Tezos, Kadena and USD Coin Now on Coinmetro
Good news! We have listed the popular Tezos token, Kadena, and the stablecoin USD Coin on CoinMetro. This means you can now make deposits and withdrawals and trade in these assets.
Many of our traders have been asking for this and we’ve made it happen, cause ultimately we are building this for you. If you’d like to see some other great cryptos listed, join the discussion on our Telegram.
But perhaps you’re asking, “What is Tezos? Why would I want to trade USD Coin? Is Kadena the next big thing?” Let us tell you more about what they are, and why we believe in them so much that we’ve added them to our exchange.
What is the Deal With Tezos?
Tezos is a blockchain network with its own native token XTZ or tez. Tezos network uses a proof-of-stake consensus mechanism, which is more energy efficient and does not require mining.
Ok, great, but what is it for? Tezos is built as an infrastructure to build smart contracts on. Tezos’ modular architecture and formal upgrade mechanism allow the network to propose and adopt new technological innovations smoothly as they emerge. It is built for upgradability in mind, enabling it to remain state-of-the-art long into the future, without sacrificing community consensus.
With a powerful and flexible network at its core, Tezos managed to gather quite some support in their token sale. The ICO began on July 1, 2017 and went on to raise $232 million, making it one of the largest ICOs of all time.
But we’ve heard this story before already. Many projects raised huge amounts of money, price tanked after 2018 and they’re nowhere to be seen. Not Tezos, they have just reached an all time high, at the time of writing in August 2020 with a price rising to over $4.
To conclude: the reason Tezos is thriving is they’ve future-proofed their technology and have big plans in place. If you are building your decentralized apps and need a flexible blockchain, Tezos may be the one for you. From a speculative point of view, the increase in use could also affect the price positively. Tezos is a great concept with a great vision and has received a thumbs up from us and our community.
Heard enough and want to get a piece of the action? Buy Tezos with a credit card on our platform.
Kadena Blockchain – How Does it Stand Out From Other Blockchains?
Kadena is up and running with a hybrid public and permissioned blockchain. It is fast, secure and simple and already used by major companies in finance, healthcare and insurance. Kadena blockchain is powered by Proof of Work and they’ve figured out how to fix the usual issues with PoW (its slow and low throughput), without having to also reinvent the consensus wheel.
The team comes from a background in banking – JPMorgan veterans, SEC & regulation and blockchain, and a strong technical lead with over a decade of experience in software development in the defence industry. In short, they know what solutions the biggest industries need and how to build it.
In 2018, the Kadena team raised a total of $15 million to launch their public blockchain from notable investors such as Multicoin Capital, Coinfund and Devonshire, the private investment arm of the owners of Fidelity Investments.
Kadena favors a hybrid approach to enterprise blockchain that combines public and private chains that gives their customers the best of both worlds. You can run a smart contract on their public Chainweb protocol and that smart contract can be linked to a cluster of private permission chain nodes that are running the other half of the application. This allows you to have all of the market access and openness and transparency and ownerlessness of a public network, while also having the control and the security that you find in a private network.
We believe that Kadena has a bright future ahead, solving real world problems with blockchain technology is what will lead us to adoption. This is not a promise of the future anymore, they are already doing it. This is why Kadena is one of the new tokens listed on our platform. We believe in their vision and ability to execute. We will be working closely with the Kadena team and giving all of our traders access to it as we have big plans in DeFi and Kadena are perfect for introducing new products to the space.
USDC is That a New USDT?
USD Coin is the fastest growing, fully reserved digital dollar stablecoin. USDC is issued by regulated financial institutions, and backed by fully reserved assets, and redeemable on a 1:1 basis for US dollars. USDC is governed by Centre, a membership-based consortium that sets technical, policy and financial standards for stablecoins.
In short, it is pretty much the same, however they promise to do it right.
Why do we need stablecoins?
In trading, when we wish to get out at a good price, it would make sense to swap your crypto into something that doesn’t fluctuate 20% every day. If your aim is not cash out to fiat, this works well. Even though fiat currencies also make their moves of course, it is much more stable usually than crypto. This is the beauty of both in a way.
The only purpose is not trading though, this can be used as a payment method as well. The problem with transacting with something like bitcoin for both the consumer and merchant is the price. Imagine buying a pair of trainers and bitcoin shooting up 20% during your purchase, winner, right? If it goes the other way, not so much fun. Here’s where USDC solves a problem for those that wish to transact in crypto but want to do it at a stable price.
Finally, who is to say that this could not become the global alternative to the traditional USD. People could use it instead of traditional banking services. As with any new alternative options, USDC has the opportunity to lower fees for consumers and bring financial inclusion to the world.
Hop On Board!
And there we have it. Three new cryptos listed on our site – Tezos, Kadena, and USD Coin. We’ve got many more coming soon, all of them handpicked and trusted by us and our community. CoinMetro is growing fast this year and we’ve got many more incredible updates to share with you very soon.
Don’t have an account yet? Hop over to our crypto exchange and get access to the future of finance!