Viction (VIC), a project on blockchains, saw a dramatic increase of 133% within the first two hours after Binance announced futures trading options for it.
Things have eased off a bit, but it is up 92%, trading at $0.39. It’s currently worth $42.3 million in market cap and now the 507th largest cryptocurrency with a massive 9044% in trading volume to $154 million.
Trading began at 17:00 UTC on Binance. With this, people can trade VIC with up to 75x leverage, meaning they can maximize their profit or lead to big losses. So, proper risk management should be applied. Funding rates are capped at ±2%, and settlements happen every four hours.
Viction was formerly known as TomoChain (TOMO) before it changed its name last year in November. The new name is crafted from the words “Vision” and “Victory” to symbolize its mission to make blockchain technology better.
Viction wants to bring cryptocurrency to users by providing zero-gas transactions, improved security, and higher scalability. It features a Proof-of-Stake Voting (PoSV) system, backed by 150 masternodes, which secures it and makes it run smoothly.
“Viction is a people-oriented blockchain. It offers feeless transactions and strong security to enable Web3 to be accessible and secure for everyone,” the team described. In 2024, it achieved 4 million on-chain addresses and welcomed 150 projects onboard, which means more people are using it.
Viction possesses developer tools such as Dex Maker, wallets, and app chains that render crypto projects more convenient to develop. Backed by Binance, VIC is now attracting more attention from investors and traders.
Also Read: Will BNB Price Reach $750 with Binance Getting Billions from Saudi?
The Crypto Times – Read More