{"id":94612,"date":"2024-09-24T08:33:53","date_gmt":"2024-09-24T12:33:53","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=94612"},"modified":"2024-09-24T08:35:11","modified_gmt":"2024-09-24T12:35:11","slug":"binance-listing-boosts-this-p2e-token","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/binance-listing-boosts-this-p2e-token\/","title":{"rendered":"Binance Listing Boosts This\u00a0P2E Token In Over 20% Gain"},"content":{"rendered":"\n

Binance<\/a>\u00a0announced the launch of\u00a0USD-Margined perpetual contract for League of Kingdoms Arena (LOKA), resulting in over 20%\u00a0gains.<\/p>\n\n\n\n

\"Binance<\/figure>\n\n\n\n

Binance\u2019s support for the League of Kingdoms Arena (LOKA) play-to-earn (P2E) crypto project has led to a surge in market optimism, with LOKA\u2019s price climbing nearly 20% after the exchange announced its futures listing. <\/p>\n\n\n\n

Traders reacted positively, driving the token\u2019s intraday trading volume up by almost 155%.<\/p>\n\n\n\n

Binance Launches LOKA Futures Trading<\/h2>\n\n\n\n

On September 24, Binance officially announced the launch of the LOKAUSDT perpetual contract\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, set to go live at 11:30 UTC. <\/p>\n\n\n\n

This move aims to expand the range of trading options available on the platform.<\/p>\n\n\n\n

Binance disclosed that users can trade the asset with up to 75x leverage, with a capped funding rate of +2.00% \/ -2.00%. The tick size for trades was set at 0.0001. <\/p>\n\n\n\n

However, Binance also noted that the perpetual contract could face adjustments due to market risks. <\/p>\n\n\n\n

These changes might affect the funding fee, tick size, leverage limits, and margin requirements.<\/p>\n\n\n\n

League of Kingdoms (LOKA) is a blockchain-based Massively Multiplayer Online (MMO) strategy game within a play-to-earn ecosystem<\/a>, enabling players to earn income through in-game participation.<\/p>\n\n\n\n

P2E Token Price Soars 20%<\/h2>\n\n\n\n

At the time of writing, LOKA\u2019s price has jumped over 20% from its 24-hour low, reaching $0.2723. The token\u2019s intraday low was $0.2236, while the high touched $0.2959. <\/p>\n\n\n\n

Binance\u2019s listing announcement also triggered a 155% surge in LOKA\u2019s 24-hour trading volume, now at $22.74 million.<\/p>\n\n\n\n

The price rally coincides with the futures listing announcement, a pattern seen with other tokens post-listing. <\/p>\n\n\n\n

For instance, Aavegotchi (GHST) saw a 37% price jump after its Binance futures listing, and the Telegram-based P2E crypto project Catizen (CATI) experienced a significant price spike upon its debut. These trends affirm the LOKA price surge witnessed today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Binance\u00a0announced the launch of\u00a0USD-Margined perpetual contract for League of Kingdoms Arena (LOKA), resulting in over 20%\u00a0gains. Binance\u2019s support for the League of Kingdoms Arena (LOKA) play-to-earn (P2E) crypto project has led to a surge in market optimism, with LOKA\u2019s price climbing nearly 20% after the exchange announced its futures listing. Traders reacted positively, driving the […]<\/p>\n","protected":false},"author":56,"featured_media":94615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[18285,326,9471],"class_list":["post-94612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-binance-listing","tag-binance","tag-p2e-games"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/09\/Binance-Listing-Boosts-This-P2E-Token-In-Over-20-Gain.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=94612"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/94612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/94615"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=94612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=94612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=94612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}