Expands the crypto products' portfolio to 56 with the new additions
PR
NEW DELHI / BENGALURU, January 18 2022: Unocoin, India's first crypto exchange platform providing safe and secure transactions, expands the portfolio and adds 5 new coins to its trading platform. The portal has been adding new tokens now and then for Indian crypto investors and traders. Catering to the evolving requirements of the crypto community, the platform recently added ADA, CELR, GTO, LRC and SAND coins. From gaming to gifting to other transactional services, these coins will be able to fulfill the crypto trading needs of the investors.
ADA, one of the recently added coins, is mainly a blockchain network that is used for many purposes like data handling and providing crypto-asset. It has implemented decentralized finance services, including an upgrade to enable smart contracts and the ability to build decentralized applications. On the other hand, the newly launched Gifto (GTO) has created a new gifting commodity for users for sending and receiving virtual crypto gifts to anyone with just a link.
The Loopring token is the native token of the Loopring protocol, a blockchain-based project that allows developers to build their decentralized exchanges. It offers implemented decentralized finance services, including an upgrade to enable smart contracts and the ability to build decentralized applications. The Celer Network (CELR) which is a networked system, provides on-chain data availability with a novel insurance model. The token is used to maximize liquidity interest payouts in the liquidity backing auction. Also, the newly added coin for Indian gamers is Sandbox (SAND). With a Decentralized Autonomous Organization (DAO) and Non-Fungible Tokens (NFTs), Sandbox continues to build a community of future gaming.
Sathvik Vishwanath Co-Founder & CEO, Unocoin said, “The newly added crypto products are a revolutionary and futuristic finance concept that leverages the idea of blockchains with functions that spans across transactions of various nature. With this development, the platform now has 56 coins that our users can access. We have endeavored to provide a seamless platform for convenience led transactions, that enables features of diverse nature catering to user needs”.
About Unocoin -
Started in 2013, Unocoin is a Bangalore based technology startup and is India’s first entrant into the bitcoin industry. The company operates India’s largest (in Indian customer base) BTC-INR trading platform which enables Indians to buy, sell, store, use and accept bitcoin. At its peak, Unocoin processed transactions worth more than INR 2B per month for its 1,300,000+ customers. The startup has been featured among the top 20 companies in The Fintech20: India list and have won prestigious titles like ‘The Golden SABRE award’ in financial communications for the project, ‘Bit-by-Bit: Building Bitcoin in India’ and ‘TECH30’ award from YourStory.