Coins.ph has recently added three new cryptocurrency tokens: the USD Coin (USDC), Chainlink (LINK), and Kyber Network Crystal (KNC) on its platform.
With this, Coins.ph customers can buy, sell, and store these three tokens directly on the Coins wallet.
USD Coin (USDC) is a stable coin backed 1:1 by the US Dollar. According to Coins.ph, a stablecoin is a type of cryptocurrency designed to reduce volatility by pegging itself to stable assets like gold or fiat currency. Moreover, unlike other stablecoins, USDC provides full transparency shown through regular audits.
On the other hand, Chainlink (LINK) is a decentralized network of oracles that connect to the Ethereum blockchain. Through its decentralized network of oracles, it connects smart contracts on the Ethereum network to real world data such as price feeds, live weather, market data, web API’s, and other online databases. Additionally, Chainlink is also working with Google’s enterprise data warehouse called BigQuery.
Meanwhile, Kyber Network Crystal (KNC) is the governance token of the Kyber Network. A governance token is identified as a type of token that allows its holders to vote on the proposals that will determine the future of protocol. In addition, the Kyber Network is a protocol that provides liquidity for ERC-20 tokens. It is a decentralized exchange that uses liquidity pools on the Ethereum network.
Currently, the available cryptocurrencies in the Coins wallet are as follows:
• Bitcoin (BTC)
• Ethereum (ETH)
• Bitcoin Cash (BCH)
• XRP
• USD Coin (USDC)
• Chainlink (LINK)
• Kyber Network Crystal (KNC)
The Coins.ph app is available on Google Play and App Store.
Source: Coins.ph
