The post Binance Completes Integration Of Conflux Network Mainnet; Can Ape Brigade Be Next? appeared first on Coinpedia Fintech News
Binance, the world’s largest cryptocurrency exchange, announced on Thursday the successful integration of the Conflux Network (CFX) mainnet. While the listing of Conflux Network (CFX) was initially announced in March 2021, trading was previously limited to BEP20 CFX tokens.
On May 11, Binance officially confirmed the completion of integrating the Conflux Network (CFX) mainnet, and now, users don’t have to convert their CFX tokens to BEP20 before trading them on the market. As a result, CFX tokens can now be directly traded. Additionally, users can deposit and withdraw CFX tokens from Binance using BNB Smart Chain (BEP20), Conflux eSpace, or the Conflux Core Space.
On the other hand, Ape Brigade (APES) is a captivating new meme coin that is currently in its presale phase. This simian-inspired token has the potential to dominate the market, and here’s why it’s gaining attention.
Ape Brigade, The Meme Coin Making a Splash in the Market
The Ape Team is driven by a dedicated community that deeply cares about animals, specifically apes. Their main mission is to increase awareness and provide support for conservation initiatives focused on protecting apes and other wildlife. Notably, they have allocated an exclusive portion of 10% of the total token supply to directly contribute to this noble cause.
The Ape Brigade aims to cater to its community as well. A significant 20% of the token supply will be secured in a dedicated liquidity pool to ensure stability and liquidity. Additionally, they have introduced an incentivized staking system, enabling users to receive rewards by staking their APES coins. Notably, another impressive 15% of the total token supply is exclusively reserved for rewarding stakeholders.
Ape Brigade not only showcases social consciousness but also demonstrates impressive technological advancements. Operating as an ERC-20 token on the Ethereum blockchain, it provides a secure, transparent, and easily accessible token for users worldwide. The Ape Brigade’s ambitious roadmap extends further with the development of an NFT Space, poised to play a crucial role within their ecosystem, opening doors to exciting possibilities.
Riding the Chinese Blockchain Wave with Skyrocketing Demand and Strategic Alliances
The surge in demand for Chinese blockchain projects has driven up Conflux’s trading volume. As the only compliant blockchain in China using Tree-Graph consensus, Conflux has seen a 1500% price increase fueled by AI hype. Partnerships with China Telecom and Little Red Book, along with Uniswap V3 deployment, have boosted liquidity. Though CFX prices dropped 40% recently, Binance’s support may lead to a rebound. CFX currently trades at $0.2483, down 5.59% in 24 hours, with a modest increase in trading volume of 19.37% in the last day.
Unveiling the Ascendancy of Binance’s Thriving Ecosystem
Binance Coin (BNB), the token launched by the globally renowned Binance cryptocurrency exchange, has been scaling new heights. In February 2023, it surged to a remarkable $335 and presently maintains a value of approximately $303.58 with a market capitalization of $47.4 billion.
This soaring success of BNB can largely be attributed to the flourishing Binance ecosystem, anchored by Binance Smart Chain (BSC). Serving as a high-performance blockchain, BSC empowers the creation of decentralized applications (dApps) and decentralized finance (DeFi) protocols. By offering lower transaction fees and faster processing times compared to Ethereum, BSC has emerged as an appealing option for DeFi developers and users, propelling the popularity of Binance Coin to unprecedented levels.
Amidst widespread setbacks and price declines in the crypto market, meme coins stand out as a bright spot. While altcoins face challenges, it is crucial to recognize that most meme coins offer limited utility and are susceptible to higher market volatility. Therefore, meme coins should have a well-defined roadmap that incentivizes community participation while actively fostering its expansion.
In this context, Ape Brigade emerges as a promising contender, primarily due to the value it adds through its supported cause. With its distinctive features and strategic initiatives, Ape Brigade captures the attention of investors, making it a noteworthy choice to monitor.
Get ready to join the Ape Brigade and witness the rise of a meme coin with a purpose!
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