- Polymesh Network Yesterday, it was announced that Binance Node operator has been promoted.
- The Since the news broke, POLYX prices have skyrocketed.
- At POLYX traded at $0.2493 as of press time. This is a 15.82% increase in the last 24 hour.
Polymesh’s POLYX Token Taking Off After Binance Onboarding as Node Operator
The price of the product has been on the rise since yesterday evening when Polymesh Network declared Binance as an official node operator for its layer 1 blockchain.
POLYX soared to a new daily high of $0.3013 shortly after the announcement, starting a bull run. The token is still at the current value, even though its worth has decreased since then.
Binance is currently the world’s largest cryptocurrency exchange in terms of trading volume. As a node operator for Polymesh Network, POLYX token holders will get direct staking services that enable them to gain rewards for their tokens.
Graeme Moore, head of tokenization at Polymesh, said in a press release on Thursday when announcing the partnership with Binance that:
“Onboarding Binance as the newest node operator provides Polymesh with a massive boost in visibility, credibility, and security.”
According to Polymesh’s leadership, the aim of Binance’s partnership is to further Polymesh’s mission of making regulated asset trading more accessible to more customers.