Coinbase added several tokens to its platform – Market Wrap

DeFi market is extending daily, adding new tokens and ecosystems. The U.S. crypto exchange Coinbase noted that customers are constantly demanding more assets to trade on the platform. The company highlighted the most recently added tokens that are already available for users to trade. Among those tokens are 1inch (1INCH), Tether (USDT), Enjin Coin (ENJ), NKN (NKN), SushiSwap (SUSHI), Origin Token (OGN), Synthetix (SNX), Cardano (ADA), SKALE (SKL), and Polygon (MATIC). There are also Curve DAO Token (CRV), Aave(AAVE), Ankr (ANKR), Storj (STORJ), Uniswap (UNI), and Filecoin (FIL), along with Ampleforth Governance Token (FORTH), Bancor (BNT), and The Graph (GRT). Coinbase also said that it would support additional order books.

Coinbase also announced that it would support Internet Computer Governance Token 

Coinbase decided to support ICP tokens across all Coinbase Pro jurisdictions except New York State. The biggest U.S.-based crypto exchange platform has announced that it plans to list the Internet Computer (ICP) governance token in its blog post. The DFINITY Foundation developed ICP.

Coinbase stated that ICP is not available on the Internet Computer network yet. Still, the company promised to notify its followers on Twitter when the token becomes open to the public.

Dominic Williams, the founder and chief scientist at DFINITY Foundation, revealed details about the Internet Computer. He stated that the Internet Computer signifies the third major innovation in blockchain after BTC and ETH.

Williams also explained that the Internet Computer is a scientific achievement. DFINITY Foundation orchestrated it across several research centers. According to the chief scientist, the Internet Computer represents unprecedented R&D effort over the past years. The research centers that participated in the project are in Zurich, Tokyo, San Francisco, Palo Alto, including remote teams in the UK and Germany.

The DFINITY Foundation’s sole purpose is to relentlessly expand the capabilities of a public blockchain and its decentralized ecosystem. The company plans to use advanced computer science and cryptography to achieve that goal, thus making blockchain the platform of choice upon which users can reimagine all their systems and services.

The DFINITY Genesis launch is scheduled for the 7th of May. The launch will give developers and consumers various opportunities as it debuts with the Internet Computer project. The Internet Computer has a faster network speed than what Ethereum offers currently.

iZOBi token presale has already began

iZOBi App enables customers to search and get connected to a service provider. It actually works like Uber App. iZOBi offers some great features that make its platform easy to navigate.

Furthermore, iZOBi team is creating a blockchain-powered ecosystem for home service on-demand platforms. This ecosystem will enable end customers to hire and engage service providers in a safe, seamless, secure manner with minimal transaction costs.

iZOBi is launching its native token to control its ecosystem. According to the team, utilization of iZOBi ecosystem and technology would be open-sourced, as well as free for all home service on-demand platforms.

While securing a job has always needed considerable effort, during the coronavirus pandemic, it became much difficult, with unemployment rates reaching record lows. It is equally challenging to ensure job success and user safety. For example, the user may engage a service provider to paint the walls. If he executes the job poorly but still demands full payment, the user either has to enter into a difficult conversation or concede and pay the requested fee.

There is also an overwhelming variety of websites, listings, apps, terms, and conditions. So, finding an appropriate specialist or handyman is often time-consuming and confusing. However, iZOBI app makes this process much simpler and easier.

Users holding iZOBI tokens will get additional benefits, and they will also participate in developing the ecosystem. The token’s presale started on May 1st, 2021, and it ends on August 1st, 2021. The initial token price is $0.05 per iZOBi.

Wall Street Bets Token is available as well

Wall Street Bets Token (WSBT) is the first decentralized voting platform for investment decisions of a Hedge Fund 2.0. The team launched this utility token to fund the creation of “The Wall Street Bets Hedge Fund.”

Token holders will be able to vote on what to bet on. Thus, WSBT will become the first utility token to influence and even direct a decentralized Hedge Fund’s investment decisions under the supervision of its Token holders.

Furthermore, WSBT holders will be able to stake their tokens, as well as participate in reward programs. They will earn rewards based on successful bets on Wall Street. The initial token price is $0.20, and the ICO trade will end on May 31st, 2021

UFC announced that it would launch a fan token soon

Mixed martial arts league UFC announced that it would launch a fan token in June 2021. UFC and sports-focused blockchain platform Chiliz became partners last year. They plan to mint $UFC tokens on the Chiliz blockchain.

Chiliz’s token platform Socios.com focuses primarily on European soccer teams. The platform enables them to mint their own fan tokens. Afterward, supporters use those tokens to cast votes on club decisions, as well as act as an additional revenue stream for teams.

According to the company, $UFC will give its owners access to VIP rewards, along with exclusive promotions, fan voting, and chat forums. Soccer clubs like FC Barcelona and Manchester City are already using similar tokens.

Tracey Bleczinski, Senior Vice President, UFC Global Consumer Products, stated that UFC has more than 625 million fans worldwide. Fan Tokens are an excellent way to connect with them through a interesting and authentic product. UFC tokens will bring fans closer to UFC and give them influence while simultaneously rewarding their passion for the sport.

UFC aims to expand further outside of Europe and hopes that by partnering with Chiliz and Socios.com it will achieve this goal easier. Chiliz has announced that it would focus on bringing fan tokens to the U.S. this year. It also devoted at least $50 million to state-side projects.

Furthermore, holders of Chiliz native token, $CHZ, will receive exclusive UFC offers. The UFC noted that it would also explore blockchain applications that could help grow the UFC brand.  

YFX DEX Governance Token will also become available from tomorrow

YFX is the first decentralized cross-chain perpetual contract trading platform worldwide. It announced that all is set for its token launch on May 6, 2021. The platform has been preparing for this launch for the past year.

YFX utilizes four different blockchains currently, along with xDAI on Ethereum. The team is trying to keep fees low. Besides, YFX DEX runs more efficiently than all competitors thus far. Investors can utilize the Ethereum, TRON, BSC, or HECO blockchain. Polkadot and OKEx chains are also willing to optimize the trading experience even further.

With other governance tokens proving successful, including Uniswap’s $UNI, the YFX team decided to give their users the same opportunity to share in the DEXs success. They will enable voting rights with their own token $YFX.