Cryptocurrency to be sold by Binance today has grown by 40% per day

Cryptocurrency exchange Binance has announced the placement of the Magic token (MAGIC) in its Innovation Zone. The news immediately affected the price of the cryptocurrency — the MAGIC rate increased by 40% and the coin is currently trading for $ 0.748 on average.

#Binance will list $MAGIC @Treasure_DAO in the Innovation Zone.

➡️ https://t.co/Ski3hO7zJL pic.twitter.com/Mc6V3Mo9WP

— Binance (@binance) December 12, 2022

According to the cryptocurrency exchange, it will launch trading for the spot trading pairs MAGIC/USDT, MAGIC/BUSD, and MAGIC/BTC. Binance will start issuing MAGIC tokens on December 12 and 13.

The Magic cryptocurrency (MAGIC) is designed for Treasure, a gaming ecosystem project on the Arbitrum platform. Its products are Trove, The Beacon, and Bridgeworld. Binance also explained that MAGIC plays the role of a utility and control token that can be used for NFT transactions, betting, as well as other gaming functions.

Binance’s Innovation Zone is a special trading area that allows users to trade new tokens that may have higher volatility and greater risk than other tokens. In order to be able to trade in the Innovation Zone, users need to read Binance’s Terms of Service and complete the Initial Disclaimer form.

To gain access to the Innovation Zone, users need to answer two questions correctly on the website:

Question 1. What is the likelihood that you will suffer losses or even completely lose your principal while trading in this zone?
A) 50% and more
B) Less than 50%

If the user answers «less than 50%», he/she will not be able to trade in the Innovation Zone.

Question 2: If you suffer losses or even lose your funds completely, whose fault and responsibility is it?
A) Your own choice.
B) Binance

If the client blames the exchange (or someone else), the exchange will recommend not trading tokens and reconsidering its attitude towards cryptocurrencies in general.

As a reminder, yesterday it became known that a cryptocurrency «whale» prompted Binance customers to buy little-known digital assets such as OM, AMP, NEXO, POLS, SUN, ARDR, BIFI, XVS, ARK, LOOM, and OSMO. Initially, the crypto community blamed the phenomenon on hackers, but Binance CEO Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao assured that users were imitating a major cryptocurrency owner.