Red Pulse (RPX) has announced it will be listed on the cryptocurrency exchange Binance.
In a blog post published on Sunday, Red Pulse’s Data Science and Analytics Manager, Stanley Chao, said the decision would enable Red Pulse to further develop.
“Red Pulse is committed to building a stronger community around our RPX token”, Chao said. “As part of our new development, we are excited to announce a new exchange listing with leading cryptocurrency exchange Binance”.
This will make RPX the first NEP-5 token to be listed on Binance, which is based in Hong Kong. Trading pairs include bitcoin (BTC), etherum (ETH) and Binance Coin (BNB).
At the news, the value of the RPX token shot up 38% from $0.18 at just before 01:30 GMT on Monday to $0.29 at 03:19. It has now pared to $0.27.
The news was also announced via Twitter on Monday morning.
— Red Pulse (@red_pulse_china) February 12, 2018
Red Pulse is a tokenised research ecosystem for China’s economy and capital markets. The RPX token facilitates an open and transparent sharing economy for research. Launched in 2015, the company is currently developing a machine learning-based engine which will connect Chinese industry experts to interested institutions and investors to gain the relevant knowledge. It claims this will help better manage the problem of information overload.
Last week, a delayed Binance system update which took the exchange offline created speculation that the exchange had been hacked, similar to the CoinCheck cyber-heist at the end of January. Binance CEO Zhao Chengpeng dispelled rumours of a hack, saying a coding error had been behind the significant delays. The problem had reportedly been fixed by Friday morning, although some users said they were still experiencing difficulties accessing the exchange.
On Thursday, Red Pulse announced a partnership with the payment platform NEON Exchange (NEX), which will enable quick and easy fiat-to-crypto conversion rates for users of Red Pulse, marking the first NEP-5 decentralised app for NEX. A NEP5 is a token that runs on the NEO blockchain: it describes the standard set of rules to which the tokens are built to conform to.
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