What is Avalanche (AVAX)?
Basic information:
Coin name: AVAX
Issuer: Ava Labs
Supply: The maximum supply of AVAX is capped at 720 million tokens;
Circulating Supply: 283,900,000 AVAX
Description:
Avalanche (AVAX) is a cryptocurrency and blockchain platform that rivals Ethereum. AVAX is the native token of the Avalanche blockchain, which—like Ethereum—uses smart contracts to support a variety of blockchain projects. The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees and secure the Avalanche network, and acts as a basic unit of account among blockchains in the Avalanche network.
Important links:
Official website: https://www.avax.network/
What is Aave (AAVE)?
XREX listed Aave (AAVE) on 18 August 2022. This further diversifies the list of tokens and coins that users can buy, sell, convert, and trade on the XREX platform. We are glad to offer more investment options to our users after detailed analysis conducted by our security and risk management teams.
In this article, we've prepared some basic information about one of our listed cryptocurrency on the XREX crypto-fiat exchange – AAVE.
Basic information:
Coin name: AAVE
Issuer: Decentralized Anonymous Organization (DAO), and it's 100% user-controlled.
Supply: There is a maximum supply of 16,000,000 AAVE ,Circulating Supply: 13,980,000 AAVE
Description:
Aave (AAVE) is a lending system that allows users to lend, borrow, and earn interest on crypto assets. The platform is a decentralized money market protocol where users can participate as either borrowers or lenders. Here, borrowers can borrow cryptocurrencies by paying variable interest rates. At the same time, the lenders provide liquidity to the market to earn passive income in the form of interest. In simpler words, Aave is a decentralized finance (DeFi) lending platform that creates an open and transparent system that works without the involvement of any intermediaries.
Important links:
Whitepaper: https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf
Official website: https://aave.com/
What is Algorand (ALGO)?
Basic information:
Coin name: Algorand (ALGO)
Issuer: The Algorand Foundation
Max Supply: 10,000,000,000
Description:
Algorand is a decentralized network that aims to support a wide range of applications that can be applied to the real world. Algorand strives to build secure, scalable and efficient systems. ALGO is the native coin of the Algorand blockchain, and can be used to pay for transactions, purchase on-chain items such as NFTs, participate in governance and more.
Important links:
Whitepaper: https://www.algorand.com/technology/white-papers
Official website: https://www.algorand.com/, https://www.algorand.foundation/
What is Maker (MKR)?
Basic information
Token name: Maker (MKR)
Issuer: Maker Protocol
Issue date: August 2017
Supply:Total supply: 1,005,577 MKR, Circulating supply: 977,631 MKR
Description:
Maker (MKR) is the governance token of Maker Protocol, which token holders get to decide on the policies regarding Dai, the stablecoin issued by Maker decentralized autonomous organization (DAO).
Today, there are more than 400 applications that have integrated Dai into payments, NFTs, DeFi gaming, and many more. Holders of MKR will get to participate in the process of governing Dai. This includes matters regarding upgrades to the platform, adjusting risk parameters, adding new collateral asset types, etc.
Important links:
Official website:https://makerdao.com/en/
What is Polkadot (DOT)?
Basic information
Token name: Polkadot (DOT)
Issuer: Web3 Foundation
Issue date: August 2020
Supply: Total supply: 1,103,303,471 DOT, Circulating supply 987,579,315 DOT
Description:
Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens. Connecting to Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. (credit: https://polkadot.network/)
The Polkadot ecosystem aims to connect different blockchains and allow cross-chain operability, in either public or private blockchain, and permissioned or permissionless blockchains. The team and developers are looking to integrate all kinds of real world data, and allow everyone to build their own Web or network, however they like.
Important links:
Whitepaper: https://polkadot.network/PolkaDotPaper.pdf
Official website: https://polkadot.network/
What is Chainlink (LINK)?
Basic information
Token name: Chainlink (LINK)
Issuer: Chainlink Labs
Issue date: September 2017
Supply: Total supply: 1,000,000,000 LINK, Circulating supply: 467,009,550 LINK
Description:
Chainlink 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. (credit: https://chain.link/)
Think about integrating sports, weather, medical insurance, traffic, or any kind of data into smart contracts, connecting real-world data into blockchains and decentralized apps. Binance Smart Chain (BSC) integrated Chainlink in 2020 and is available for use by any BSC smart contracts. Developers who want to build decentralized apps on BSC can integrate Chainlink’s Price Feed into to their own apps.
Important links:
Whitepaper: https://research.chain.link/whitepaper-v2.pdf
Official website: https://chain.link/
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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!