ZebPay recently launched 6 new coins on our crypto exchange platform. The coins are BitTorrent (BTTC), Basic Attention Token (BAT), Decentraland (MANA), Chainlink (LINK), EOS (EOS) & 1inch (1INCH). ZebPay has brought tremendous value to its users by rapidly expanding and launching newer coins on their crypto exchange platform. Considering that there are around 8000+ cryptocurrencies in circulation, it is clearly not an easy task. That’s why ZebPay brings in new coins every day. The following article discusses the use cases, token economy and description of 6 coins. Let’s dive in! What is BitTorrent (BTTC)? BitTorrent is a digital token used to power the world’s most powerful decentralized protocols and applications. BitTorrent started in 2001 as the world’s first decentralized file sharing protocol developed by programmer Bram Cohen. Currently, BitTorrent’s peer-to-peer protocols allow its users to boast faster transmission speeds compared to HTTP (hyperetext transfer protocol) or FTP (file transfer protocol). BitTorrent currently operates in approximately 138 countries and has approximately 100 million active users. BitTorrent’s native token is called BTTC. It is used as a token for governance and money on the platform. What is Basic Attention Token (BAT)? Basic Attention Token is a blockchain-based marketing platform that allows users to earn rewards, powered by BAT. BAT is the platform’s native ERC-20 token. The platform also has an internet browser called Brave. Therefore, they have created an entire ecosystem in which BAT token can be used. BAT allows advertisers, publishers and users to transact within the platform and also earn BAT. What is Decentraland (MANA)? Besides being another coin launched by ZebPay, Decentraland is a 3D virtual reality platform built on Ethereum. Decentraland is currently building a decentralized, blockchain-based virtual world. This virtual world can be used by creators to create, experience and monetize content and applications. In addition, users can earn a lot of money with their creations. MANA is one of the platform’s native tokens. It is used as an exchange of value on the platform. Not only that users can also earn MANA on the platform and spend it on in-game purchases of goods and services. The other token LAND is used to represent land ownership. What is Chain Link (LINK)? Chainlink is a decentralized oracle network for smart contracts and data sources. Essentially, the platform acts as an intermediary between smart contract platforms and data sources. Therefore, smart contracts can securely access off-chain data feeds. It was founded in 2017 and launched its official mainnet in 2019. You can find the whitepaper here. The platform’s native token is LINK. It is used as both a payment and working token. It is also used as collateral on the platform. In addition, you can also wager LINK and earn more LINK as rewards on the platform. What is EOS (EOS)? Another new one launched by ZebPay! EOS is basically an open source platform used to support smart contracts and decentralized applications in its creation. The protocol features a Delegated Proof-of-Stake (DPoS) consensus mechanism. This helps keep the platform safe and provides reasonable performance guarantees. EOS offers scalability and transaction throughput that is higher than traditional networks. The platform’s native token is EOS. It is used to buy or rent services such as network bandwidth, computing power, storage capacity, and voting rights. Therefore, making it the most useful piece of the puzzle. What is 1inch (1INCH)? Another new one launched by ZebPay! The 1inch Network was founded in 2019 by Serjex Kunz and Anton Bukov. They soon developed their first product called 1inch Aggregation Protocol which served as a DEX aggregator. Soon, 1inch grew into three separate decentralized protocols for the exchange of cryptocurrencies. Not only that it enables liquidity by aggregating it through different protocols and enabling cost-effective transactions. The platform’s native token is called 1INCH and it serves two purposes. First, it is used as the governance token. Therefore, people who own it have the right to vote. Second, it is used as a utility token where it is used to bring highly efficient routing to the network.
Source link
