We’ll be launching to the public with eleven tokens. Our market making partners are ready and standing by to jumpstart liquidity to make your trading experience as smooth and easy as possible.
And our work doesn’t stop here. As we create a fair and efficient marketplace, we want to empower traders with ability to invest in a variety of trustworthy and accessible tokens. We’ll be rapidly onboarding additional projects onto our platform based on a mix of regulation, quality, and liquidity considerations.
Without further delay, meet our ERC20 launch tokens. (With many more soon to come!)
WETH is a form of ETH that is compatible with ERC20 token standards. On decentralized exchanges, you must “wrap” ETH (via a smart contract) before trading wallet-to-wallet. On the Ethereum blockchain, ETH is used to pay gas fees for transactions on the network. Learn how to wrap ETH on The Ocean.
REQ is a token of Request Network, a decentralized network which empowers anyone, anywhere to make or request a payment. No costly third parties are required, and payments are saved on an secure, immutable ledger to make auditing and accounting transparent.
ZRX powers the 0x Protocol, an infrastructural layer on the Ethereum blockchain which enables permissionless trading. Relayers (also known as decentralized exchanges) operate on top of the protocol and may collect fees in ZRX for a future governance stake.
DNT functions as a governance token for District0x, a platform that gives users the tools to create decentralized marketplaces and communities named ‘districts’. Token holders can vote on changes to posting, searching, filtering, and other functions within the system.
DAI is MakerDAO’s stablecoin (a coin with little to no volatility) whose value, through a series of economic incentive mechanisms, is soft-pegged to one US dollar. It lives entirely on the blockchain and is collateralized by ETH in publically viewable smart contracts.
MKR plays two important roles in the MakerDAO ecosystem. 1) MKR holders govern the network and vote on changes and 2) in the case of a crash to DAI’s value and its collateralization, MKR tokens are created and sold to stabilize the system.
BAT, otherwise known as Basic Attention Token, serves as a representation of a user’s attention. Using the Brave browser, BATs are distributed to publishers and creators based on how users spend their time, creating a transparent and efficient digital advertising market.
MANA must be burned to obtain non-fungible LAND tokens on Decentraland, a blockchain-based virtual world intended for content creation. Users can also use MANA to buy in-game content and services for their land.
SNT underlies Status, an app which converts your mobile device into a light client node on the Ethereum blockchain. Users can buy, sell, and store ETH, browse dApps, and chat using the token as a payment mechanism.
TUSD represents a 1:1 stablecoin by TrustToken that is collateralized by dollars stored in U.S. domiciled and regulated banks. Smart contracts ensure a middleman-free parity between TUSD and USD, ensuring the token can be exchanged for fiat and vice-versa. *Approved traders on The Ocean will receive priority in converting USD to TUSD via special code sent by email.
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If you are interested in listing your token, reach out to us via listings@theocean.trade.
