Australian cryptocurrency app CoinJar lists BAL, ENJ, GRT, MATIC, USDT and WBTC

Australian cryptocurrency app CoinJar lists BAL, ENJ, GRT, MATIC, USDT and WBTC


CoinJar, a popular Australian Bitcoin/cryptocurrency exchange, announced today that it has listed six new coins, including BAL, ENJ, GRT, MATIC, ESDT and WBTC.Starting today, users will be able to buy and sell all these coins on CoinJar; join 24 cryptocurrencies Users can already trade, store and send.

Six new listings

  1. Balancer (BAL)
  2. Enjin (ENJ)
  3. Figure (GRT)
  4. Polygon/Matic (MATIC)
  5. Tether (USDT)
  6. Packaging Bitcoin (WBTC)

Balancer (BAL)

An automated market maker (AMM) built on the Ethereum blockchain, similar to Uniswap and Curve. Users earn BAL tokens by creating and maintaining liquidity pools. BAL tokens are governance tokens, which means they give holders the right to participate in network decision-making. Since these decisions usually involve rewards and fees generated by the Balancer agreement, there will be financial incentives to hold and participate.

Enjin (ENJ)

One of the pioneers of non-fungible tokens (NFT). NFT is a unique mark that allows holders to prove the absolute ownership of digital assets.Through a process called casting, Enjin can easily Ethereum blockchainENJ is the currency that facilitates this process, allowing holders to mint and “melt” NFT.

Figure (GRT)

Graph describes itself as “a protocol for organizing blockchain data and making it easily accessible. chart Create an open market where information from different blockchains can be sold to developers who may need it to support their own smart contracts. Graph Token (GRT) is the currency that powers this market and provides incentives for those who index, manage, and sell data.

Polygon/Matic (MATIC)

A fast, cross-blockchain dApp development platform built on Ethereum. Like the ETH token, MATIC is the fuel that powers the Polygon network and facilitates the payment and settlement of transactions. Polygon uses the Proof-of-Stake consensus mechanism, which means that token holders can “stake” their tokens and get more MATIC returns.

Tether (USDT)

Pegged to the U.S. dollar, Tether allows people to buy and sell cryptocurrencies when it is difficult for exchanges to find reliable banking and fiat currency partners. As of 2021, the stablecoin market is booming, with a circulation of more than 100 billion U.S. dollars. But so far, Tether is still the largest participant, accounting for more than 60% of the market, and basically acting as the reserve currency of the crypto world.

Parcel Bitcoin (WBTC)

The invention of the DeFi movement. Linked to the value of Bitcoin itself, WBTC is a way to represent Bitcoin ownership on the Ethereum network (that is, you lock Bitcoin in a smart contract and get an equivalent amount of WBTC in return). Owning WBTC means that you can use the bitcoins you own on DeFi applications, for example, to buy tokens on Uniswap, or as liquidity pool collateral on platforms such as Compound or Balancer.

Source link

More to explorer

Understanding Key Factors in Accidents

Pedestrian Safety Statistics Pedestrian safety is an urgent concern worldwide, with over 1.3 million people dying in traffic accidents annually. Pedestrians account