There’s a new crypto exchange backed by some of Wall Street’s biggest players that wants to cut trading costs. It’s a bold move for an industry that has been roiled by Covid anxiety and investor thrill-seeking.
A major part of a cryptocurrency exchange’s success depends on its ability to grow globally. That means navigating the different laws, regulations and policies that are in place across countries.
AAVE
AAVE is an ambitious cryptocurrency exchange that has a lot of potential. Its growth reflects demand for a decentralized finance platform that can offer high yields and low-risk lending.
AAVE works by leveraging liquidity pools to connect lenders with borrowers. Users can deposit their cryptocurrencies to these pools, which are used to lend them to other borrowers. Lenders also receive a token called an aToken, which allows for more accurate tracking of payments and can be posted as collateral to raise borrowing limits.
The AAVE network is open-source, based on the Ethereum blockchain. Its protocol includes features such as a safety module and variable APY, which allow lenders to change the interest rate of their loans at will.
While other companies have been focused on attracting large whales and institutional investors, AAVE prioritizes community engagement. Founder Stani Kulechov has spent a considerable amount of time fostering this base, which has helped the company differentiate itself from its competitors.
Decentraland
Decentraland is an ambitious cryptocurrency exchange https://www.bybit.com/en-US/ that aims to thrive in the growing metaverse. Its three-dimensional virtual world allows users to create and customize their own avatars as well as interact with others in an online environment.
The platform offers a variety of activities for users, from playing games to exchanging digital collectibles to attending concerts. In addition, it enables them to trade and monetize their creations.
MANA is the native token of Decentraland and can be used to purchase LAND, a blockchain-based ledger that proves ownership over virtual assets like lands. LAND can be traded, rented and sold for MANA.
Using the platform’s smart contract, a user can claim and rent LAND parcels for their own use or sell them to other users. LAND parcels are marked by a distinct set of cartesian coordinates, much like the real world.
Founded by Ariel Meilich and Esteban Ordano, Decentraland has made considerable progress in the past two years. But it is still relatively new, having been launched in 2017. It has seen significant transaction activity recently, a sign of high potential for the platform.
MegaCryptoPolis
MegaCryptoPolis is an ambitious cryptocurrency exchange that runs on the Ethereum blockchain. It allows players to build and develop digital assets while earning in-game currency.
The game is based on smart contracts and can be played in any browser or mobile device using special apps. It is important to use an Ethereum digital wallet like MetaMask or Trust if you wish to play the game securely.
Unlike most city-building games, the MegaCryptoPolis game has its own in-game economy where players can rent space, produce materials and sell goods and services. The game also features a system of in-game influence points that can be earned by building new buildings, leveling up and performing other activities.
In-game currency is derived from NFTs, which are ERC-721 tokens. Players can earn these NFTs by developing land and building buildings that will be required by other players. They can also sell these NFTs on the in-game marketplace or secondary NFT marketplaces such as OpenSea.
CoinZoom
CoinZoom is an ambitious cryptocurrency exchange that is based in Salt Lake City, Utah. It launched in 2020 and is registered with the Financial Crimes Enforcement Network as a Money Services Business.
It offers a variety of products and is focused on bringing cryptocurrencies to the mainstream. It also aims to help traders of all experience levels learn more about cryptocurrencies and their potential as an asset class.
The platform offers a wide range of features and is easy to use. It allows customers to make trades via desktop or its iOS and Android mobile apps. It offers multiple chart views and real-time pricing information.
In addition, the exchange uses a number of security measures to protect users’ funds. These include multi-layer protection, cold storage, multi-signature wallets, and multifaceted confirmation. It also provides account level security controls and notifications.