The Binance Smart Chain (BSC) even corner, TST, jumped almost 50% in the last 24 hours, reaching a one -week summit.
The price peak comes after the co-founder of Binance, Changpeng Zhao (CZ), led its very first decentralized stock market (DEX) involving the token.
CZ is negotiated on a Dex for the first time using TST
On February 22, CZ executed its very first Dex trade, buying TST and providing liquidity.
He admitted to having encountered difficulties because he had never used Dex before, after having always exchanged centralized scholarships (CEX).
“I wanted to put a few BNB in the TST liquidity pool, as a test. I had already seen demos of pancakes. It was so simple. I thought how difficult it could be? But I forgot my Qi level, ”said CZ.
Although Binance’s daily operations, Zhao’s actions are remotely continued to shape the feeling of the market. Its unexpected movement has aroused speculation through the cryptographic community. Some X users think it refers to a new product or initiative linked to the potential binance.
Meanwhile, the founder of Binance said that his objective was to contribute to Binance Coin (BNB) to the TST liquidity past, but navigate the unknown interface was difficult. Liquidity suppliers help facilitate transactions and, in return, to receive a share of transaction costs.
The Blockchain Lookonchain analysis platform reported that CZ had spent 1 BNB (worth $ 660) to acquire 5,388 TST. He then contributed 1,111 TST and 0.096 WBNB (worth $ 64) to liquidity pool.
“I did not follow any video tutorial. I wanted to see a bit like a first experience. As a noob, I must say that the Dex experience can be improved, a lot! Error messages have no meaning. There are probably robots that try to execute my public address on the front (or any large transaction that I suspect). And why can everyone look at what I was doing in real time? CZ wrote on X (formerly Twitter).
After its dex trade, the value of TST jumped more than 50%, showing how influential its involvement is.
However, the token is still negotiated significantly lower than its summit of $ 0.47, recorded on February 9.
TST was initially launched as a test token by BSC Same Coin Deployer Four.meme. The mention of CZ social media of the active has drawn significant attention.
Although some consider it as an experimental trade, criticism argues that its involvement has inadvertent commitment to the BNB network.
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