Chainbase (C) Price Surges 126% After Binance Listing

Binance, the world's leading cryptocurrency exchange, has introduced Chainbase (C) as its 28th project on the HODLer Airdrops portal. The announcement was made on July 18, with the digital asset set to be listed on the exchange later that day at 14:00 (UTC).

Chainbase (C) is a platform focused on building the Hyperdata Network for AI, aiming to create a foundational layer for the DataFi era. This initiative underscores Binance's commitment to supporting innovative projects in the blockchain and AI sectors.

Binance revealed the details of the airdrop via its official announcement and social media platforms. Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from July 6 at 00:00 (UTC) until July 9 at 23:59 (UTC) are eligible for the airdrop. The total token supply for C is 1 billion tokens, with 20 million tokens allocated as HODLer Airdrops rewards, representing 2% of the total supply. Additionally, 10 million tokens, or 1% of the total supply, will be allocated three months after the spot listing. The circulating supply at the time of listing on Binance will be 160 million tokens, or 16% of the total supply. Notably, there will be no listing fee for C on Binance.

The listing of C on Binance will include trading pairs with USDC, USDT, FDUST, BNB, and TRY. The token will be listed with the Seed Tag, indicating that it is a newer project and may exhibit higher volatility compared to other listed tokens. Users are advised to conduct their own research before investing. C is also already listed on Binance Alpha, a platform designed to showcase early-stage projects with growth potential in Web3.

Following the announcement, the price of C spiked significantly. Prior to the listing, C was trading at approximately $0.16. Immediately after the announcement, the price surged by over 73%, continuing to climb higher. At the time of writing, C is trading above $0.32, with a market cap of over $52 million, reflecting a more than 126% increase in the past 24 hours.

This development highlights Binance's ongoing efforts to support and promote innovative blockchain projects, providing users with new investment opportunities and contributing to the growth of the cryptocurrency ecosystem. The introduction of Chainbase (C) as the 28th HODLer Airdrops project further solidifies Binance's position as a leader in the cryptocurrency market, offering a diverse range of digital assets and investment options for its users.