ZebPay has launched 17 coins on their crypto exchange in a Mega rapid coin listing. Users can now trade between even more options. Furthermore, ZebPay is planning on launching more coins on their exchange.
We at ZebPay constantly stay ahead of the curve and provide our customers with the best cryptocurrencies to trade and invest in. ZebPay has yet again proved this true by launching 17 new coins on our platform for you to trade-in. This is come about with the help of our Mega Rapid coin listing! Let’s dive into which coins have been listed!
ZebPay’s Rapid Crypto listing: An overview
Among the coins listed on the rapid listing, there are coins with large and small market capitalization. The coins listed are as follows: Kava (KAVA), Dusk (DUSK), Elrond (EGLD), Dent (DENT), The Internet Protocol (ICP), Gala (GALA), Algorand (ALGO), Mdex (MDX), Coti (COTI), Near (NEAR), Filecoin (FIL), Harmony (ONE), The Theta Network (THETA), VeChain (VET), THORchain (RUNE) and Uma (UMA).
ZebPay’s Rapid Crypto listing: diving into details
Kava (KAVA) is a cross-chain DeFi platform that aims to support multiple applications and services for cryptocurrency users. The blockchain platform provides a safe and secure environment for DeFi apps and services to run. Kava is a Layer-1 blockchain and it provides services such as stable coins, bonds and lending to crypto users. The platform uses a Tendermint-based Proof-of-Stake (PoS) consensus mechanism that offers Byzantine Fault Tolerance, instant finality, and security.
Dusk (DUSK) aims to provide the underlying technologies for securities. It is an open-source and secure blockchain (DLT) infrastructure that can be used by businesses use to automate costly processes and tokenize financial instruments. The platform offers fast and confidential transactions by allowing for strict on-chain data privacy by using zero-knowledge proofs. Using the platform, businesses can have the power of permissionless smart contracts and the privacy of ledgers at their fingertip.
Elrond (EGLD) is a blockchain designed for high throughput and faster execution speeds compared to existing smart contract platforms in the market. In order to provide a solution for the scaling problem, the platform uses Adaptive State Sharding and a Proof-of-Stake (PoS) variation called Secure PoS to secure the network. The platform contains a WebAssembly-based virtual machine that can support the creation and execution of decentralized applications (dApps). Not just that, Elrond uses a secure randomness beacon with BLS signing to make the randomness source unpredictable.
Dent (DENT) is a revolutionary digital mobile operator that offers eSIM cards, mobile data plans, top-ups and a roaming-free experience. The Dent platform has employed blockchain technology to create a marketplace for mobile data, thus liberalizing it in the process. Currently, it has features like mobile data sharing, worldwide mobile data, global voice calls, and Dent Exchange (a marketplace for trading DENT and other cryptocurrencies).
The Internet Computer Protocol (ICP) is a blockchain network built that supports smart contract development at scale. The main aim of the platform is to reinvent how users interact with internet applications as its nodes run on specialized hardware housed by various independent data centres. Internet Computer Protocol lets developers deploy and run applications through the use of canisters (similar to smart contracts). The canisters have a storage capacity of 4GB each. The platform has two core tokens: ICP and Cycles (created by burning ICP).
Gala (GALA) aims to create blockchain games that people want to play, are community-owned, and powered by the people. The Gala platform is riding the play-to-earn blockchain gaming wave and aims to form a great gaming ecosystem. The platform aims to reduce the tight grip of gaming giants over assets and game accounts. They have started this by building Gala Gaming Ecosystem and a new game called Town Star.
Algorand (ALGO) is a scalable, secure and decentralized digital currency and smart contract platform. The platform uses a Pure Proof-of-Stake consensus mechanism to secure the network and reach consensus on block production. Algorand protocol provides users with a robust set of developer tools such as dApps analytics and has a number of patterns building on its blockchain such as OTOY, Syncsort, TOP Networks etc. It is founded by Silvio Micali, who is an MIT professor and Turing award winner.
Mdex (MDX) is a decentralized exchange protocol that is built on the Huobi Eco chain (HECO), Binance Smart Chain and Ethereum. The aim of the platform is to be the best option for eco-token transactions and the largest DeFi ecosystem. The platform also aims to integrate DEX, IMO and DAO all into one. Mdex also aims to promote cross-chain compatibility between chains to create a fast and integrated DEX ecosystem.
Coti (COTI) is a fintech platform that is built on its own directed acyclic graph (DAG) based blockchain infrastructure. The platform uses a Proof of Trust consensus algorithm in order to make the platform secure and aims to become the base layer upon which future decentralized solutions are built. The platform has a multiDAG structure that enables the combination of independent DAG clusters into the COTI network. Finally, the fintech platform also supports cross-chain interoperability. This enables the enterprises to build their own payment networks and stable coins.
Near (NEAR) is a decentralized development platform that uses a Proof-of-Stake (PoS) consensus mechanism. The platform aims to feature a sharded architecture to scale transaction throughput and make them more efficient. Near uses a block generation scheme called Doomslug. Moreover, it uses a sharding design that is called Nightshade. The technologies are meant to work together and scale the network and minimize congestion.
Filecoin (FIL) is a decentralized data storage network that allows users to sell their excess storage space on an open platform. The platform has been developed by Protocol Labs, an open-source R&D lab. It acts as an incentive and security layer for IPFS. Filecoin enables the IPFS storage system to act as an algorithmic market. Using this market users can interact with storage providers. Users pay using Filecoin’s native token, FIL, in exchange for storing and distributing data on the network. In short, IPFS is the backbone and the Filecoin network is the surface market layer.
Harmony (ONE) is used to run Ethereum applications with a 2-second transaction finality, meaning transactions sent to Harmony are finalised within 2 seconds. Harmony also offers about 1000 times lower fees for transactions and block validation. Moreover, it offers cross-chain operability. More specifically it connects POW chains to POS chains. This cross-chain operability is used for transferring crypto assets like collectables, identity, governance etc. In reality, Harmony currently offers cross-chain asset transfers with Ethereum, Binance and three other chains. Therefore, Harmony is used for dApps that support cross-chain transfers. It was founded by Stephen Tse, Rongjian Lan, Nick White and Sahil Dewan in 2018.
The Theta Network (THETA) is a blockchain protocol that aims to improve the creation, streaming, and consumption of video content online. Recently, in June 2021, the network added NFTs to their product portfolio. Some examples of NFTs listed are trading cards of celebrities. In July 2021, Theta launched their Mainnet 3.0 by adding a smart contract capability to the project. The network currently offers features such as Thetadrop NFT, Theta TV, Theta P2P Network, Theta Mainnet, and Theta Network Proof of Stake mechanism.
VeChain (VET) is a smart contract platform that aims to help businesses by providing them with supply chain management solutions. Additionally, the platform aims to integrate businesses with the Internet of Things devices to help in the process. The platform aims to leverage distributed ledger technology in order to streamline operations and information flow for complicated supply chains. The network claims to provide a 360-degree view of information related to products and services to businesses that need it.
THORchain (RUNE) is built using Cosmos SDK and is an independent blockchain. The project aims to serve as a cross-chain decentralized exchange (DEX). The platform uses an automated market maker (AMM) model that looks like the first iterations of Bancor or Uniswap with RUNE as the base swap pair. This model allows traders to move between different asset pools using RUNE as a somewhat hidden intermediary. The platform rewards liquidity providers (LPs) with a portion of the trading fees.
Uma (UMA) is a decentralized platform that aims to enable the creation, maintenance, and settlement of “priceless” financial contracts on Ethereum. The system consists of priceless financial contract designs and a decentralized oracle mechanism. The UMA protocol enables any two counterparties to design and enter their own custom made financial contract. Currently, the platform offers features like Priceless DeFi Contracts, Trustless Tokenization and Data Verification Mechanism.