New Decentralized Gaming Token Skyrockets Following Binance Listing

The world’s largest crypto exchange platform by volume is adding support for a new decentralized gaming altcoin, launching a price explosion.

In a new announcement, Binance says it’s adding support for Nexpace (NXPC), a recently launched blockchain-based gaming ecosystem associated with the popular South Korean MMORPG (massively multiplayer online role-playing game) MapleStory.

“Binance is excited to announce that Nexpace (NXPC) will be added to Binance Simple Earn, ‘Buy Crypto,’ Binance Convert, and Binance Margin.”

According to its official whitepaper, NXPC is not only the token used for paying network fees over the blockchains, but it’s also designed to be interchangeable with non-fungible tokens (NFTs) in the MapleStory franchise, controlling their supply.

“NXPC is designed to be interchangeable with NFTs. Players can redeem NXPC for collections of NFTs or exchange these collections back into NXPC. Under this mechanism, the circulating supply of NFTs can be organically controlled…

NXPC is a native token used in MapleStory Universe Layer 1 network for paying gas fees (i.e. network fees).”

Earlier this week, Binance also announced that Nexpace would be added to Binance Alpha, Binance Futures, and Binance HODLer Airdrops, noting that Binance Alpha will be the first platform to feature NXPC.

News of the addition sent NXPC flying, as the altcoin went from a low of $2.01 on May 14th to a peak of $3.77 a day later. The digital asset has since retraced and is trading for $2.53 at time of writing, a 26% rise during the last 24 hours.

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Featured Image: Shutterstock/Andrea Danti/Fotomay/Natalia Siiatovskaia