We are excited to announce that we’ve added 7 new cryptocurrencies – XLM, ETC, AAVE, LINK, CAKE, GALA, AXS – to the CryptoUnity exchange, bringing the total to over 20 cryptocurrencies available for trading! These additions are designed to enhance your trading experience, whether you’re just starting or looking to expand your portfolio.
Here’s a brief introduction to each of the newly added cryptocurrencies:
What is Stellar Lumens (XLM)?
Stellar Lumens (XLM) is a cryptocurrency launched in 2014 by Jed McCaleb, co-founder of Ripple. The XLM coin powers the Stellar network, enabling users to send funds quickly and cheaply. Stellar’s partnerships with financial institutions and its focus on real-world use cases have made it a popular choice for cross-border transactions.
The Stellar network is designed to facilitate fast, low-cost cross-border payments, making it easier for individuals and businesses to transfer money globally. Stellar’s focus on financial inclusion aims to provide affordable financial services to those without access to traditional banking.
What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a blockchain platform that was created in 2016 following a split from the original Ethereum network. This split, known as a “hard fork,” occurred due to differences in how the community wanted to handle a significant hack. Ethereum Classic preserves the original Ethereum code, promoting the principles of immutability and “code is law.”
The ETC coin powers the Ethereum Classic network, enabling smart contracts and decentralized applications (dApps). While Ethereum has continued to evolve, Ethereum Classic remains committed to maintaining the original vision of a decentralized and unchangeable blockchain.
What is Aave (AAVE)?
Aave (AAVE) is a decentralized finance (DeFi) platform built on Ethereum that lets users lend and borrow cryptocurrencies without needing a traditional bank. Launched in 2020, Aave has become a DeFi leader with features like flash loans and rate switching. Users can earn interest on their crypto by lending it out or using their assets as collateral to borrow other cryptocurrencies.
The AAVE token is the native currency of the Aave platform, providing governance rights and serving as a safeguard for the protocol. Aave’s focus on transparency and security has made it a popular choice for those looking to participate in decentralized finance.
What is Chainlink (LINK)?
Chainlink (LINK) is a decentralized network launched in 2017 that allows smart contracts on blockchains to securely interact with real-world data, events, and payments. By providing reliable data connections, Chainlink expands what smart contracts can do, enabling them to use information from outside the blockchain.
The LINK token is the native cryptocurrency of the Chainlink network, used to pay for data services and encourage data providers to deliver accurate information. Chainlink’s ability to connect smart contracts with external data has made it a vital part of the growing DeFi ecosystem.
What is PancakeSwap (CAKE)?
PancakeSwap (CAKE) is a decentralized exchange (DEX) on Binance Smart Chain, launched in 2020. It allows users to trade cryptocurrencies directly without relying on a centralized exchange. Known for its low fees and fast transactions, PancakeSwap has quickly become popular for trading Binance-based tokens.
The CAKE token is used for governance, staking, and earning rewards. Users can participate in activities like staking to earn more CAKE or providing liquidity to the platform. PancakeSwap’s focus on accessibility and user-friendly features has made it a favorite in the DeFi space.
What is Gala Games (GALA)?
Gala Games is a gaming platform built on blockchain technology, allowing players to truly own the items and assets they earn in games. By playing games on Gala Games, players can earn GALA tokens, which can be used to buy items, help develop new games, and have a say in how the platform is run.
The GALA token is the main currency in the Gala Games world. It lets players influence game development and the platform itself. Gala Games focuses on giving players more control over their gaming experience and the rewards they earn.
What is Axie Infinity (AXS)?
Axie Infinity (AXS) is a blockchain-based game where players collect, breed, and battle fantasy creatures called Axies. Built on Ethereum, Axie Infinity allows players to earn AXS tokens by playing the game, participating in battles, and completing tasks. These tokens can be used to buy in-game items, breed Axies, and vote on future developments of the game.
The AXS token is central to the Axie Infinity ecosystem, enabling players to participate in the governance of the platform and earn rewards. Axie Infinity has become popular for its play-to-earn model, where players can make real income from their in-game activities.
These new cryptocurrencies are now live on the CryptoUnity exchange and ready to enhance your trading experience. Whether you’re looking to diversify your investment portfolio or explore new trading opportunities, these cryptocurrencies offer fresh ways to engage with the broader market.
Expand your portfolio and start trading with XLM, ETC, AAVE, LINK, CAKE, GALA, and AXS on CryptoUnity Exchange today!
