Fellow Coinstorers,
Coinstore will list CRV(Curve DAO Token)、MKR(MAKER)、FTT(FTX Token)、ENJ(Enjin Coin)、LINK(ChainLink) and open CRV/USDT、MKR/USDT、FTT/USDT、ENJ/USDT、LINK/USDT trading pairs.
Details are as follows：
CRV(Curve DAO Token)
Deposit time： 2022/08/05 12:00（UTC+8）
Trade time： 2022/08/04 15:00（UTC+8）
Withdrawal time： 2022/08/05 12:00（UTC+8）
Issue date: 2020/8/14
Total supply: 3030000000
Circulation: 517994658
Official Website: https://curve.fi/
Block explorer: https://etherscan.io/token/0xD533a949740bb3306d119CC777fa900bA034cd52
Introduction:
Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.
Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.
In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.
MKR(MAKER)
Deposit time： 2022/08/05 12:00（UTC+8）
Trade time： 2022/08/04 15:15（UTC+8）
Withdrawal time： 2022/08/05 12:00（UTC+8）
Issue date: 2017/01/30
Total supply: 1005577
Circulation: 977631
Official Website: https://makerdao.com/en/
Whitepaper: https://makerdao.com/en/whitepaper/#overview-of-the-dai-stablecoin-system
Block explorer: https://etherscan.io/token/0x9f8f72aa9304c8b593d555f12ef6589cc3a579a2
Introduction:
Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.
Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.
MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.
The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.
FTT(FTX Token)
Deposit time： 2022/08/05 12:00（UTC+8）
Trade time： 2022/08/04 15:30（UTC+8）
Withdrawal time： 2022/08/05 12:00（UTC+8）
Issue date: 2019/05/08
Total supply: 352170015
Circulation: 134843402.47
Official Website: https://ftx.com/
Block explorer: https://etherscan.io/token/0x50d1c9771902476076ecfc8b2a83ad6b9355a4c9
Introduction:
FTT is the native cryptocurrency token of the crypto derivatives trading platform FTX that launched on May 8, 2019.
The team behind FTX comprises some of the largest crypto traders over the past few years who, having found issues with most mainstream crypto futures exchanges, decided to launch their own platform. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement.
In regards to clawback prevention, a significant amount of customer funds on other derivative exchanges have been claimed by socialized losses. FTX reduces this by using a three-tiered liquidation model.
On existing crypto futures exchanges, the collateral is fragmented across separate token wallets; this can be difficult for traders as it prevents positions from getting liquidated. On the other hand, FTX derivatives are stablecoin-settled and only require one universal margin wallet.
Another feature of the FTT are leveraged tokens, which allow traders to put leveraged positions without the need to trade on margin. If a trader wants to short Bitcoin with 3x leverage, they can simply buy a 3x short Bitcoin leveraged token on FTX. These tokens are ERC20-compatible and can be listed on any spot exchange. FTX currently offers XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens.
ENJ(Enjin Coin)
Deposit time： 2022/08/05 12:00（UTC+8）
Trade time： 2022/08/04 15:45（UTC+8）
Withdrawal time： 2022/08/05 12:00（UTC+8）
Issue date: 2017/11/2
Total supply: 1000000000
Circulation: 896399955
Official Website: https://enjin.io/
Whitepaper: https://docs.enjin.io/enjin-documentation/enjin-docs-navigation
Block explorer: https://etherscan.io/token/0xf629cbd94d3791c9250152bd8dfbdf380e2a3b9c
Introduction:
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.
Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.
Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs). Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:
Infuses them with a reserve value
Ensures their transparency and scarcity
Gives them instance liquidity
Provides utility in games and apps
Anti-inflationary
Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.
The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.
Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.
In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.
Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.
Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.
LINK(ChainLink)
Deposit time： 2022/08/05 12:00（UTC+8）
Trade time： 2022/08/04 16:00（UTC+8）
Withdrawal time： 2022/08/05 12:00（UTC+8）
Issue date: 2017/09/21
Total supply: 1000000000
Circulation: 469099970.45
Official Website: https://chain.link/
Whitepaper: https://chain.link/whitepaper
Block explorer: https://etherscan.io/token/0x514910771af9ca656af840dff83e8264ecf986ca
Introduction:
Founded in 2017, Chainlink is a blockchain abstraction layer that enables universally connected smart contracts. Through a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.
The Chainlink Network is driven by a large open-source community of data providers, node operators, smart contract developers, researchers, security auditors and more. The company focuses on ensuring that decentralized participation is guaranteed for all node operators and users looking to contribute to the network.
To learn more about this project, check out our deep dive of Chainlink.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinstore will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
Coinstore Global,
August 3rd, 2022
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