Recently, Binance made an announcement regarding the listing of the BRC-20 token called Sats (1000SATS) and the commencement of spot trading at 19:00 on December 12, 2023. The trading pairs for spot trading will include 1000SATS/USDT, 1000SATS/FDUSD, and 1000SATS/TRY.
Users can now start depositing 1000SATS in preparation for trading. The withdrawal feature for 1000SATS will be enabled at 19:00 on December 13, 2023.
Additionally, Binance will introduce 1000SATS as a lending asset with the paired collateral on Isolated Margin within 48 hours starting from 19:00 on December 12, 2023 (Vietnam time). The Isolated Margin Pair for lending will be 1000SATS/USDT.
It’s important to note that 1000SATS is equivalent to 1000 times SATS. For example, if a user deposits 1100 SATS into Binance, Binance will automatically display it as 1.1 tokens of 1000SATS.
Sats (SATS) is a memecoin following the BRC20 standard, which stands for satoshi, the smallest unit of Bitcoin. One satoshi is equal to 0.00000001 BTC.
Shortly after the news of its listing on Binance, the SATS token experienced a remarkable 80% price surge, reaching the price of $0.00000042 USD.