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Binance lists Ronin (RON) as Pullix (PLX) eyes beta launch


Cryptocoins News / CoinJournal 66 Views

  • Binance announced it would list Ronin (RON) on February 5, 2024.
  • Pullix has revealed major updates, including its registration as an exchange provider.
  • PLX token presale has reached stage 7, which means Pullix is on track for its beta launch and market debut.

Ronin (RON), the native token of the Web3 gaming platform Ronin Network, is among tokens seeing significant price action today. The increased activity around the cryptocurrency comes as major crypto exchange Binance announced the listing of the RON token.

Elsewhere, investors are fully focused on the upcoming launch of hybrid exchange Pullix (PLX), whose token sale is currently in stage 7 of 8. The latest updates from the Pullix team have the community extremely excited.

Binance announces Ronin (RON) listing

Binance announced on Monday that it will list Ronin (RON) at 13:30 UTC on February 5, 2024. According to the exchange, spot trading pairs available to traders will be RONIN/BTC, RONIN/USDT, RONIN/FDUSD and RONIN/TRY.

Amid this announcement, Ronin price shot to highs of $3.51 across exchanges. Data from CoinGeko shows the EVM-compatible blockchain platform’s native token rose to levels last seen in February 2022. The token was trading about 33% from its all-time high of $4.29 reached in January 2022 at around 10:50 UTC on Monday.

Ronin’s recent surge coupled with today’s announcement has however coincided with an uptick in profit taking from holders. The price is therefore likely to revisit support levels in the $2.50 to $2.00 region &- a scenario that will strengthen if RON/USD breaks fails to establish $2.80 as a support level.

Pullix on cusp of major milestone

Pullix is a new hybrid exchange targeting the exponential growth anticipated for the DeFi ecosystem.&

With its presale seeing astronomical interest that has accelerated in the past few weeks, the project has released an update that has the DeFi community thrilled.

In particular, it’s the announcement that Pullix will soon launch in beta, bringing the best of centralized exchanges like Binance and decentralized exchanges like Uniswap, dYdX to users. When the project hits this milestone, the market will have access to a hybrid exchange infrastructure that offers a solution to one major problem bedeviling the DeFi sector &- liquidity.

Pullix will incentivize users to provide liquidity, while the hybrid model will allow for a robust security platform where users remain in control of their assets’ private keys.&

More than that, this exchange offers institutional-grade trading tools and a unique revenue-sharing mechanism that gives 30% of all exchange revenue to users in a daily payout.

Should you buy Pullix (PLX) today?

Ahead of its official beta launch, Pullix has provided key updates. In a post on the official X account, the team revealed Pullix had received offshore regulatory approval.

Also notable is its team’s progress with the trading technology, which puts the project on track for a website upgrade and demo. Developers have also worked on the staking and token burn dashboards, which are ready ahead of PLX presale conclusion. The beta launch will follow, paving the way for Pullix’s entry into the market.

The launch will see the DeFi ecosystem benefit from a platform that offers institutional-level liquidity, security and tools, including AI based trading and copy trading. It will also open up the PLX token as an investment, with traction aiding upside momentum for PLX.

Pullix has raised over $4.9 million with the PLX token currently priced at $0.1 in the penultimate presale stage. It’s a level that offers what could still be a major opportunity.

The post Binance lists Ronin (RON) as Pullix (PLX) eyes beta launch appeared first on CoinJournal.

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