April 23, 2023

Polymesh Price Soars After Binance Joins Node Operators

Von admin

• Polymesh Network has announced that Binance is now a node operator which has caused the price of POLYX to surge.
• As a node operator, Binance will help in running the Polymesh blockchain and provide staking services to POLYX holders.
• The aim of this partnership between Binance and Polymesh is to make regulated asset trading more accessible.

Binance Onboards as Node Operator on Polymesh Network

Surge in Price After Announcement

The price of POLYX has been skyrocketing since the news broke that Binance had become a node operator on the layer 1 blockchain of Polymesh Network. At press time, POLYX was trading at $0.2493, up 15.82% in the last 24 hours.

What Becoming a Node Operator Means

Binance currently stands as the world’s largest cryptocurrency exchange by trading volume. As a node operator, it will help running the Polymesh blockchain, certify transactions before adding them onto the blockchain and also offer staking services to POLYX holders for rewards generation. Graeme Moore, head of tokenization at Polymesh said: “Onboarding Binance as the newest node operator provides Polymesh with a massive boost in visibility, credibility, and security.“

Aim of Partnership with Binance

The aim of this partnership between Binance and Polymesh is to make regulated asset trading more accessible to more clients through their combined efforts. This aims at advancing Polymeshes mission against making regulated asset trading easily available.

Conclusion

Polymeshes new partnership with one of world’s leading cryptocurrency exchanges came out successful which has caused an increase in its token prices significantly and further offers great potential for its future growth prospects.