Allow us to gloat a bit about the new additions on Bitbns. We have added 4 more new digital assets — a total of 54 now! It gives us immense pleasure to reiterate the fact that Bitbns is the only cryptocurrency exchange in India to list more than 50 digital assets. Needless to say, you now have more options to explore.
The newly added coins are: Tether (USDT), Pundi X (NPXS), Lisk (LSK) and Ethereum Classic (ETC).
What is Tether (USDT)?
In simple terms, Tether USDT is a hybrid, a crypto-fiat stablecoin. It’s value is tied up to the value of fiat currencies. Tether mostly uses USD and its value is equal to that of US Dollar — the world’s official reserve currency. The value of 1 Tether intended to remain equal to that of the $1 — nothing more, nothing less. So in a way, it’s a crypto dollar.
Tether USDT users are all protected from the volatility of cryptocurrency market, as its value is intended to remain equal to US Dollar. But it’s still exposed to some minor fluctuations in the fiat currency. Imagine what would happen if a herculean event occurred and the value of US Dollar halved overnight. If you hold USDT, you would lose an equal amount of its value.
- Token Symbol: USDT
- Market Cap (Last 24 Hrs): ₹177,732,862,220 INR
- USDT / INR (Last 24 Hrs): ₹68.17 INR
- Current Circulation: 2,607,140,346 USDT
- Total Supply: 2,830,109,502 USDT
What is Pundi X (NPXS)?
Pundi X is one of the latest cryptocurrencies in the market. Its main goal is to simplify cryptocurrencies for users and is a decentralized platform. With Pundi X, it is easier for users to buy services and goods using the cryptocurrency. The company aims to distribute plenty of point-of-sale smart devices to enterprises. The enterprises will then be capable of accepting payment in the form of Pundi X tokens. This further entails the retailers to lower their transaction fees.
The company aims to help every user owning crypto to go to a store and buy anything they want just as they would with a credit or a debit card. The users only have to locate the retailer that has a Pundi X POS.
- Token Symbol: NPXS
- NPXS / INR (Last 24 Hrs): ₹0.696286 INR
- Volume (24 Hrs): ₹962,525,957 INR
- Total Supply: 68,179,231,883 NPXS
What is Ethereum Classic (ETC)?
Ethereum Classic is another decentralized platform, which runs smart contracts, i.e., applications that run as they are programmed without the possibility of downtime, third party interference, fraud, or censorship. Ethereum Classic is a continuance of the original Ethereum blockchain. The latest version preserves flawless history, free from all the external interference, fraud, and tampering of transactions.
- Token Symbol: ETC
- Market Cap (Last 24 Hrs): ₹107,105,508,453 INR
- ETC / INR (Last 24 Hrs): ₹1,045.63 INR
- Current Circulation: 102,431,494 ETC
- Volume (24 Hrs): ₹17,871,727,660 INR
What is Lisk (LSK)?
Lisk is a platform based on Javascript. It is created for decentralized sidechains and applications. With the help of Lisk, developers and programmers can easily create DApps using Javascript, which is the most famous programming language on Github. The company has announced a block reward of 5 LISK for the first year. Also, Lisk has now been deployed to Microsoft Azure’s ‘Blockchain as a Service’ (BaaS).
- Token Symbol: LSK
- Market Cap (Last 24 Hrs): ₹45,807,257,522
- USDT / INR (Last 24 Hrs): ₹427.38
- Current Circulation: 107,180,780 LSK
- Total Supply: 122,427,228 LSK
With more digital currencies listed on Bitbns (and with an overall 54 digital currencies listed), you now have more options to explore. Happy Trading!
