Coin On to Launch Three New Trading Pairs

03/23/2023 05:18 • Metaverse Matters • 134 views

According to reports, Coin On officially announced that it will launch three new trading pairs, AGIX/TRY, LOOM/USDT, and OAX/USDT, on March 24, 2023 at 08:00 (UTC). Coin On reminded that TRY is legal tender and does not represent any other digital currency.

Coin On will launch three new transaction pairs: AGIX TRY, LOOM USDT, and OAX USDT

Coin On has announced that it will be launching three new trading pairs on March 24, 2023 at 08:00 (UTC). According to reports, the three trading pairs are AGIX/TRY, LOOM/USDT, and OAX/USDT. The exchange has reminded investors that TRY is a legal tender and does not represent any other digital currency. In this article, we will delve into the implications of these new trading pairs and what it means for investors.

The New Trading Pairs

Coin On’s decision to launch three new trading pairs comes at a time when the cryptocurrency industry is experiencing tremendous growth. The AGIX/TRY pair is a combination of the AGIX token and TRY. AGIX is the native currency of the SingularityDAO ecosystem, and SingularityDAO represents a community-driven project that aims to build and use decentralized AI applications. On the other hand, TRY is Turkish Lira, a legal tender in Turkey.
The LOOM/USDT pair is made up of the LOOM network’s native token and USDT. LOOM is a Layer 2 scaling solution for Ethereum that enables developers to create and operate dApps on top of Ethereum. USDT, on the other hand, is the most popular stablecoin in the cryptocurrency market, and it is pegged to the US dollar.
Finally, the OAX/USDT pair comprises OAX, which is a token on the openANX platform. The openANX platform is a decentralized exchange that utilizes blockchain technology and smart contracts to provide a decentralized trading experience. USDT, as mentioned earlier, is a stablecoin pegged to the US dollar that is used to facilitate transactions on the openANX platform.

Implications of the Launch

The introduction of these new trading pairs is an exciting development for investors as it widens the opportunities for trading on the Coin On exchange. What’s more, with the inclusion of USDT in two of the trading pairs, investors have the option to use a stablecoin for trading. A stablecoin is a digital currency that is pegged to a real-world asset such as the US dollar, making it more stable than other cryptocurrencies that are prone to volatility.
Moreover, the new trading pairs will enable investors to invest in projects such as SingularityDAO, LOOM, and openANX through cryptocurrency trading. The AGIX/TRY pair gives investors exposure to the SingularityDAO project, which aims to leverage AI applications to bring positive change to society. Meanwhile, the LOOM/USDT pair provides investors with an opportunity to trade in the Layer 2 scaling solution for Ethereum. Finally, the OAX/USDT pair will allow investors to trade in the openANX platform, which is an innovative decentralized exchange.

Conclusion

The addition of the AGIX/TRY, LOOM/USDT, and OAX/USDT trading pairs to Coin On’s platform is a positive move that offers investors more options for trading. This development comes at a time when the cryptocurrency market is undergoing massive growth and innovation. It’s impressive to see how Coin On is committed to bringing such innovative investment opportunities to its clients.

FAQs

1. What is Coin On?
Coin On is a cryptocurrency exchange platform that offers its users a fast, secure, and reliable trading experience.
2. What is a stablecoin?
A stablecoin is a digital currency that is pegged to a real-world asset such as the US dollar, making it more stable than other cryptocurrencies that are prone to volatility.
3. What is SingularityDAO?
SingularityDAO is a community-driven project that aims to build and use decentralized AI applications to bring change to society.
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