What are the new ERC-20 tokens added to SpectroCoin?

What are the new ERC-20 tokens added to SpectroCoin? With the recent system release, SpectroCoin
enabled ten new ERC-20 tokens. Wrapped Bitcoin (WBTC) is a token pegged to
the value of Bitcoin at a 1:1 ratio. The purpose of wrapped coins is to widen the
usage of particular cryptocurrencies in the Ethereum applications such as smart contracts
or Ethereum wallets. Chainlink (LINK) is used to pay for services
offered by the Chainlink project, a network that provides required real-time data to Ethereum
smart contracts. Dai (DAI) is a stablecoin backed by the US
dollar. The token is used in the MakerDAO platform,
a lending system in which DAI is borrowed and repaid by the users. Uniswap (UNI) is a governance token of the
Uniswap platform – a decentralized exchange built on Ethereum. Holding UNI tokens, platform users gain the
right to vote on the project development. Maker (MKR) aims to improve the volatility
of the native Maker project’s stablecoin – DAI. The price of MKR solely depends on the DAI
usage. Similarly to other tokens, MKR token holders
can vote on the business development of the project. Aave (AAVE) is a native token of the lending
project based on the Ethereum blockchain.

In addition to voting on the project development,
AAVE holders can benefit from discounted services. Compound (COMP) is a currency of the Compound
protocol, allowing users to lend and borrow crypto without any intermediaries. Also, COMP tokens are used as a reward for
customers participating in the Compound market. 0x (ZRX) is a utility token of the open-source
Ethereum protocol, called 0x. The protocol offers crypto exchange on the
Ethereum blockchain. Holding ZRX tokens, users are required to
pay for trades made on this protocol. Basic Attention Token (BAT) is used to pay
for services provided by the advertising software, named Basic Attention Token. The software allows to track users’ attention
and time spent on the Brave browser. SushiSwap (SUSHI) is a token of a decentralized
platform called SushiSwap, in which users are able to buy and sell cryptocurrency.

Token holders can suggest adjustments and
decide on other users’ proposals to the platform. SpectroCoin users can already buy, sell, hold,
deposit, and withdraw these tokens on the platform. Of course, the team is continuing their work
to bring even more cryptocurrencies to SpectroCoin. Stay tuned!.

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