Bitbns Become First Indian Exchange to List TRACE Metaverse Token On Its Platform

BANKING AND ECONOMY

Crypto trading platform Bitbns has listed the 'TRACE', a popular metaverse token on its platform. It has become India's first crypto exchange to list this token.

TRACE belongs to the Trace Network Labs widely used for accessorizing digital avatars. It empowers network users with governance control over the protocol with exposure to the world of NFTs expanding metaverse.

Earlier other popular metaverse tokens - Alien World, RFOX, and DEAPcoin - were added on this platform. TRACE has joined as the latest addition. Bitbns hosts more than 400 cryptocurrencies on its platform.

TRACE tokens of Trace Network will also be used as a base token fuel to mint and acquire NFTs and to settle minted NFTs over Trace's network and ecosystem. The token also carries other utilities in community incentivisation to reward network participants through various incentives, including staking and farming. 

Trace Network is a decentralised protocol enabling a lifestyle for any multichain metaverse. It builds technologies that aim to transform the way people access any metaverse or metaverse assets. It allows people to become metaverse residents by creating their real-looking 'Digital-Twins' or 'Digital Avatars' and empowers them to roam freely across multiple virtual worlds in different blockchain networks. They are backed by investors such as AU21 Capital, NGC Ventures, OKex Blockchain ventures, LD Capital, etc.,

   Important points for the exam:

  • Crypto exchange Bitbns has become the first bourse in the country to list metaverse token ‘TRACE’ on its platform.
  • TRACE belongs to the Trace Network Labs widely used for accessorizing digital avatars. 
  • It empowers network users with governance control over the protocol with exposure to the world of NFTs expanding metaverse.
  • Recently other popular metaverse tokens - Alien World, RFOX, and DEAPcoin - were added on this platform.
  • Trace Network is a decentralised protocol enabling a lifestyle for any multichain metaverse. 
  • Trace Network builds technologies that aim to transform the way people access any metaverse or metaverse assets.

  Facts to know:

  • Bitbns - Bitcoin & Altcoin Cryptocurrency Exchange.
  • Bitbns is the fastest and simplest way to trade cryptocurrencies.
  • A cryptocurrency is a digital currency which is used as the medium of exchange through a computer network.
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