New smart contract platform tokens on Bitpanda
Bitpanda has just added Syscoin (SYS), Zilliqa (ZIL) and Cartesi (CTSI).
Keep building your portfolio and be sure to visit the global Bitpanda social media accounts to let Bitpanda know which one is your favorite this week – read on and find out how you can earn €500 worth of value in your chosen new asset.
Nature blooms in spring and so does Bitpanda’s list of assets, which continues to grow with every #CryptoWednesday.
In case you haven’t added the most popular Web3 crypto assets or payment tokens that are being talked about right now or missed Bitpanda’s new NFT and metaverse coins, crypto tokens and multi-chain coins, be sure to check them out, and then check out Bitpanda’s newest addition: Smart Contract Platform Tokens.
Do you ever think about your crypto asset portfolio when you buy a soft drink from a vending machine? Probably not, but did you know that the automated process of getting your favorite drink on the go inspired the invention of smart contract technology? As the adoption of blockchain technology booms, exciting new projects in the space are pushing decentralized finance to new dimensions.
Meet the new competitors of Ethereum
Can’t you have the best of both worlds? Syscoin thinks so.
The project is working on creating a protocol that transforms the blockchain experience by combining the best features of both Bitcoin and Ethereum.
Syscoin is an open-source and decentralized project that has set out to transform the Proof of Work (PoW) consensus algorithm used in the Bitcoin network as the basis for scaling.
The project uses a combination of Bitcoin merge mining and the NEVM smart contract solution, scalable Ethereum, while second-layer ZK roll-ups enable fast token transfers.
Syscoin use cases include simple value transfers, affordable smart contracts, and secure, decentralized settlements.
SYS is the native token of the Syscoin network that can be mined during the network’s Bitcoin merge mining process and you can invest in SYS on Bitpanda.
Initially, based on the Ethereum blockchain, Zilliqa has since evolved into its own decentralized platform.
The project has set out to solve the scalability issue that blockchains sometimes run into when using sharding.
Sharding means that a very large database is divided into smaller, faster, and easier-to-manage chunks or partitions, called (data) shards, which spread the workload across a network.
Thanks to sharding, the consensus process and processing times are accelerated, increasing performance and lowering transaction costs.
ZIL is the native token of the network that is needed to carry out transactions, execute smart contracts and reward miners, and you can buy ZIL on Bitpanda.
The Cartesi project works with top chains like Ethereum, Matic (Polygon), and others.
It is also the first blockchain operating system (OS) to offer a layer 2 infrastructure, integrating Linux and standard programming environments to encode scalable smart contracts.
The project is characterized by high scalability, security, and low transaction costs, and its network’s utility token, CTSI, is used for commission payments, staker rewards, and much more.
And besides, now you can invest in CTSI with Bitpanda.
Keep coins in circulation
Ready for more new projects? Stay tuned for new members of Bitpanda’s platform, more and more interesting, as Bitpanda regularly add new tokens that you ask them for, as long as they meet Bitpanda standards and Bitpanda’s legal requirements.
Bitpanda announces the new additions on the Bitpanda Blog and on Bitpanda’s social media channels, so stay tuned every #CryptoWednesday! If you also have your own crypto-asset project that you would like to see incorporated into Bitpanda, please apply here.
And now, find out how you can be among this week’s winners:
Name your favorite, tag a friend and you can win
Which coin makes your heart beat faster? Tell Bitpanda and tag a friend in your comment on Bitpanda’s official social networks between Wednesday, April 20, 2022, 12:00 CET and Tuesday, April 26, 2022, 11:59 p.m. CET.
This is what you have to do:
- Pick your new favorite asset in this batch of new crypto asset projects appearing on Bitpanda: Syscoin (SYS), Zilliqa (ZIL), and Cartesi (CTSI).
- Then just let Bitpanda know which one you choose in the comments on Bitpanda’s global social media channels: On Instagram, tag a friend and tell Bitpanda which coin you’d send them, and you’ll both have a chance to win the equivalent of €500. in that currency. On Bitpanda’s global Twitter account, quote Bitpanda’s tweet and tell Bitpanda your favorite addition.
- Bitpanda will select 3 winners per social channel (Instagram and Twitter).
- If you are selected as a winner, both you and the friend you tagged, if you participated on Instagram, will receive the equivalent value of €500 in that currency, which will be credited to your Bitpanda wallets within 3 weeks from the end of the contest.
Do you want to start investing?
You just need to open your Bitpanda account via the Bitpanda website or on Bitpanda’s app for iOS and Android, complete the verification and start investing.
Follow the evolution of the prices of your favorite cryptocurrencies, stocks, ETFs and precious metals in Bitpanda’s app for iOS and Android or on Bitpanda’s website.
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