Fellow Coinstorers,
Coinstore will list APE(ApeCoin)、SNX(Synthetix)、ALGO(Algorand)、AAVE(Aave)、CAKE(PancakeSwap) and open APE/USDT、SNX/USDT、ALGO/USDT、AAVE/USDT、CAKE/USDT trading pairs.
Details are as follows：
APE(ApeCoin)
Deposit time： 2022/08/06 12:00（UTC+8）
Trade time： 2022/08/05 15:00（UTC+8）
Withdrawal time： 2022/08/06 12:00（UTC+8）
Issue date: 2022/3/17
Total supply: 1,000,000,000
Circulation: 306,875,000
Official Website: https://apecoin.com/
Block explorer: https://etherscan.io/token/0x4d224452801aced8b2f0aebe155379bb5d594381
Introduction:
ApeCoin is an ERC-20 governance and utility token used within the APE Ecosystem to empower and incentivize a decentralized community building at the forefront of web3.
ApeCoin holders govern themselves via the decentralized governance framework controlling the ApeCoin DAO, and vote on how the ApeCoin DAO Ecosystem Fund should be used. The APE Foundation administers proposals agreed upon by ApeCoin holders.
SNX(Synthetix)
Deposit time： 2022/08/06 12:00（UTC+8）
Trade time： 2022/08/05 15:15（UTC+8）
Withdrawal time： 2022/08/06 12:00（UTC+8）
Issue date: 2018/3/15
Total supply: 215,258,834
Circulation: 114,841,533
Official Website: https://synthetix.io/
Whitepaper: https://docs.synthetix.io/
Block explorer: https://etherscan.io/token/0xC011a73ee8576Fb46F5E1c5751cA3B9Fe0af2a6F
Introduction:
Synthetix is a decentralized finance (DeFi) protocol that provides on-chain exposure to a wide variety of crypto and non-crypto assets. The protocol is based on the Ethereum (ETH) blockchain and offers users access to highly liquid synthetic assets (synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset.
The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.
ALGO(Algorand)
Deposit time： 2022/08/06 12:00（UTC+8）
Trade time： 2022/08/05 15:30（UTC+8）
Withdrawal time： 2022/08/06 12:00（UTC+8）
Issue date: 2019/6/17
Total supply: 10,000,000,000
Circulation: 6,950,000,000
Official Website: https://www.algorand.com/
Whitepaper: https://www.algorand.com/technology/white-papers
Block explorer: https://algoexplorer.io/
Introduction:
Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.
The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.
AAVE(Aave)
Deposit time： 2022/08/06 12:00（UTC+8）
Trade time： 2022/08/05 15:45（UTC+8）
Withdrawal time： 2022/08/06 12:00（UTC+8）
Issue date: 2020/10/03
Total supply: 16,000,000
Circulation: 13,969,602
Official Website: https://aave.com/
Whitepaper: https://github.com/aave/aave-protocol/blob/master/docs/Aave_Protocol_Whitepaper_v1_0.pdf
Block explorer: https://etherscan.io/token/0x7fc66500c84a76ad7e9c93437bfc5ac33e2ddae9
Introduction:
ave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token — giving owners a say in the future development of the protocol.
CAKE(PancakeSwap)
Deposit time： 2022/08/06 12:00（UTC+8）
Trade time： 2022/08/05 16:00（UTC+8）
Withdrawal time： 2022/08/06 12:00（UTC+8）
Issue date: 2020/9/18
Total supply: 750,000,000
Circulation: 143,712,987.1
Official Website: https://pancakeswap.finance/
Block explorer: https://bscscan.com/token/0x0e09fabb73bd3ade0a17ecc321fd13a19e81ce82
Introduction:
PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
To learn more about this project, check out our deep dive of Pancakeswap.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.
These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.
PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.
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 4th, 2022
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