$CNAME, a token issued by the domain trading platform Cloudname, will be listed on leading cryptocurrency platform MEXC Global this week.
MEXC Global is a digital asset and crypto trading platform with more than 7 million users worldwide that offers spot, margin, leveraged, and derivatives trading and staking services.
According to MEXC, CNAME token deposit and trading will open on February 24, 2022 at 12:00pm (UTC).
What should I know about $CNAME?
CNAME is the utility token of the Cloudname platform, whose 1% of the total supply is 3.8 million. It provides its holders with advantages like free registration, free sales promotion, fee reduction, and access to the use of predictive algorithms and account balance scaling.
Today, the token is listed on MEXC Global, which has been working closely with Cloudname for some time, allowing the platform to reach millions of users and make domain investments more decentralized.
The listing on MEXC comes immediately after CNAME was listed on one of the most popular decentralized crypto exchanges (DEX), PancakeSwap, on Tuesday. In the past 24 hours, DEX recorded over $473 million in trading volume, according to CoinGecko data.
PancakeSwap leads the DEX industry with about 20.8 million visits and offers its users more than 4,000 coins and 5,470 trading pairs to trade. It is further among the largest DEX based on daily trading volume, just one notch below Uniswap. But
Later this month, CNAME will also be listed on Gate.io, the central crypto exchange (CEX), which ranks among the top 5 exchanges with a 24-hour volume of $2.6 billion.
About Cloudname
Domains are part of our daily lives, and domain investing is one of the most profitable industries on the Internet, but a low-liquidity venture that involves a long wait for investors.
Cloudname aims to solve these challenges by not only tokenizing but also fractionalizing these domains by leveraging the power of non-fungible tokens (NFT), which have gained immense popularity. It also expands NFT use cases beyond collectibles, music, gaming, consumer and luxury goods, and real estate.
