Dear Users,
Due to popular demand. BingX Spot will add 1 trading pair on 2023-11-17, 10:00:00 (UTC+0).
• Asset: MUBI
• Trading Pair: MUBI/USDT
• MUBI Deposit Time: 2023-11-17, 10:00:00 (UTC+0)
• MUBI Withdrawal Time: 2023-11-18, 10:00:00 (UTC+0)
• Spot Grid and Spot Infinity Grid will list MUBI for users to enjoy smart trading of the tokens
About MUBI
$MUBI, the native cryptocurrency of the MultiBit protocol, serves as a dual-sided bridge connecting the Binance Smart Chain (BSC) and the Ethereum network. This innovative token facilitates seamless cross-network transfers without the need for intermediaries or centralized exchanges. Using smart contracts, $MUBI ensures a swift, transparent, and reliable token transfer process.
The operational mechanism of $MUBI involves bidirectional bridge functionality, allowing users to transfer their tokens between BSC and Ethereum effortlessly. Users initiate the process by depositing BRC20 tokens into a specified address, triggering the minting of equivalent ERC20 tokens on the Ethereum Virtual Machine (EVM) network upon confirmation. This unique feature ensures a fluid transition of tokens between the two networks, promoting enhanced liquidity and accessibility for users seeking optimal prices and opportunities.
Key features that define $MUBI's value proposition include cross-chain interoperability, cost and time efficiency, and a developer-friendly approach. The token facilitates seamless interaction with decentralized applications and protocols on both BSC and Ethereum, ensuring users can access the best pricing and opportunities. Additionally, $MUBI reduces transaction costs and delays by eliminating the need for multiple conversions and fees, providing a cost-effective and efficient token transfer experience. Developers benefit from $MUBI's support for creating DApps accommodating both BRC20 and ERC20 tokens, leveraging existing infrastructure and tools on both networks to save time and resources. $MUBI emerges as a comprehensive solution addressing liquidity, interoperability, and efficiency concerns, catering to the needs of users and developers in the cryptocurrency space.
Note:
1. Please make sure that the selected chain or network on BingX is consistent with the platform you're performing the withdrawal or deposit to avoid unnecessary losses.
2. The platform will automatically adjust the relevant parameter limits for spot trading based on market liquidity. If you have any questions, please contact our 24/7 online support.
3. The listing time specified in the announcement is for reference only. We will open the trading service once the deposit requirement for the above asset is met. The actual opening time shall prevail.
BingX Operation Team
2023-11-17
BingX Official Channels
Risk Disclaimer
Cryptocurrency prices are subject to high market risk and price volatility. You should only invest in products that you are familiar with and where you understand the associated risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment decisions. This material should not be construed as financial advice. Past performance is not a reliable indicator of future performance. The value of your investment can go down as well as up, and you may not get back the amount you invested. You are solely responsible for your investment decisions. BingX is not responsible for any losses you may incur.
BingX attaches great importance to compliance and strictly abides by local regulations. Please obey local laws and regulations in your country or region. BingX reserves the right in its sole discretion to amend, change, or cancel this announcement at any time and for any reason without prior notice.