Radio Caca (RACA), one of the metaverse-focused altcoin projects, gave the expected reaction to two pricing news today. The first was that the project announced that it would burn 500,000,000 units of tokens in December. On top of that, adding that OKEx exchange will list RACA, the following 44% green candle was formed on the daily chart. Let’s take a quick look at RACA’s announcements on December 7th…
500 million RACA burned
RACA says there will be another 9 token burns in December. It has been announced that the amount of tokens to be burned this time is 500,000,000. While the RACA price reacted 20% to this news, the OKEx listing announced hours later triggered an additional rally…
We have another 9 burns to go for the rest of the December.
Enjoy the burn. pic.twitter.com/LB7yTPtrND
— Radio Caca (@RadioCacaNFT) December 7, 2021
Altcoin project is added to OKEx list
Hours from the token burning event, the latest OKEx exchange announced that it will list RACA on its official Twitter account.
▶ Deposit is NOW open
📈 RACA/USDT Spot trading goes LIVE 🟢 at 9:00 am Dec 7 (UTC)#NewListing details 🔽
— OKX (previously OKEx) (@okx) December 7, 2021
What is Radio Caca (RACA)?
According to the official website of the project; Radio Caca is a decentralized organization (DAO) run by internet-based individuals who share the vision to build one brave new virtual world around the world. Radio Caca has RACA tokens to be used in areas such as staking, play-win and GameFi. With RACA, you can currently trade on OKEx, Bitget, Gate.io and ZT exchanges. The altcoin project is currently the 221st largest cryptocurrency by market cap and is trading at $0.005343.