Dear Biconomy Users,
Biconomy will launch 6 new trading pairs:
Tribe is the governance token for the FEI algorithmic stablecoin. Fei aims to provide a new decentralized solution to the stablecoin market. Existing stablecoins are either fiat-collateralized and, therefore, centralized or crypto-collateralized, making them capital-inefficient. Other algorithmic stablecoins suffer from no liquidity backing the peg, making them inherently unstable or centralize rewards to seigniorage stakeholders. FEI proposes a model similar in design to fractional reserve central banking, where the protocol issues FEI for a subsidized price against ETH at its genesis event and subsequently uses the incurred Ether as a treasury to maintain the peg. TRIBE is the governance token of the DAO controlling the governance of FEI and can be used in governance proposals or swapped for FEI in a UniSwapV2 liquidity pool.
Official Website: https://fei.money/
Official Website: https://www.ltonetwork.com/
Reserve Rights (RSR) is an ERC-20 token that will serve two main purposes for the Reserve Protocol: insuring Reserve stablecoins (RTokens) through staking and governing them through proposing & voting on changes to their configuration.
Official Website: https://reserve.org/
Polkastarter is a platform for launching and managing IDOs. An IDO is a pre-launch token offering where early-stage projects will sell a limited number of tokens to whitelisted community members. POLS is Polkastarter's native utility token and is used in the following functions: IDO whitelisting: Community members cannot participate in IDOs unless their addresses are whitelisted by the project raising funds. The acquisition of the whitelist is random, but will be distributed proportionally according to the number of POLS tokens held.
Official Website: https://polkastarter.com/
White paper: https://docs.polkastarter.com/
SelfKey is a platform built by a team from Hong Kong to manage and use personal identity authentication. This platform utilizes blockchain to store the necessary identity information that can be used in different fields such as citizen identification, business services, etc. Selfkey is a digital identity e-wallet and market based on blockchain, which enables individuals and enterprises to truly own, control and manage their own digital identity, and can obtain instant access including investment naturalization, company registration, banking, Financial and immigration services including fintech products, token sales, digital currency exchanges, etc.
Official Website: https://selfkey.org/
White paper: https://selfkey.org/whitepaper/?lang=zh-hans
Filecoin is a decentralized storage system that aims to “store humanity’s most important information.”
The project was first described back in 2014 as an incentive layer for the Interplanetary File System (IPFS), a peer-to-peer storage network. Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime.
Official Website: https://filecoin.io/
White paper: https://docs.filecoin.io/
Risk warning: Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. Biconomy will make best efforts to choose high-quality coins, but will not be responsible for your investment losses.
Thanks for your support!
Biconomy reserves the right to amend or change or cancel this announcement at any time and for any reason in its sole discretion and without notice. The above content is for informational purposes only and Biconomy does not make any recommendation or guarantee for any digital assets, products or promotions on Biconomy. The price of digital assets fluctuates greatly, and there are risks in digital asset transactions.