BingX is all geared to list a set of new cryptos by the third quarter of March.
Singapore – March 16, 2022 – Great news for BingX members looking for new investment opportunities in the coming weeks. The renowned crypto social exchange has recently announced to launch new cryptos next week.
As per the sources, BingX will be launching 5 new cryptos by the third quarter of March 2022.
“We are glad to share with you all that we will be launching as many as 5 new cryptos shortly. We are always looking forward to supporting our members with new investment opportunities so that they can find better opportunities and diversify their portfolio. The upcoming 5 cryptos on our platform show huge potential and we are positive, our new inclusions would bring promising returns for our users.”
The new cryptos that will be launched by BingX in the next week are:
ChainLink
Developed on Ethereum, ChainLink is a state-of-the-art decentralized oracle which is dedicated to provide smart contracts with tamper-proof data sourced from off-chain platforms. Smart contracts are unable to access data from external sources given certain blockchain restrictions. Oracles like ChainLink facilitate such accessibility which eventually enables smart contracts to function at their full potential. LINK is the native token of chainlink, Data providers have to stake in LINK to take part in ChainLink network. ChainLink is extremely serious about operating with valid data and rewards those providers who offer valid information. The platform also nullifies the stakes of unethical data providers who offer invalid data.
AMP
AMP can be defined as an advanced extensible platform designed for collateralizing various asset transfers, say Bitcoin or Ethereum. Rise in BTC or ETH usage and transfer has led to increased congestion on those platforms, resulting in serious transaction delays as well as unconfirmed payments This is where amp comes to help. Put simply, AMP helps to facilitate faster and more reliable payments for vendors, irrespective of the congestion status on networks.
Deez Nut
Inspired by a popular meme, namely, “Deez Nuts”, Deez Nut is one of the rising cryptos today. The cutting-edge cryptocurrency is designed with the goal to make the process of micro-transactions fast, convenient, as well as inexpensive. DEEZNUTS is the native token of Deez Nut. A major factor that makes deez nuts different from other cryptos is that it is engineered to operate within the mainstream financial system only.
Akita Inu
No listing of cryptocurrency today is complete without a puppy coin and Akita Inu is one of the latest additions to the roster. As the name hints, Akita Inu is a meme-based coin that has announced to transfer 50% tokens to none other than the ETH great Vitalik Buterin. AKITA is the native token of akita inu. The other half would be stored in the Uniswap pool.
Curve DAO
A popular DeFi platform, Curve utilizes AMM (Automated Market Maker) for easy liquidity management. Based on Ethereum, the curve token (CRV) powers Curve.fi- decentralized exchange as well as AMM protocol. The protocol has been developed to ensure convenient swapping between the ERC-20 tokens, like stablecoins and ETH-based Bitcoin tokens.
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