EXMO will soon add three DeFi tokens: LINK, UNI and YFI. The token deposits will be available on 19th November 2020. The first trading pairs, LINK/BTC, UNI/BTC and YFI/BTC, will be launched on 20th, 23rd and 24th November 2020, respectively.
While DeFi tokens are extremely popular, we are still cautious and take all necessary precautions and enforce security measures when choosing to list promising crypto tokens for our traders. It is necessary to protect our users from possible fraudulent coins and ensure the profitability of new assets on the listing.
Are you ready for three new cryptocurrencies on the EXMO’s listing? Great news for you then, because we are ready to announce the integration of LINK, UNI and YFI:
Chainlink (LINK) is a system of smart contracts based on a decentralised oracle network. It aims to connect real world data with smart contracts. Cofounders of Chainlink are Steve Ellis and Sergey Nazarov. Oracles, as DeFi tools, provide an open window to the external data and serve as feeds in smart contracts. The native token LINK can be described as an ERC20 token with ERC223 call and functionality. Node providers with a large amount of LINK get rewards for accurate data results.
The Chainlink ICO held in 2017, raised USD $32 million with a total supply of 1 billion LINK tokens. Around 30% of LINK tokens stay in the system, 32% are sent to node operators and the rest are sold in the public token sale.
Uniswap (UNI) is known for its contribution in facilitating DeFi tokens. It is a popular decentralised trading protocol that keeps trading automatic and is completely open to all token holders. Uniswap aims to solve liquidity issues within automatic solutions and initially came out to serve as a way to introduce automated market makers (AMM) on Ethereum. The founder and creator of Uniswap is Hayden Adams.
UNI is a native token of Uniswap. The total governance supply of UNI tokens is 1 billion units. The distribution of UNI tokens consists in the following way: 0.69% to advisors, 17.8% to investors, 21% to the team and rest to members.
Yearn.Finance (YFI) can be described as a DeFi service that uses automation in order to maximise profits for investors. The goal of Yearn.Finance is to simplify DeFi and yield farming for investors to gradually expand the network. The founder of Year.Finance is Andre Cronje.
YFI is a tradable token of Yearn.Finance, that is available in pairs with stable coins and fiat currencies. The majority of YFI supply circulates freely. YFI was the first coin that became worth more than Bitcoin. It’s all time high has been USD $40,000!
EXMO reminds users that cryptocurrency investments are not only high-rewarding, but also involve high risk. For its part, EXMO does its utmost to ensure only reliable cryptocurrencies are traded on the exchange, however, the company is not responsible for any losses incurred to traders, as a result of trading operations. Please remember that each trader is personally responsible when carrying-out trades or choosing a project for investment.