The largest cryptocurrency exchange platform in the world by volume is set to support a new decentralized gaming altcoin, causing a surge in its price.
Binance has announced that it will be adding support for Nexpace (NXPC), a blockchain-based gaming ecosystem linked to the popular South Korean MMORPG MapleStory.
“Binance is thrilled to introduce Nexpace (NXPC) to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.”
According to the official whitepaper, NXPC serves as the token for network fees on blockchains and can also be exchanged for non-fungible tokens (NFTs) within the MapleStory franchise, managing their availability.
“NXPC is designed to be interchangeable with NFTs. Players can redeem NXPC for collections of NFTs or exchange these collections back into NXPC. This mechanism allows for organic control of the circulating supply of NFTs…
NXPC is the native token used in the MapleStory Universe Layer 1 network for paying gas fees (network fees).”
Earlier this week, Binance also announced that Nexpace would be featured on Binance Alpha, Binance Futures, and Binance HODLer Airdrops, with Binance Alpha being the first platform to showcase NXPC.
The news of this addition propelled NXPC to new heights, with the altcoin rising from $2.01 on May 14th to $3.77 the following day. Currently, the digital asset is trading at $2.53, marking a 26% increase in the last 24 hours.
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Featured Image: Shutterstock/Andrea Danti/Fotomay/Natalia Siiatovskaia
