Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

Unocoin Lists Nexo, Shiba Inu, Dogecoin And 1 Inch On The Platform

In October, the platform included support for Unified Payment Interface (UPI) transactions.

Photo Credit : Shutterstock

1512545461_RFPSVe_bitcoin-ST470b.jpg

Unocoin has added 1 Inch , Shiba Inu, Dogecoin and Nexo to their list of coin exchange. The crypto trading platform with their additional token inclusion is looking at targeting the generation of Indian Crypto Investors and Traders in an ecosystem of 1.48 Million plus registered customers.

The Nexo network mainly is a Blockchain-based lending platform that offers users instant loans, keeping the crypto asset as the collateral. The loans can be taken at once or in small amounts at your convenience. Slowly, Nexo is evolving and bringing professional financial services to the world of digital assets, like a bridge between the crypto world and the financial world. The Nexo token is their native token, which brings token holders numerous benefits on the Nexo platform.

Dogecoin is an Altcoin that is based on Litecoin’s (another Altcoin) proof of work hashing algorithm, the Scrypt method. When created it had a cap of 100 billion Dogecoin. Later on, this limit was removed, and now the network allows unlimited supply and mining of Dogecoin.

Unlike other cryptocurrencies like Bitcoin, Ethereum,the Shiba Inu token has gained more than 14,000,000% and this is mostly driven by the community and not utility. Unocoin has now listed SHIB tokens on its exchange and one can now trade USD/SHIB pairs.With more than 589 Trillion Shiba Token in total supply, over 549,043 Billion tokens are already in circulation with a current market value of more than $21 million (29 Nov 2021). 

The 1inch token is a product of a network whose first protocol is a decentralized exchange aggregator solution that has an advanced algorithm to search over 33 liquidity protocols. The 1inch Aggregation Protocol incorporates a pathfinder algorithm for finding the best paths across over 60+ liquidity sources on Ethereum, 30+ liquidity sources on Binance Smart Chain, 30+ liquidity sources on Polygon, Optimistic Ethereum, and Arbitrum and various other networks to search for deals across multiple liquidity sources, offering users better rates than any individual exchange. In just over two years of operation, they've crossed $80 billion (INR 59,46,92,00,00,000.00) in overall trading volume just on the Ethereum network alone.

Sathvik Vishwanath Co-Founder & CEO, Unocoin said,“Bitcoin and Cryptocurrencies as the most trending kind of assets are gaining great interest not just from individuals but investor and banking communities also. Through this development, we want to incentivize our customers and provide a seamless platform for fulfilling all their new year investment resolutions.”


Tags assigned to this article:
cryptocurrency dogecoin 1 Inch Shiba Inu Unocoin