on the official website:
Open Campus uses a new protocol that allows communities to create, own, and promote the content they want to see in the world, and enables educators to monetize their contributions and be recognized.
The protocol’s native token, EDU, is used for administration, payments, and on-chain revenue sharing. Those who contribute to the ecosystem, including content producers, will be able to receive their share of EDU tokens from the revenue generated by the protocol. The protocol ecosystem is gathered under 3 different headings:
- Communities will be able to use Blockchain technology to fund, co-own and learn from educational content that fits their needs.
- Content creators will be able to launch their content on the protocol by offering promotional rights through Publisher NFTs, where they can earn revenue based on the contributions of partner publishers.
- Philanthropists can directly support educational causes. They can also track their donations on Blockchain through Smart Donations.
Open Campus (EDU) price rose 2000% in a short time with Binance listing
The Open Campus (EDU) token sale, launched by Binance with the Launchpad platform, started on April 28. EDU started trading on the world’s largest stock exchange today. It increased by 2000% shortly after listing. The price climbed above $1.5 at one point.
1/ $EDU is now listed on @Binance! Thank you for believing in the Open Campus Protocol and your active engagement. We definitely would not have come this far without the support from our beloved community ❤ pic.twitter.com/ajlMpNJ3Jx
— Open Campus (@opencampus_xyz) April 28, 2023
Binance opens trades with up to 20x EDU leverage
In another official announcement, Binance announced that it will open up to 20x leveraged trades for EDU on April 30. As we quoted as Kriptokoin.com, the stock market has recently started leveraged transactions for BLUR. Leveraged transactions often positively affect token prices due to the added volume and volatility.
EDU token sale details
Finally, the token economic data of Open Campus (EDU) in the official announcement were as follows:
- Launchpad hard cap: $2,500,000
- Hard cap per user: $15,000 (300,000 EDU)
- Total token supply: 1,000,000,000 EDU
- Total tokens allocated to Binance Launchpad: 50,000,000 EDU (5% of total token supply)
- Public token price: 1 EDU = $0.05
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