Author: Jagdish Kumar, India
In order to provide more tokens to its user, India’s major cryptocurrency exchange platform has integrated 8 new tokens.
After this, the user will be able to buy, sell and withdraw or even exchange theses new tokens.
These new tokens were added in a week looking at the demand from the users as well as its market potential.
Unocoin is not the only exchange to do so, very recently, Zebpay, one of the leading cryptocurrency exchange have also added many new tokens that6 includes, Tron, Augur, VeChain and more to its platform.
The new tokens company has added are Basic Attention Token (BAT); Bread (BRD); Zilliqa (ZIL); Funfair (FUN); Golem (GNT); Augur (REP); 0x (ZRX); and Civic (CVC).
Backed by Blume Ventures, the company was started in 2013 and operates BTC (Bitcoin)-INR trading platform which enables people to buy, sell, store, use and accept bitcoin, which is a form of digital currency, created and held electronically.
Currently, Unocoin has over 150,000 users and has a daily trading value of $476,710, according to CoinMarketCap.com
Let look at the coin the company has introduced in its stable, BAT is the token of a decentralized digital advertising platform that aims to improve the efficiency of digital advertising with its token.
BRD token is a popular cryptocurrency wallet. If someone uses it with Bread wallet to make payments the user is rewarded with discounts and additional services.
ZIL which has a market value of $1.05 billion is a high throughput blockchain network with scalability as its main appeal. The platform is built with sharding technology to provide better scalability as its network grows, whereas, FUN token provides blockchain-based casino technology solutions to online gaming platforms and casinos. Currently have a market cap of $230 million.
Golem project aims to create world’s largest supercomputer by utilizing the idle computing power in our PCs and smart devices, while Augur with a market cap of $578 million wants to a build a search engine for future by leveraging the wisdom of crowds. It allows people to forecast events and then be rewarded for them with REP tokens.
Whereas, 0x protocol aims to develop a decentralized cryptocurrency exchange and currently has a market cap of $735 million. Civic aims to provide low cost identity verification services with blockchain technology.
Image Credit: cryptoninjas.net