The 9th edition of the Binance Community Coin of the month competition has ended, and the winner is none other than GoChain. The aim of the competition is go give a chance for the listing of new cryptos on the Binance platform. The winner gets to be added to the platform for free. Well, this time, GoChain is lifting the cup and it now joins the list of other winners to be added on the exchange. Binance is one of the largest and popular crypto exchange platforms in the world.
GoChain Won Hands-Down
Over at GoChain, the team is happy to have had a chance to participate in the competition. Indeed, they had applied several times without success. With the listing, GoChain is set to reap the benefits of being available on a world-class exchange platform, and that will definitely contribute greatly towards its easy availability, acceptance, and popularity in the crypto market. However, Binance is yet to announce when the listing of the new cryptos will actually happen, but there’s a general consensus that it could happen sometime within the next few months.
Crypto exchanges normally charge a fee to add new digital assets (cryptocurrencies) on their platforms. In the case of the free chance, Binance nominated GoChain (GO) to participate in the competition along others that included Cortex (CTXC), Byteball (GBYTE), MediBloc (MEDX),and Everipedia. From the votes cast, GoChain won with 46%, Everipedia got 23%, Cortex scored 14%, Byteball scooped 8.8%, and MediBloc came last with 6%.
Some People Got Lucky Too
The participants paid for their votes at a cost of 0.1 BNB per vote, and with the total number of votes cast standing at 3,917, about 391.7 BNB coins were collected. Binance added 1,500 BNB to that, bringing the total to 18,917 coins. The amount was locked in a Lucky Draw Pool and shared among the 500 winners during a live-stream session.
GoChain boasts of a relatively scalable system with way more through-put than Ethereum – although it’s based on the Ethereum blockchain system. Besides the speed and scalability, GoCahin is also focused on providing crypto transaction service platform at attractively low costs.
On the brighter side, GoChain has received even more good news besides winning the Binance competition. The crypto’s future seems to be brightening up in Asia as it has also been added on UpBit. UpBit is the largest crypto trading platform in South Korea.