27 April 2020, 17:04
2 min reading
Meeting, dancing, hugging, chatting, shopping, working… living. Our lives have changed drastically in the last couple of months. The COVID-19 has forced us all to stay home in order to survive this silent but dangerous threat. In times when one needs a special permit to buy groceries, one might think that freedom is gone. While
Meeting, dancing, hugging, chatting, shopping, working… living. Our lives have changed drastically in the last couple of months. The COVID-19 has forced us all to stay home in order to survive this silent but dangerous threat. In times when one needs a special permit to buy groceries, one might think that freedom is gone.
While this is all temporary and toilet paper will never be as expensive as Bitcoin, we feel the need to give our customers a little extra hope — hope that freedom is not on the line. That said, we’re excited to announce that we’ll adding the following coins on the Crypterium Wallet:
Last year, Crypterium added support for three major cryptocurrencies: Ripple (XRP), Bitcoin Cash (BCH), and USD Coin (USDC). The listing of these new tokens follows our deep desire to offer Crypterium users more freedom to manage their digital finances hassle-free.
Here is a quick overview of each of them, and how you can use them in the Crypterium Wallet:
Tether is a fiat collateralized stablecoin pegged to the US dollar. This stablecoin was originally launched in July 2014 as RealCoin, and rebranded as Tether a few months later.
Since its release, Tether has become a go-to choice for cryptocurrency holders when it comes to protecting their assets against the wild volatility of the cryptocurrency market.
Every Tether is 100% backed by the company’s reserves. The reserves, unlike USD Coin, consist of multiple assets, such as traditional currency, cash equivalents, commodities, and even loans. The collective value of the reserves keep the 1-to-1 ratio with the US dollar.
Tether is a pioneer in the stablecoins field, having recently developed additional options pegged to the Euro (EURT), the Chinese Yuan (CNHT), and physical Gold (TAUX).
The Maker (MKR) token belongs to MakerDAO — a decentralized autonomous organization that aims to provide stability to the cryptocurrency economy. To make it happen, MakerDAO created two different tokens: Dai (DAI) and Maker (MKR).
Dai is a collateral-backed stablecoin pegged to the US dollar. This stablecoin can be used in the exact same way as other coins to store value, and serve as a reliable medium of exchange.
The Maker (MKR) token, on the contrary, was developed with the sole purpose of ensuring DAI’s stability. Unlike other stablecoins which rely on reserves of fiat currencies or commodities to peg their value to real-world assets, DAI’s stability is achieved through a framework of aligned financial incentives.
The MKR token gives holders access to the decisions that impact DAI’s value. For example, enabling them to vote on certain policy-related matters. Moreover, the MRK token serves as a recapitalization source, which incentivizes holders to properly govern the system.
QASH is an ERC-20 token developed by the Quoine team to fuel the services on the Liquid exchange platform. In a similar fashion than CRPT, QASH is a utility token used to pay for fees.
For example, if you are trading on Liquid and decide to pay your trading fees with QASH, you are entitled to a 50% discount. Holders of this token also get access to other promotions and exclusive investment opportunities on the Liquid platform.
The LINK token is an Ethereum-based token used to reward oracles for aggregating and verifying data on the Chainlink platform. The goal of Chainlink is to bridge the gap between the Ethereum blockchain and legacy systems. However, the company intends to support other blockchains in the future.
The Chainlink blockchain platform allows customers to connect smart contracts to multiple inputs of outside data and APIs, as well as to outputs that enable payments processing and other applications needed to enforce the digital agreements.
Augur is a free, open source, decentralized oracle and P2P protocol for prediction markets. The platform consists of smart contracts developed in Solidity and deployed on the Ethereum blockchain. Users of the platform can create their own prediction markets. For example, you can create a market called “Will Bitcoin end 2020 above $20,000?”. Other participants can easily join that market by betting on the occurrence of such an event or not.
The Reputation (REP) token is a cryptocurrency used during market dispute phases on the Augur platform. Holding REP tokens is the prime mechanism to resolve market disputes when it comes to the outcome of a specific event. REP holders report on the event and gain rewards in the form of fees. If they do not report or report incorrectly, they are penalized.
Thailand-based Omise is a payment gateway launched in 2013 that’s become a powerful choice in the region, positioning itself as the Asian alternative to Stripe.
Ethereum co-founders Vitalik Buterin and Gavin Wood are part of the advisory team and the project counts on the support of Thailand’s Finance Minister.
In 2017, founders of Omise launched OmiseGO after raising $25 million in an Initial Coin Offering. OmiseGO platform is focused on allowing people to “securely access financial services, invest, exchange and spend digital assets anytime, anywhere.” The OMG token lies at the core of the OmiseGO, helping run the smart contracts.
The Basic Attention Token (BAT) is a part of a multi-stage solution to the current digital advertising environment — overrun by middlemen, trackers and fraudsters.
The ERC-20 BAT token is the utility token of a new, decentralized, open source blockchain-based digital advertising platform run on the Brave browser — already operational.
By surfing the internet through the Brave browser, users not only increase speed as regular ads are blocked, but also have a chance to fairly get rewarded with BAT rewards.
In this ecosystem, advertisers can release ads based on more relevant targets, saving thousands of ad dollars. Moreover, users get rewarded for simply being exposed to those ads.
As far as content creators are concerned, they can benefit from tips by the users. The Brave token is fully operational, and you can download it here
The idea of decentralized exchanges (DEXs) is gaining traction in the cryptocurrency community. You can even trade CRPT on Binance DEX — one of the leading players in that field. 0x is a decentralized exchange protocol for ERC-20 tokens that developers can use to develop and deploy their own exchanges.
0x has developed the ZRX token as a way to incentivize liquidity for market makers. Typically, they will create a staking pool and hold ZRX tokens. Depending on many factors, they will get rewarded in ZRX tokens for their efforts.