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- DCR / BNB and DCR / BTC trading pairs available for trading on 24 October.
- No registration fees paid by Decred.
- Recently he launched his own autonomous system called Politeia.
Being listed by an important exchange of cryptocurrencies is nothing more than a fresh blood pump for every budding DLT-based project. And the same was observed in the price behavior of Decred (DCR), as the governance-focused altcoin peaked in price after being quoted by the cryptocurrency giant, Binance.
Decred jumps in the middle of a lazy market
While the cryptocurrency market has not seen most of its infamous volatile fluctuations lately, the general sentiment surrounding the market has been predominantly bearish for some months.
Crypto enthusiasts will know that the market has been relatively "stable" in recent times, which could be an indication of the slow and constant maturity of the crypto-space.
Like all other cryptocurrency initiatives, the price of Decred had difficulty overcoming a fixed price range. After reaching its ATH at $ 123, the price of DCR has plummeted until the mid-30s and at the beginning of the 40s, and has since been sold in this range.
However, being listed by Binance included the community-based DLT project in greens – since the price of the DCR token increased by 24% up to $ 48,07.
#Binance Will List #Decred ( $ DCR) 2018/10 / 24https: //t.co/b4EPrXG9cQ pic.twitter.com/SJEtkfeH3D
– Binance (@binance) 23 October 2018
At press time, Decred has an impressive market capitalization of $ 416,116,168 USD with the 24-hour volume of $ 11,033,386 U.S. dollar.
For the announcement, Binance will begin trading on the DCR / BNB and DCR / BTC pairs on 24 October at 4:00 (UTC).
It is worth noting that the Decred list is one of Binance's first major listings, after it has formalized its plans to donate Charity Fund membership fees – the Blockchain Charity Foundation.
However, Decred paid no subscription fees to Binance in view of the recent decision to waive control of the 570,000 RCD (approximately $ 23 million) development fund, to their blockchain community.
In particular, the Decred community launched its self-governance system called Politeia last week.
Politeia aims to provide the members of the DCR ecosystem with final control over decision-making processes, the use of funds and operations.
What exactly is Decred?
From a bird's eye perspective, Decred (DCR) is a cryptocurrency of self-payments, completely decentralized, open source, just like bitcoin (BTC), litecoin (LTC) and others.
However, the Proof-of-Work (POW), Proof-of-Stake (PoS) hybrid consent algorithm, along with its excellent autonomous governance, makes Decred stand out from all other virtual payments currencies.
More can be read on Decred here.
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