What is Polygon (MATIC)

Basic information:

Coin name: MATIC

Issuer: Polygon

Supply: The maximum supply of MATIC is 10 billion tokens; Circulating Supply: 8,006,803,952 MATIC

Description:

Polygon has its own cryptocurrency, called MATIC, which is used to pay fees on the Polygon network, for staking, and for governance (which means that MATIC holders get to vote on changes to Polygon). The name MATIC comes from an earlier stage in Polygon’s development. After launching as Matic Network in October 2017, developers rebranded as Polygon early in 2021. MATIC is an ERC-20 token, meaning that it's compatible with other Ethereum-based digital currencies.

Important links:

Litepaper: https://www.allcryptowhitepapers.com/wp-content/uploads/2019/04/matic-litepaper.pdf

Official website: https://polygon.technology/matic-token/

What is Cosmos (ATOM)?

Basic information:

Coin name: ATOM

Issuer: Cosmos Network

Supply: 286 million ATOM

Description:

Cosmos is focused on building interoperability of blockchains. The introduction of additional services such as the interchain bridges such as the Gravity Bridge to Ethereum and other EVM-compatible chains. The ATOM token is the native token of the Cosmos Hub. In return for securing the Hub's services by staking ATOM, transaction fees and staking rewards are distributed to the Cosmos Hub.

Important links:

Whitepaper: https://v1.cosmos.network/resources/whitepaper

Official website: https://cosmos.network/intro

What is Solana (SOL)?

Basic information:

Coin name: Solana (SOL)

Issuer: Solana Labs

Supply: Total supply: 511,616,946 SOL; Circulating supply: 325,728,069 SOL

Description:

Dubbed by some as “Ethereum Killer”, Solana adopters like it for its proof-of-stake protocol, structured around decentralization, which allows scalability and the building of decentralized aplications (dApps). The Solana ec3osystem now hosts over 300 DeFi projects, including a wide variety of applications spanning across crypto exchanges, NFTs, payments, web browsers, and more.

Right after Ethereum, Solana is the second most popular blockchain network for NFTs. The popular “move-to-earn” NFT game, StepN, is built on the Solana network.

Important links

Whitepaper: https://Solana.com/Solana-whitepaper.pdf

Official website: https://Solana.com/

We are glad to offer more coins and tokens to our users on the XREX crypto-fiat exchange. However, before investing in any cryptocurrencies, it is important to do one’s own research and have a comprehensive understanding as cryptocurrency trading is subject to high market risk.

Happy trading!

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