Binance US, the US arm of the world's largest cryptocurrency Binance, announced that it has listed a new altcoin.
Binance.US announced in a statement that it has listed the altcoin named Orbs (ORBS).
“We are excited to announce that Orbs (ORBS) is listed on Binance.US.
Deposits for ORBS are now live.
Trading on the ORBS/USDT pair will begin tomorrow i.e. August 3, 2023 at 05:00 PDT / 8:00 EDT. “
What are Orbs (ORBS)?
Orbs act as blockchain infrastructure, providing layer 3 backend support to other tier 1s and tier 2s through cloud computing, storage, and additional smart contract execution functions.
The ORBS token is used to pay tier-3 subscription fees distributed to validator nodes, validate and execute transactions, and as a governance token for owners.
ORBS, which is currently listed on exchanges such as OKX and Bittrex, did not react greatly after the news, but recorded a 13% rise on the hourly chart.
Rising up to $ 0.030 with this rise, ORBS continues to trade at $ 0.028 at the time of writing.
*Not investment advice.
