One of many major objectives set this 12 months for SpectroCoin was to increase the number of cryptocurrencies provided on our platform. Our staff has been working laborious to ship the primary piece of recent additions as quickly as doable. At present, we’re glad to share thrilling information – now you can purchase and promote ten new ERC-20 tokens at SpectroCoin.
Why ERC-20 tokens?
To date, our purchase and promote checklist concluded of twelve standard cryptocurrencies, together with main ones corresponding to Bitcoin, Ethereum, and Litecoin, and a variety of stablecoins like Tether, USD Coin, and Paxos Customary. Listening to our group, we noticed a large demand from our consumer base to implement extra ERC-20 tokens into the platform.
ERC-20 tokens, cryptocurrencies constructed on the Ethereum blockchain, give further worth to their holders. Normally, customers receive a chance to vote on the project-related selections, achieve recurring rewards, or use the companies offered by the undertaking at a reduced price. Awhile, ERC-20 tokens performed a necessary position in ICOs (Preliminary Coin Choices) and crowdfunding initiatives – firms in search of to draw contributors to their initiatives issued tokens.
What are the brand new ERC-20 tokens added to SpectroCoin?
With the latest 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 explicit cryptocurrencies within the Ethereum functions corresponding to good contracts or Ethereum wallets.
Chainlink (LINK) is used to pay for companies provided by the Chainlink undertaking, a community that gives required real-time information 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 achieve the best to vote on the undertaking improvement.
Maker (MKR) goals to enhance the volatility of the native Maker undertaking’s stablecoin – DAI. The worth of MKR solely will depend on the DAI utilization. Equally to different tokens, MKR token holders can vote on the enterprise improvement of the undertaking.
Aave (AAVE) is a local token of the lending undertaking primarily based on the Ethereum blockchain. Along with voting on the undertaking improvement, AAVE holders can profit from discounted companies.
Compound (COMP) is a forex of the Compound protocol, permitting customers to lend and borrow crypto with none intermediaries. Additionally, COMP tokens are used as a reward for patrons collaborating 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 offered 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 recommend changes and determine on different customers’ proposals to the platform.
SpectroCoin customers can already purchase, promote, maintain, deposit, and withdraw these tokens on the platform. In fact, that’s not it – our staff is continuous their work to deliver much more cryptocurrencies to SpectroCoin. Keep tuned!
When you’ve got any questions concerning ERC-20 tokens at SpectroCoin, don’t hesitate to get in contact with our buyer assist via the LiveChat bubble obtainable on our web site or drop an e-mail at [email protected].