Here’s Why FLock.io (FLOCK) Jumped Over 150% Today

FLock.io (FLOCK) has seen an impressive increase in its price over the past day, surging by over 150%. The surge has secured the token a spot on CoinGecko’s 24-hours trending projects list, highlighting strong investor interest. 

FLOCK’s price increase was catalyzed by its listing on multiple reputable exchanges. The token is currently available for both spot and futures trading on several leading exchanges, including Coinbase, Upbit, and Binance.

FLOCK Secures Major Exchange Listings

On September 9, leading US-based crypto exchange, Coinbase, announced that it would add support for FLOCK on its platform. Trading for the FLOCK/USD pair on Coinbase is scheduled to start at 9:00 A.M. PT, only once the liquidity conditions are met. 

Coinbase also listed FLOCK on its decentralized exchange (DEX) platform. This will make the token available for DeFi users on the platform.

In addition to the Coinbase listing, FLOCK also secured a listing on South Korea’s largest exchange, Upbit. The exchange added support for the FLOCK/KRW trading pair on its platform on Tuesday. 

Notably, both exchanges encouraged users to use the Base network for their FLOCK transactions. Sending to other networks could result in a permanent loss of assets. 

Meanwhile, Binance Futures, the futures trading platform of the world’s largest crypto exchange Binance, launched a USD-margined perpetual contract for FLOCK. This listing allows leverage traders to trade the FLOCK/USDT pair on the futures market with a maximum leverage of 75x.

FLOCK Hits New ATH Following Exchange Listings

Following the listing announcements, FLOCK’s price rose to a new all-time high (ATH) of $0.66 in the early hours of September 9. This marked an over 150% increase from the previous day.

The surge also propelled the token’s market capitalization to over $110 million, positioning it among the top-performing tokens in the crypto market in the past 24 hours. Aside from the impact on the token’s price, the listings also catalyzed a surge in trading activity. According to CoinGecko data, the token’s 24-hour trading volume rose to over $109 million. 

Remarkably, although FLOCK has shed some of its gains in the past few hours, currently trading at $0.4, the trading volume has continued to increase. At press time, the token’s trading volume was sitting at $424.8 million. 

Notably, exchange listings are typically associated with rapid price spikes. Coinbase provides FLOCK access to U.S. users while Upbit’s listing makes the token available to South Korean traders, who are renowned for their retail trading activity. These listings enable the project to expand into new markets, significantly boosting its visibility and trading activity.

What is Flock.io (FLOCK)

FLock.io is a decentralized AI model training and validation network built on the Base Network. The project seeks to decentralize the development of AI models, solving critical issues posed by centralized AI governance. 

The project is designed to increase public participation in AI model creation and development. Thus, rather than the AI industry being dominated by a few large corporations, FLock.io seeks to empower communities to create and train AI models while retaining control over their data.

FLock.io combines decentralized governance with federated learning to build a collaborative platform where data contributors, developers, and validators can work together to build AI models. With this approach, the platform ensures the development of ethical, high-quality AI models while ensuring that contributors are fairly rewarded.

Sitting at the center of the FLock.io ecosystem is its native token, FLOCK. With a supply cap of 1 billion tokens, FLOCK incentivizes ecosystem users, supports governance, and boosts security.

Holders can stake their tokens to participate in AI training tasks. Participants are then rewarded for their contribution to the ecosystem’s development.

Users can access AI models using FLOCK. The token is also used to pay fees for participating in the training and validation processes of AI models. Additionally, the token offers holders governance rights, allowing them to vote on key decisions that affect the project’s long-term growth. 

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