In line with providing our users the best trading experience possible, we’re pleased to announce that in addition to Dai which was announced yesterday, three new tokens MITH, LINK, SNT are now available on trade.io Exchange.
We’ve rounded up a short summary of each token below:
About Dai token
MakerDAO is the decentralized autonomous organization that developed Dai, which is pegged against the U.S. dollar, but is completely backed by Ethereum. Every Dai is therefore worth 1 USD.
Stability is maintained through an autonomous system of smart contracts and because Dai is fully decentralized, people can review the assets backing the coin at any time at https://mkr.tools/
To receive Dai, investors can send their tokens and lock them on the Maker platform in the form of a Collateralized Debt Position (CDP) or buy Dai directly.
Dai will be offered on trade.io Exchange against ETH and USDT.
About MITH token
Mithril is a decentralized social media platform that rewards all content creators. Mithril aims to construct a comprehensive ecosystem that revolves around their token, MITH, which is a decentralized token based on the ERC-20 standard established by Ethereum.
Users can acquire MITH through producing and uploading content on any platform that supports social mining, where they can then manage their assets and further spend MITH in a range of real-life scenarios.
The ecosystem also offers an all-dimensional VAULT, where you can exchange MITH to other tokens with one click; or withdraw MITH and exchange to other forms of asset at other exchanges.
MITH will be offered on trade.io Exchange against TIOx, ETH and BTC.
About LINK token
The Chainlink network provides tamper-proof inputs and outputs for complex smart contracts on any blockchain.
The LINK token is an ERC20 token, with the additional ERC223 “transfer and call” functionality of transfer, allowing tokens to be received and processed by contracts within a single transaction.
The LINK token will be used to pay ChainLink node operators for participating in a ChainLink network, allowing the creation of highly reliable, decentralized oracle networks — providing the same security guarantee as smart contracts themselves. Prices are set by the node operator based on demand for the off-chain resource their ChainLink provides, and the supply of other similar resources.
LINK will be offered on trade.io Exchange against TIOx, ETH and BTC.
About SNT token
Status is more than an app — it’s a network that lets you browse and transact securely in an open source community. Status acts somewhat like Apple’s App Store and Google’s Play Store, but for Ethereum dApps, and aimed to help navigate more than 1700 decentralized applications that work on the Ethereum blockchain. Messaging and peer-to-peer payments are all part of the technology that bridges the gap between media and social platforms.
The native token of Status is SNT, which is an ERC-20 token that provides holders with voting rights on the Status network. Although SNT can be stored in any ERC-20 compatible wallet, the project also includes the Status Hardwallet. The Status Hardwallet is open-source and supports NFC.
By targeting smartphone users, it opens the door to mass adoption of Ethereum DApps and could completely change the way the world interacts with the Ethereum network.
SNT will be offered on trade.io Exchange against TIOx, ETH and BTC.
Watch this space
Four new coins today, and many more coins being added frequently onto the exchange.
Visit https://exchange.trade.io to start trading.
