Red Pulse (RPX) is one of the rare cryptocurrencies that was a functioning company before they decided to embrace the blockchain world. Is a data-driven research firm that’s trying to dominate the information exchange market in China – the world’s biggest economy when it comes to purchasing power parity (PPP).
It’s a platform where analysts and experts contribute content, which hedge funds, journalists, banks, and government organizations pay to use in order to gain insight on the Chinese economy.
There is a big need for this in China right now, with a very boisterous information ecosystem that’s overrun with noise and incomplete aggregation of knowledge – at least the current paradigm isn’t living up to the potential that lies in the Chinese data universe.
The Red Pulse coin is surging today
At the time of writing, this digital currency has skyrocketed 51% higher – compared to its price 24 hours ago. That makes it today’s 2nd-biggest gainer for coins with market values higher than $100 million.
So, why is the Red Pulse coin enjoying so much of a price boost today? It probably has something to do with the fact that this currency just got added to one of the most popular cryptocurrency exchanges on the market – Binance.
Red Pulse is the first NEP5 token to be listed on @binance_2017 . Trading pairs include BTC, ETH, and BNB.
Trading is already live on Binance!https://t.co/4XExaSLHaa
— Red Pulse (@red_pulse_china) February 12, 2018
Needless to say, getting added to one of the top crypto trading platforms is a huge event for any cryptocurrency. But the most memorable thing about this is that it’s the first NEO (NEO) token – known as NEP-5 tokens, to be put on this particular exchange.
It was also the first NEP-5 token to ever get listed on Neon Exchange (NEX):
Partnership between Red Pulse and NEON Exchange #NEX! #RPX will be the first NEP5 based decentralized app on NEX. NEX to develop an innovative seamless fiat-to-crypto conversion solution for Red Pulse users. #CoZ #Blockchain #Crypto https://t.co/eOxkKHUwUC pic.twitter.com/8Nziw99Nz4
— Red Pulse (@red_pulse_china) February 8, 2018
It might actually end up being easier to just get RPX coins on the NEX exchange, because the exchange – according to Red Pulse – will “also aim to develop a solution that will be embedded within the Red Pulse platform, allowing for seamless purchasing of RPX using conventional credit cards to directly convert to fiat, and deposit to users’ bank accounts using integrators on NEX’s network.”
Red Pulse (RPX) is poised to grow a lot this year
During the next quarter, Q2 2018, this company will do a beta test of the RPX-based platform and also boost its partnerships and integration. The second half of the year, however, is when the real action will take place:
And next year, there is even more on the roadmap – including expanding to North America and enabling open-source blockchain applications to launch on the network.
Looks like there will be a lot of growth in this platform, and most likely with its price right alongside it.
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.