A non-fungible token (NFT) market is booming after being listed on the world’s largest crypto exchange platform by volume.
In a new announcement, cryptocurrency exchange Binance says includes BLUR, the governance token of Altcoin Blur, a decentralized NFT marketplace offering real-time price comparisons and streams.
According to Binance, BLUR will initially be available in the BLUR/BTC, BLUR/USDT, and BLUR/TRY trading pairs.
The announcement caused BLUR’s price to skyrocket, as the digital asset rose from a seven-day low of $0.303 on Nov. 20 to a price of $0.637 at the time of writing, an increase of 110%.
Binance says that BLUR will be applied a SEED tag, meaning that it has been considered an innovative project that may exhibit higher volatility and risk compared to other virtual currencies.
To gain access to SEED tagged assets, Binance says users must agree to the terms of service and pass a questionnaire every 90 days ensuring they understand the risks of trading volatile cryptoassets.
“BLUR is a relatively new token that poses a higher risk than normal and, as such, will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have conducted your own research regarding the fundamentals of BLUR, and fully understand the project before choosing to trade the token.”
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Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and trading are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is it an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/issaro prakalung
source: dailyhodl.com