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Cosmos ecosystem a thrill ride after surprise Binance listing

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by COINS NEWS 169 Views

Cz announced on Twitter last night that Osmosis would be listed on the Binance innovation zone. This area is for newer coins they've listed.

"The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens." https://www.binance.com/en-ZA/support/announcement/7ab5677c3fe544b282259fcc8b884b0c/

Osmosis is by far the largest DEX in the cosmos with 250m tvl. It has a finite supply and regularly undergoes a halving process to curb emissions. You can either stake osmo for rewards or pool them and earn not only trading fees, but enable liquid staking, and additional incentives from osmo/paired coin.

One could fairly compare this to Osmosislab's own Osmosis frontier trading area, https://frontier.osmosis.zone/ where new Cosmos ecosystem projects can be listed in a permissionless way.

After the announcement several Cosmos coins skyrocketed with ATOM grabbing a 6% gain in 1 15 minute candle and Osmo gaining over 25% overnight.

submitted by /u/DefiantHamster
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