Poloniex announces support for 3 new assets

We are pleased to welcome Livepeer (LPT), Numerai (NMR), and Polymath (POLY) to the Poloniex family. These new listings are part of our continued effort to identify projects with strong technology and teams that have the potential for moving the blockchain space forward. As with past listings, these selections were based solely on merit as defined in our Asset Framework, and no listing fees were collected. As with our recent listing of FOAM, we are the first exchange to to support markets for LPT. With this announcement, we’ve brought a total of 14 new assets to Poloniex in 2018.

Customers can now post limit orders for these assets (“Post-only”). Post-only mode allows the order books to fill before we open trading so that we can avoid dramatic price swings and ensure healthy markets. We will enable full trading in BTC pairs for each asset within the next 24 hours once sufficient liquidity is established.

Livepeer

LPT is the native token of the Livepeer network. The LPT token has important cryptoeconomic significance in the Livepeer ecosystem: there are a limited number of transcoder nodes at any one time, and LPT holders can bond LPT to transcoders as a way to vote and select who is able to transcode. Transcoders are rewarded for the useful work that they perform in an amount proportional to the LPT staked with them, and a portion of this reward is distributed back to the holders that have bonded their LPT to that transcoder. In this way, transcoders and participants are rewarded for supporting nodes that provide the most efficient, reliable transcoding service, which reinforces the value of the network as a whole.

You can read more about Livepeer here and at @LivepeerOrg on Twitter.

Numerai

The Numerai network works because of its native token, Numeraire (NMR). Users can stake NMR tokens on their predictions as a way to express confidence in their models. Models that perform well on live data generate a reward for the user, and their staked NMR is returned. Models that perform poorly result in the NMR being destroyed. This deters individuals from submitting many, low-quality models to the hedge fund. In the future, Numerai intends to build a fully decentralized prediction marketplace that matches prediction feeds and hedge funds using the NMR staking mechanism.

You can read more about Numerai here and at @numerai on Twitter.

Polymath

POLY is the native token of the Polymath network. POLY is a payment token used for all economic operations taking place on the Polymath platform: issuers use POLY to pay for the creation of securities tokens, and investors exchange POLY for security tokens issued on the Polymath platform.

You can read more about Polymath here and at @PolymathNetwork on Twitter.

Wrapping up 2018

With our new framework in place, we listed 10 ERC-20 tokens and two blockchain platforms, ranging from highly traded assets to tokens that were not being traded anywhere else. In addition to new listings, we introduced USDC markets for several core assets and were the first exchange to offer pre-fork trading ahead of the Bitcoin Cash hard fork.

All told, we believe that we’ve had a tremendously productive year and are excited to carry this momentum into 2019. In the new year, users of Poloniex should expect more exciting digital assets, more innovation and further dedication to making Poloniex the best exchange it can be. Follow the Circle Blog on Medium and @Poloniex on Twitter to stay up to date on new listings and features. Developers can submit their projects for review through our asset listing form.

The Poloniex Team

poloniex.com

Risk disclosure: The value of crypto assets can be extremely volatile and unpredictable. Please use caution and be sure to review the Risk Disclosures in our Terms of Service (https://poloniex.com/terms/) before making any decisions to trade on Poloniex.

Originally published at blog.circle.com on December 19, 2018.

Product at Circle / Poloniex.

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