BTSE is pleased to bring three more tokens onto its platform, growing the selection of quality digital assets available to its users.
- Loopring (LRC)
- REN (REN)
- 0x (ZRX)
1. Loopring (LRC)
Loopring (LRC) is the governance token of Loopring, a decentralized exchange (DEX) built on zkRollup – an Ethereum Layer 2 solution. zkRollup enables Loopring to achieve high throughput and low cost on Ethereum since it uses the blockchain solely as a data layer and a verification layer. Other than for governance, LRC can be used to pay protocol fees and incentivize users on the platform.
Loopring has a circulating supply of around 1.24 billion tokens out of a maximum of over 1.37 billion, with a price at $2.20 on December 23, 2021, according to CoinGecko.
Trade LRC here.
2. REN (REN)
REN is the utility token of REN, whose RenVM protocol aims to enhance interoperability for decentralized applications (dApps), including cross-chain lending, exchanges, and more. Similar to a validator node on a proof-of-stake (PoS) blockchain, RenVM is powered by a network of machines called Darknodes. REN tokens can be used as a bond to operate the Darknodes.
Currently, REN’s circulating and maximum supply are both one billion tokens, with a price of $0.69 on December 23, 2021, according to CoinGecko.
Trade REN here.
3. 0x (ZRX)
0x (ZRX) is the governance token of 0x, a protocol built on Ethereum for the decentralized exchange of tokens. It has two main products:
- 0x API: A liquidity aggregator that allows a transaction to be split across decentralized exchanges to fill the order with the lowest slippage.
- Matcha: A global search engine for liquidity and markets, allowing users to find the best price to trade tokens.
The ZRX token has two major use cases. It can be used for paying transaction fees and influencing the governance of 0x through voting on the platform.
0x’s circulating supply is around 847 million out of a maximum of 1 billion, with a price at $0.83 on December 23, 2021, according to CoinGecko.
Trade ZRX here.
Deposit LRC, REN, and ZRX here
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Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.
