$WIT listed on LetsExchange
The $WIT coin has been listed on a new exchange service, offering more liquidity, trading volume, and access to the $WIT coin
What is Witnet?
Witnet is a layer 1 decentralized oracle network that was single-purpose built to achieve one mission: truthful data for smart contracts in a fully decentralized manner. Witnet has tens of thousands of nodes running on the network at any given time, all cryptoeconomically incentivized by the $WIT coin to provide honest information. These nodes don’t need to be trusted to be honest because they are simply incentivized to be.
What is LetsExchange?
LetsExchange is an instantaneous cryptocurrency exchange that allows users to swap any coin or token they want. LetsExchange offers well over 3,000 various coins and tokens without having to register or provide KYC. Users are able to send any coin they want to the exchange and swap with any available coin by providing their wallet address. LetsExchange taps into various cryptocurrency exchanges for the liquidity and capital to fianlize the swap, and sends the desired token directly to your wallet. Additionally, LetsExchange doesn’t store your coins, so you can be sure you’re exchanging in a safe environment.
Why this is a great opportunity
We’re always looking to push the adoption of $WIT, and with that comes listings on exchanges and other tools that increase liquidity and capital of the $WIT coin. As the $WIT coin becomes more liquid more people see value in mining it and providing security to the network with the promise of future rewards- strengthening the network. Additionally, it allows current miners to exchange their earned $WIT to pay for upgrades to their mining rigs, eventually adding more security. All-and-all this is a great listing for the $WIT coin, and it taps into the already strong partnership with Gate.io exchange for its liquidity. And because users don’t immediately need to identify themselves, the $WIT coin can have a greater reach around the world. More exchanges bring more community members which adds to security and in turn brings more exchanges.
Cheers!
