in order to improve the current offering of available tokens on the platform, we are pleased to announce that we have added 3 very interesting cryptocurrencies: Tether (USDT), Uniswap (UNI), ChainLink (LINK), which can be traded immediately!
What is Tether (USDT)?
USDT is the leading stable-coin in the cryptocurrency market.
USDT is the main stablecoin in the cryptocurrency ecosystem: a stablecoin is a token whose price is stable because it is pegged to the value of an underlying asset, in the case of USDT the underlying is the U.S. dollar, so each USDT issued corresponds to a deposit of $1 in the bank reserves of the issuing company. This means that the value of 1 USDT is always equal to $ 1.
How does it work?
Unlike other cryptocurrencies and tokens whose value fluctuates based on market demand, the meeting of supply and demand, for USDT and any other stablecoin such as GUSD, DAI, USDC (available on our exchange) remains fixed, and therefore the “price” is pegged to the value of the underlying asset.
What is Uniswap (UNI)?
UNI is the governance token for the decentralized exchange Uniswap.
Uniswap is an AMM (Automated Market Maker), a cryptocurrency exchange platform built on the Ethereum blockchain. Uniswap allows you to exchange cryptocurrencies held in your wallet without the need for an intermediary, thanks to the use of smart contracts. In addition to trading on Uniswap you can also “farming” tokens, i.e. provide liquidity to the exchange platform to receive a commission of the various trades as a reward.
How does it work?
Unlike traditional centralized exchanges that operate with their own order book (like The Rock Trading), decentralized exchanges (DEX) use the liquidity provided by users to be able to execute trades and have liquidity.
Since there is no central authority that controls and manages everything, governance is left to the users themselves who can vote for or against changes based on how many UNI tokens they own.
What is Chainlink (LINK)?
LINK is a token developed on Ethereum (ERC20), born in 2017, and distributed as a reward for those nodes that provide the information outside the blockchain required to execute smart contracts. Following the development of Ethereum in 2015, smart contracts (i.e segments of computer code that are executed within the blockchain to perform some additional functions) have gained notoriety. These smart contracts, however, often need data in order to work, data that is often not present within the blockchain so a reliable source is needed to provide it.
The Chainlink project does just that, it greatly expands the capabilities of smart contracts by enabling access to real-world data and off-chain computation while maintaining the security and reliability guarantees inherent to blockchain technology.
How does it work?
Chainlink consists of two main components, the first internal and the second external to the blockchain.
Inside the blockchain, Chainlink creates smart contracts: “oracles” (technically, this is how information sources are defined), to which users make requests for data. After receiving the requests, the oracles interface with the second party, i.e. the one outside the blockchain to obtain the requested data which will then be returned in response to the requesters.
The external part is constituted by the oracle nodes, i.e. subjects that run the ChainLink Core software, these nodes provide the data requested by users and receive in return the LINK token, in case they respect all the rules.
When will the listing take place?
Deposits and Withdrawals: already active
Trading: already active
Symbol and decimals?
For any doubts or question, do not hesitate to contact us through our official channels.