Binance exchange adds support for Mirror Protocols native governance token, the Mirror Token (MIR). After news hit of support for Mirror, the trading price for the asset rose by 13% in the hour afterwards. Mirror is up a total of 30% for the last 24-hours, trading at $10.56USD as of writing.
What is Mirror Protocol?
Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets track the asset prices in real-world markets, giving users the ability to access the price of real-world assets. The Mirror Token (MIR) is minted by the protocol and distributed as a reward to reinforce behavior that secures the ecosystem.