The Poloniex brokerage has added the Santos Futebol Clube cryptocurrency, boosting the digital asset by 9% in just 24 hours. Listing a cryptocurrency on a new exchange is an important step as it makes the market more liquid for holders.
In addition, it gives traders the opportunity to pursue arbitrage trades, which can result in additional profits even if they are risky trades.
Another reason that can be well interpreted by a new listing is the presence of the asset in yet another market, allowing new investors to see the existence of the project.
In Santos’ case, the Brazilian club had already made history with its launch and continues to look for international expansion.
Poloniex lists Santos cryptocurrency and currency appreciates 9% in a few hours
Santos Futebol Clube was the first Brazilian team fan token created by the Binance brokerage. Until then, clubs like Corinthians, Atlético Mineiro, Flamengo and several others had made their versions in collaboration with the company Socios.
The launch also went down in history for being the first to be created on a decentralized exchange as PancakeSwap also listed the token created on Binance’s BNB Chain network.
In recent days, Binance itself has released the leverage with the token, as it pleased the traders of the coin.
Now Poloniex has listed for the first time a Brazilian fan token, a broker that is old in the market and known by many.
With the news, the dollar price of the SANTOS token rose 9% in a few hours, reflecting the good news for the community, with a price approaching US$20.00.
Promotion gives fans cryptocurrency
On social media, both Santos and Poloniex commented on the novelty of the Brazilian club’s new cryptocurrency list.
And to celebrate, fans can see an unusual promotion, which can earn up to R$50.00 in their accounts. That’s because anyone who buys 1 SANTOS from the Poloniex broker will earn US$10.00 on their accounts opened on Binance, worth about R$50.00 at the current dollar rate.
own 1 $SAINTS on Poloniex to receive 10 USD worth of SANTOS on Binance!🥳 A total of 1,500 #SAINTS is given on a first come, first served basis!
💥Fill out this form to claim the reward: https://t.co/qofmjrgZ4p
💥SANTOS Deposit Now: https://t.co/CRsoz6Cvui https://t.co/yFmTaI0uZi
— Poloniex Exchange (@Poloniex) September 27, 2022
To participate, it is necessary to fill a SANTOS token airdrop form, informing the email registered with Poloniex, Binance ID and social network link.
The draw is limited to 1,500 SANTOS tokens, which will be distributed until October 11, 2022.
Source: Live Coins
John Cameron is a journalist at The Nation View specializing in world news and current events, particularly in international politics and diplomacy. With expertise in international relations, he covers a range of topics including conflicts, politics and economic trends.
