4 New Coins Soon to be Available for Trading on Bitkub
Today, let’s take a look at the 4 new coins that will be available for trading on Bitkub soon.
You may be wondering, “What are they?” “What are their uniquenesses?”
Wonder no more and we’ll be answering these questions and the many that may follow in this article!
1. GuildFi Token (GF)
GuildFi is a Web3 platform that creates an ecosystem that connects metaverses of games together to support the NFT gaming community and provide information about various NFT games in one place.
One thing to point out about GuildFi is that players can sign up for a GuildFi ID to track their performance across many games in just one place. The platform also selects a variety of quality and credible games so that players can choose the games that suit them most. Some examples of the games include CYBALL and even Axie Infinity!
GuildFi Token (GF) is an ERC-20 standard token developed on the Ethereum network. It can accrue value from the platform’s growth and can be used for staking on the platform. GF token owners who stake their tokens can become a member of the GuildFi DAO and receive benefits like NFT allocation and token airdrops from games, access to tools for players or guilds, and early access to games.
Gala Games is a platform for blockchain games that aims to enable players to have control over games and their assets through its creation of its very own blockchain system that allows users to become Founder’s Nodes to take part in supporting the games in the ecosystem.
One unique point about Gala Games is the 50,000 Founder’s Nodes, which are the nodes that verify transactions and secure Gala Games’ network, that people can be bought and owners get rewards based on the points they collect from their nodes’ operating hours.
Additionally, GALA is the platform’s ERC-20 standard utility token on Ethereum and BEP-20 standard token on Binance Smart Chain that can be used for trading NFTs in the ecosystem.
Illuvium is a fantasy open-world Play-to-Earn (P2E) game that runs on the Ethereum network that combines the PVP and adventure game genres together. Players get to battle in-game characters and monsters known as Illuvials. Each Illuvial has its own special powers and is a NFT. If players can defeat one, it will be added to the players’ team and can be used to fight in future battles.
One point of distinctness about Illuvium is sILV, which is a secondary token that users can obtain by providing liquidity to the platform (Yield Farming). The amount of sILV users acquire is equal to the value of ILV they provided in USD beforehand. Owners of sILV can utilize the token to buy in-game items, but they cannot withdraw it as it is not a token on any blockchain.
ILV is an ERC-20 standard token on the Ethereum network. It is earned as rewards for participating in in-game activities or challenges. ILV can be used as a governance token in Illuvium’s DAO (Decentralized Autonomous Organization), where owners can dictate the direction of the platform. ILV can also be used to access the Illuvium Valut.
GateToken (GT) is the unique exchange token of the Gate.io exchange and the utility token of the GateChain, which is a blockchain network created by Gate.io.
One point readers must take note of about GateChain is its solution to theft and private key loss. Users will have a vault account for long-term asset storage. They can transfer their assets from the vault account to their normal account for regular daily transactions. The vault account has a special function called “Revocable Transaction”, wherein users can set a revocable delay period, which is a time period where transactions can be revoked.
GT is an ERC-20 standard token. The number of GT is limited at 300 million. Starting from September, 2020, Gate.io has used 20% of its profits to buy GT back from investors and burn them. They publish reports about the burning every quarter, providing transparency and proof of burning.