One of many major objectives set this yr for SpectroCoin was to develop the number of cryptocurrencies supplied on our platform. Our crew has been working exhausting to ship the primary piece of recent additions as quickly as doable. At the moment, we’re glad to share thrilling information – now you can purchase and promote ten new ERC-20 tokens at SpectroCoin.
Why ERC-20 tokens?
Thus far, our purchase and promote checklist concluded of twelve widespread cryptocurrencies, together with main ones comparable to Bitcoin, Ethereum, and Litecoin, and a variety of stablecoins like Tether, USD Coin, and Paxos Normal. Listening to our neighborhood, we noticed an enormous demand from our shopper base to implement extra ERC-20 tokens into the platform.
ERC-20 tokens, cryptocurrencies constructed on the Ethereum blockchain, give extra worth to their holders. Normally, customers acquire a risk to vote on the project-related choices, acquire recurring rewards, or use the companies supplied by the challenge at a reduced fee. Awhile, ERC-20 tokens performed a necessary position in ICOs (Preliminary Coin Choices) and crowdfunding tasks – corporations looking for to draw contributors to their tasks issued tokens.
What are the brand new ERC-20 tokens added to SpectroCoin?
With the current system launch, we enabled ten new ERC-20 tokens: WBTC, LINK, DAI, UNI, MKR, AAVE, COMP, ZRX, BAT, and SUSHI. We shortly introduce every of them under:
Wrapped Bitcoin (WBTC) is a token pegged to the worth of Bitcoin at a 1:1 ratio. The aim of wrapped cash is to widen the utilization of specific cryptocurrencies within the Ethereum purposes comparable to good contracts or Ethereum wallets.
Chainlink (LINK) is used to pay for companies supplied by the Chainlink challenge, a community that gives required real-time knowledge to Ethereum good contracts.
Dai (DAI) is a stablecoin backed by the US greenback. The token is used within the MakerDAO platform, a lending system during which DAI is borrowed and repaid by the customers.
Uniswap (UNI) is a governance token of the Uniswap platform – a decentralized trade constructed on Ethereum. Holding UNI tokens, platform customers acquire the proper to vote on the challenge improvement.
Maker (MKR) goals to enhance the volatility of the native Maker challenge’s stablecoin – DAI. The value of MKR solely will depend on the DAI utilization. Equally to different tokens, MKR token holders can vote on the enterprise improvement of the challenge.
Aave (AAVE) is a local token of the lending challenge primarily based on the Ethereum blockchain. Along with voting on the challenge improvement, AAVE holders can profit from discounted companies.
Compound (COMP) is a foreign money of the Compound protocol, permitting customers to lend and borrow crypto with none intermediaries. Additionally, COMP tokens are used as a reward for patrons taking part within the Compound market.
0x (ZRX) is a utility token of the open-source Ethereum protocol, known as 0x. The protocol provides crypto trade on the Ethereum blockchain. Holding ZRX tokens, customers are required to pay for trades made on this protocol.
Primary Consideration Token (BAT) is used to pay for companies supplied by the promoting software program, named Primary Consideration Token. The software program permits to trace customers’ consideration and time spent on the Courageous browser.
SushiSwap (SUSHI) is a token of a decentralized platform known as SushiSwap, during which customers are in a position to purchase and promote cryptocurrency. Token holders can counsel changes and resolve on different customers’ proposals to the platform.
SpectroCoin customers can already purchase, promote, maintain, deposit, and withdraw these tokens on the platform. After all, that’s not it – our crew is constant their work to deliver much more cryptocurrencies to SpectroCoin. Keep tuned!
If in case you have any questions concerning ERC-20 tokens at SpectroCoin, don’t hesitate to get in contact with our buyer help by way of the LiveChat bubble accessible on our web site or drop an e mail at [email protected].