DOMINO DEX Listing Announcement: New Tokens on Ethereum Layer 2 Network
New listings have gone live on DOMINO DEX! Users can now participate in the Ethereum Layer 2 universe with its new listings that went live last Sept 30, 2022, at 8:00 AM GST.
Ethereum Layer 2 networks are built on top of the Ethereum blockchain, keeping transactions secure, speedy, and scalable. Moreover, it is a secondary framework where blockchain transactions and processes can take place independently of the main network.
Mentioned below are the newly listed tokens:
- Enjin Coin (ENJ)
The Enjin Coin (ENJ) is an Ethereum-based cryptocurrency designed to enable businesses, individuals, and brands to use non-fungible tokens (NFTs) provided by the Enjin blockchain network. As they can be sent or received in an Ethereum wallet, ENJ is primarily used to purchase, sell, or even trade NFTs.
2. Polygon (MATIC)
MATIC is the native token of Polygon and is used to govern and secure the network by staking. In our ecosystem, it is the currency used in hundreds of dApps and lets users interact with them.
3. The Sandbox (SAND)
SAND is an ERC-20 main utility token that is powered throughout The Sandbox ecosystem. It is used for value transfers as well as staking and governance. SAND also allows its players from The Sandbox to play, build, own, and monetize their gaming experiences on the Ethereum blockchain using this token.
4. ApeCoin (APE)
ApeCoin (APE) is developed as an ERC-20 governance token that is used to enable a decentralized community in the era of Web3, supporting the evolution of art, gaming, entertainment, and more.
5. Chiliz (CHZ)
CHZ is an Ethereum token that allows sports fans to have a unique experience with their favorite teams. Its main purpose is to support Socios, an NFT marketplace used to show its support for sports stars, teams, and entertainers.
6. Decentraland (MANA)
Decentraland (MANA) is an Ethereum-based token that powers the Decentraland virtual reality platform, it can be used to pay virtual plots of land in Decentraland as well as in-world goods and services.
7. PlayDapp (PLA)
PlayDapp (PLA) is the native token of PlayDapp and a core utility token utilizing the ERC20 standard. It acts as the primary fungible token for the processing of transactions from users. PLA token is used within the PlayDapp blockchain gaming ecosystem to purchase and trade NFT within games and with the global marketplace ‘playdapp.com’.
8. Cronos (CRO)
Cronos (CRO) is the native cryptocurrency token of the blockchain-designed Cronos Chain, a company that provides an all-in-one decentralized finance application and exchange. Using the said platform, CRO token holders can buy, sell, and stake them as validators and earn token rewards for processing transactions on the network.
9. Toncoin (TON)
As a native token of the Toncoin network, TON is used for transaction fees, securing the blockchain through staking, deciding how the network develops, and settling payments. A validator’s stakes are required to maintain the blockchain.
10. AAVE (AAVE)
Aave (AAVE) is an Ethereum native governance token of the AAVE network, a decentralized non-custodial money market protocol where users can participate as depositors or borrowers. It lets users lend or borrow cryptocurrency without going to a centralized intermediary. And through the use of the Aave token, borrowers don’t get charged a fee if they take out loans denominated in the token.
There are thousands of different digital assets out there and DOMINO DEX is constantly updating its offerings by welcoming new crypto tokens that have a palpable demand from its users. Keep updated with the latest updates by following all DOMINO DEX’s social media handles down here.
