Currencies

BITCOIN – BTC

Bitcoin is the first cryptocurrency that was launched in 2009 by a person or a group of people that went by the name of Satoshi Nakamoto. It was first described in the whitepaper known as «Bitcoin: A Peer-to-Peer Electronic Cash System» that detailed exactly how it would work. It is currently available in many crypto markets and has a high market cap.

AXIE INFINITY – AXS

Axie Infinity Shards (AXS) are the glue that binds all Axie community members together.

AXS holders will be able to claim rewards if they stake their tokens, play the game, and participate in key governance votes. Players will also be able to earn $AXS when they play various games within the Axie Infinity Universe and through user generated content initiatives.

CHAINLINK – LINK

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.

POLYGON – MATIC

Polygon (formerly Matic Network) is a blockchain platform that enables blockchain networks to connect and scale. It aims to create a multi-chain blockchain ecosystem compatible with Ethereum. As with Ethereum, it uses a proof-of-stake consensus mechanism for processing transactions on-chain while deriving its security from Ethereum. Polygon’s native token is named MATIC.

Polygon is used in decentralized applications (dApps) such as Defi, DAOs, and NFTs.

ETHEREUM – ETH

It is the cryptocurrency generated by the Ethereum protocol as a reward to miners in a proof-of-work system for adding blocks to the blockchain. It is the only currency accepted in payment of transaction fees, which also go to miners.

BINANCE – BUSD

BUSD is a stablecoin pegged to the United States dollar (BUSD), issued by Paxos. BUSD, which is NYDFS approved, is available for purchase and redemption at an exchange rate of 1 BUSD to 1 USD.

In addition, BUSD is green listed by the NYDFS, making any NYDFS virtual currency licensee pre-cleared to hold or trade this currency.

BUSD is a fiat-pegged stablecoin, pegged to the US dollar. For every unit of BUSD, there is one US dollar in reserve. In other words, Paxos holds custody of an amount in US dollars equal to the total supply of BUSD. These dollars act as reserves in US banks insured by the Federal Deposit Insurance Corporation (FDIC).

TETHER – USDT

Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Tether works to disrupt the conventional financial system via a more modern approach to money. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility and complexity typically associated with a digital currency. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain