Cryptocurrencies are slowly becoming a household name, with some analysts expecting the global crypto market to triple by the year 2030. Cryptocurrency is a hot topic amongst investors, but the industry is still nascent and constantly evolving.
In such times, it’s essential to stay ahead of the curve, investing in the latest upcoming coins to generate the most profits. Phemex is dedicated to its users and community, and is listing 59 new coins by popular demand. This allows its users and investors to take advantage of the latest industry trends.
These projects are not only innovative, but also offer tremendous potential for growth. Some of the popular coins listed are Avalanche, Stargate, Trader Joe and others. These are only a few examples, and Phemex offers a comprehensive list of coins for investors to explore and invest in. With this new listing, Phemex gives traders and crypto enthusiasts access to some of the most popular cryptocurrencies in the market.
The Avalanche blockchain was developed by Ava Labs in 2020, a firm founded by distinguished cryptocurrency proponent and Cornell University professor, Emin Gun Sirer. The Avalanche network offers developers a myriad of advantages over other decentralized smart contract-enabled Proof-of-Stake blockchains, including higher throughput, custom, scalable VMs, and sub-second finality.
Avalanche (AVAX)
Avalanche is developed by Ava Labs and allows projects building on it to easily produce their own customized multi-function blockchains to run decentralized applications (dApps). The ecosystem hosts a wide range of projects in the domains of decentralized finance (DeFi), digital securities, non-fungible tokens (NFTs), oracles, and more.
The Avalanche wallet offers non-custodial and secure storage for Avalanche assets, providing information like transaction volume, network activity, and recent transaction updates for its P, X, and C-chains.
Trader Joe (JOE)
Avalanche (AVAX) is an ecosystem that hosts many promising projects, and Trader Joe is one of them. As an AMM-based DEX (Decentralized Exchange) built on the Avalanche blockchain, Trader Joe offers complex and advanced trading options for more experienced users, with options to use leverage in a decentralized manner thanks to its built-in lending & borrowing systems.
With Avalanche’s loan markets, traders can use their cryptocurrencies as collateral in exchange for increased exposure or an annual percentage return. Trader Joe combines the features of PancakeSwap and Aave on the Avalanche network, enabling the exchange of cryptocurrencies on a fully decentralized platform, while also providing staking and LP token farming options as an additional means to generate profits.
Stargate (STG)
The Stargate (STG) protocol is designed to profit from liquidity transport, enabling users to access liquidity pools and transfer assets across blockchains without the need for wrapped tokens.
The protocol’s mission is to make cross-chain liquidity transfers completely seamless. Both users and smart contract-based decentralized applications can easily transfer native assets across chains. Stargate also provides access to its unified liquidity pools for instant, guaranteed finality.
Dash (DASH)
Dash (DASH) aims to make digital cash more usable – enabling fast, cheap global transfers across its network. With a focus on transaction speed and privacy, Dash enables people anywhere in the world to make instant payments both online and in retail stores.
Dash uses a proof-of-work mining technique similar to Bitcoin, where miners verify transactions by calculating a difficult mathematical problem.
Ethereum Classic (ETC)
Ethereum Classic (ETC) is a permissionless, decentralized, and censorship-resistant blockchain. After the DAO controversy, the Ethereum project was divided into Ethereum (ETH) and Ethereum Classic. The objective and infrastructure of the projects are the same – to provide a public platform for smart contracts and decentralized apps.
The fundamental tenet of Ethereum Classic (ETC) is that code stands above everything else. If there are any exploits or compromises, they shouldn’t be removed through hard forks, because doing so would damage the integrity of the code.
Phemex is committed to providing its users with the best possible trading experience, offering a wide range of features like margin trading, derivatives contracts, and other advanced tools.
Phemex is always striving to add new tokens to its platform so its users can diversify their portfolios. To support its new listings, Phemex is launching the AVAXPress Campaign, in which users can win AVAX through spot trading.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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