Koinex, the largest crypto exchange in India by volume has integrated 3 new coins into its trading platform boosting the range of tokens that can be accessed by the Indian user. According to their tweet the deposits go live at 10:30 PM, 1st March and trading at 10:15 PM.
The coins that have been integrated are:
1. Golem (GNT) – The Golem project seeks to promote peer to peer sharing of computing power for its user. The token serves to reward people who can turn unused PC or data center compute into productive assets for them by lending out their compute to the Golem Network. It also acts as an incentive for software developers and projects to build applications on the network and derive more power respectively. It is building this application on the Ethereum blockchain and is an ERC 20 token.
2. Aeternity (AE) – Aeternity is an open source and public blockchain platform that focuses on distributing computing and digital asset tokenization. Its major focus is on building Turing complete enabled (smart contract capabilities) state channels and decentralized oracles to enable scalability and efficiency of rolling out applications. An ERC 20 token, the Aeon token is used to compensate lenders of computing power as well as to pay for space and computation time within the virtual machine.
3. Basic Attention Token – The BAT is a native token of the Brave browser built by the co-founder of the Mozilla Project & the creator of the widely used Javascript, Brendon Eich. The Brave browser seeks to disrupt the browser market through its focus on paying users to view ads according to his/her discretion. It also acts as an incentive for content creators and advertisers to increase its use of the Brave browser.There is a paradigm shift in the mindset of the Internet users today. It has resulted in a need to balance both the demand for user privacy and user attention respectively. An ERC 20 token, BAT may very well be in the forefront of creating a sustainable attention economy for the Internet.
Here is their recent tweet about it:
Koinex has been really stepping up the game in the Indian crypto market by bringing out a platform that has the capability to become a world beater. The recent integrations of these ERC 20 tokens only serve to highlight their ambitions and optimism about the crypto market. It would also be interesting to see how other exchanges will react to the speed of these developments.
Until then, happy trading, Koinex users !
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