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Cryptocurrency exchange Binance has launched a rewards program to encourage trading of certain artificial intelligence (AI)-related tokens. The campaign, which kicked off today, includes tokens such as AGIX and CTXC from Cortex, the latter focused on integrating AI into blockchain smart contracts.
In a bid to attract new users and reactivate dormant accounts, Binance is offering a $10,000 bounty in USDT vouchers. Eligible participants are new joiners or existing members who have not participated in Binance Spot trading in the last three months. This promotional offer is valid until November 27.
The AI token market has seen notable activity recently, drawing attention to tokens such as WLD, which have seen significant fluctuations. This interest has been attributed in part to Sam Altman, the former CEO of OpenAI, and a sizable deposit of nearly $4.5 million of WLD onto exchanges by GSR.
Additionally, Render (RNDR) was responsible for a substantial increase in trading volumes in the AI sector. According to the Kaiko study, industry trading volumes reached $2 billion. Meanwhile, other AI tokens such as MDT saw a price increase of over 7% coupled with a volume surge of over 150%. Likewise, OCEAN’s price has soared by over 11%, and its trading volume has also doubled during the same period.
The evolution of the AI token market reflects growing investor interest in cryptocurrencies linked to emerging technologies such as artificial intelligence, which are becoming increasingly relevant across various business sectors.
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