Memecoin

Binance Futures announced the launch of USDT-margined perpetual contracts for TURBO, effective today, May 30th, 2024, at 15:30 UTC. This addition expands trading options on the platform and allows users to leverage TURBO positions up to 50x. 
<a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usdt-margined-turbo-perpetual-contract-with-up-to-50x-leverage-03b61187504b4a6fb6b48b63c47f6440?hl=en" rel="nofollow noopener" target="_blank">The announcement</a> follows a 14% price increase for <a href="https://crypto.ro/en/cryptocurrencies/turbo/">TURBO</a> within the last hour, potentially fueled by anticipation of increased accessibility through perpetual contracts. 
<img loading="lazy" decoding="async" class="size-full wp-image-43718 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/05/TURBO_7D_graph_coinmarketcap.png" alt="TURBO 7D graph coinmarketcap" width="975" height="465" title="Binance Lists AI-Generated Memecoin TURBO for Perpetual Futures Trading 7" srcset="https://crypto.ro/en/wp-content/uploads/2024/05/TURBO_7D_graph_coinmarketcap.png 975w, https://crypto.ro/en/wp-content/uploads/2024/05/TURBO_7D_graph_coinmarketcap-300x143.png 300w, https://crypto.ro/en/wp-content/uploads/2024/05/TURBO_7D_graph_coinmarketcap-768x366.png 768w, https://crypto.ro/en/wp-content/uploads/2024/05/TURBO_7D_graph_coinmarketcap-750x358.png 750w" sizes="(max-width: 975px) 100vw, 975px"> 
<h2 data-sourcepos="7:1-7:32" id="turbo-ai-generated-memecoin">TURBO: AI-Generated Memecoin</h2> 
TURBO, launched in 2022, holds the distinction of being the first cryptocurrency project created using artificial intelligence (specifically, ChatGPT 4). This ERC-20 token prioritizes community involvement with tax-free transactions and a decentralized structure. 
The founder relinquished control of the smart contract, placing the project’s future in the hands of its user base. 
The listing of TURBO perpetual contracts reflects Binance’s recognition of the ongoing memecoin trend 
Prior to Binance’s listing, TURBO was already available for trading on other cryptocurrency exchanges, including OKX, Gate.io, and HTX. This wider availability suggests a pre-existing user base for the token. With a current market capitalization of $424 million, TURBO falls within the category of mid-cap cryptocurrencies.

Binance Lists AI-Generated Memecoin TURBO for Perpetual Futures Trading

Table of Contents

crypto.ro global

Other articles published on May 30, 2024

European AI Office Takes Charge of AI Regulation

4 Altcoins for High Returns

Bitcoin Price Prediction As The BlackRock Bitcoin ETF Becomes The World’s Biggest And Analysts Pi...

Israel Accelerates Development of Digital Shekel with Innovative ‘Digital Shekel Challenge’

ORDI Price Under Triangle Hints 50% Breakout Surge

Analyst Predicts Bitcoin’s Future Based on US Inflation Data

Join our free newsletter for daily crypto updates!