Alongside the launch of our new mobile app, we’ve also added several new cryptocurrencies to our list of supported coins. Users can now tap into these exciting markets in the same manner as the rest of the coins on offer - with access to convenient payment methods and secure storage options.
Ethereum Classic (ETC)
The original Ethereum blockchain, Ethereum Classic, split from Ethereum (which went on to create a new blockchain) after the DAO attack in 2016. The network’s community chose not to move to the new platform due to a shared value in not tampering with the immutable nature of blockchain technology. As Ethereum undergoes a move to a Proof-of-Stake model, Ethereum Classic will remain with the original Proof-of-Work.
Decentraland is an Ethereum-based virtual reality platform that utilises two coins, the ERC-20 MANA token and ERC-721 LAND tokens. MANA acts as the in-platform currency facilitating transactions and marketplace sales while the NFT LAND tokens represent unique aspects within the VR world. The platform launched in 2020 and has seen considerable interest from both players and crypto enthusiasts.
This Ethereum-based platform has been causing waves in the DeFi (decentralized finance) space due to its unique features. The platform provides users with on-chain exposure to both crypto and non-crypto assets through the use of highly liquid synthetic assets (synths), allowing anyone to collect returns without directly holding the asset. The company initially launched as Havven (HAV) in September 2017, but has since undergone a rebranding.
Initially designed as an incentive layer for the Interplanetary File System (IPFS) network, Filecoin launched its own mainnet in October 2020. The decentralized storage network allows users to engage in peer to peer storage solutions, renting out unused hard drive space and using FLX as the medium of exchange. The platform uses innovative technology, notably proof-of-spacetime and proof-of-replication mechanisms.
The Maker Protocol is one of the earliest DeFi projects, providing the world with the DAI stablecoin softly pegged to the US dollar. MKR is the governance token for both the platform and the decentralized organisation MakerDAO, and allows users to manage and issue DAI. The platform was launched in December 2017, years before DeFi became the phenomenon that it is today.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is the Ethereum-based token that fuels the digital advertising platform, Brave Browser. The token facilitates a financial ecosystem between publishers, advertisers and users, and provides a cost-effective and efficient means of advertising directly to the right kind of consumer. After one of the fastest selling initial coin offerings (ICOs) in history, the platform launched in 2017.
Launched in 2015, Dash has been in the cryptosphere for quite some time. The platform initially launched as XCoin before changing the name to Darkcoin and then Dash (“digital cash”). The platform is a payments driven network focused on creating faster and cheaper digital payments using the power of blockchain technology. The platform is marketed to individuals and businesses, with strong use cases in the remittance markets, financial services and for merchants.
With these new additions, there are now a total number of 47 cryptocurrencies available on the Oobit marketplace. Buy, sell, store and manage your entire crypto portfolio in one secure location, whether on desktop or mobile. Utilizing the military-grade, air-gapped vault storage solutions, your funds are always safe with Oobit.
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