Not long ago we presented the first part of the news cryptocurrencies on SpectroCoin. On that positive note, our team kept pace and very quickly implemented three additional currencies in the platform: Algorand, Polygon and Shiba Inu. In this blog post, we will briefly introduce the new additions that you can now buy and sell on SpectroCoin.
Presentation of new cryptocurrencies on SpectroCoin
While deciding which cryptocurrencies will be included in our list of supported currencies, the key aspects we take into account are the demand of our community, the technology behind the project, and the liquidity of the cryptocurrency. So this time we implemented Algorand (ALGO), Polygon (MATIC) and Shiba Inu (SHIB).
Algorand was released in 2019 with the goal of improving the security, decentralization, and speed of blockchain technology. It is an open source network designed for other developers to build new applications powered by cryptocurrency. Mainly, the Algorand project has been used in real estate, copyright and microfinance.
ALGO, Algorand’s native currency, allows its holders to block rewards that are distributed every 10 minutes. The rewards are intended to encourage users to use the Algorand platform.
Polygon is a blockchain platform designed to scale Ethereum and develop its infrastructure. It provides a framework to link blockchain networks compatible with Ethereum. The project aims to provide a faster and cheaper option for processing transactions.
MATIC, the native ERC-20 token of the Polygon project, is intended as a currency of settlement between users of the platform. In addition, MATIC is used to pay transaction fees on the Polygon network.
Shiba Inu (SHIB)
You have probably already heard of the famous Dogecoin, which you can already trade on the SpectroCoin platform. Shiba Inu (SHIB) is an ERC-20 token built on the same popular internet joke. The token also features Shiba Inu in its logo, aimed at grabbing the attention of the entire Bitcoin community.
Shiba Inu’s owns its own decentralized exchange ShibaSwap, allowing users to exchange SHIB tokens for other cryptos. Additionally, SHIB holders can own billions of SHIB tokens.
SpectroCoin users can already trade Algorand (ALGO), Polygon (MATIC) and Shiba Inu (SHIB) in our Buy and Sell section, as well as send and receive them to and from other wallets. We will be adding even more cryptocurrencies very soon – stay tuned!
If you have any questions regarding the cryptocurrencies supported by SpectroCoin, please feel free to contact our customer support through the LiveChat bubble available on our website or send an email to [email protected]