quora Binance Now Supports Neo and Cosmos | Finance Brokerage
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Binance Now Supports Neo and Cosmos 

Cryptocurrency exchange Binance is finally supporting tokens Neo (NEO) and Cosmos (ATOM). As per the announcement, users can now start depositing funds ahead of the trading commencement.

Aside from that, Cosmos provides a blockchain-based platform that runs as a mediator between different blockchains. It also launched its first ecosystem hub in March 2019, following raising  $17.3 million in its token sale in April 2017.

On the other hand, Neo is a decentralized open-source blockchain application form. And in September, Neo became the first blockchain member of Microsoft’s open-source project, the .NET Foundation.

Also, Neo increased by 4.32% to trade at $10.87. An ATOM is trading sideways, falling about 0.23% to trade at $3.10.

Now, Binance.US recently announced that it would add full trading support for the two tokens on October 31. Now the two of them are included in the top 20 tokens by market capitalization.

Binance and Blockstack

In addition to that, earlier, the main platform of Binance listed Blockstack’s STX tokens after the company paid Binance $250,000 for long-term payment. This is also to guarantee that the token will stay on the list of the platform.

Meanwhile, a filing with the United States Securities and Exchange (SEC) from Blockstack disclosed that Binance got 833,333 STX. And at $0.30 token valuation provided by the firm is equivalent to $250,000.

However, Binance denied receiving any listing fee from Blcokstack, saying the firm did not charge it with any fees. Also, the company explained that the Blockstack willingly paid for marketing.

In addition to that, the listing of STX on Binance follows a $23 million token sale. And the SEC approved this under the Regulation A+. Moreover, an A+ funding round is a kind of initial public offering for startups in need of early funding. From there, members of the public can now participate.

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