LiteBit platform has announced the addition of 3 new crypto-currencies from the Polkadot (DOT) ecosystem. Zoom in on LiteBit’s welcome offer and the specifics of the new tokens just listed.
New tokens added to LiteBit’s offer
Among the 60 or so crypto-currencies LiteBit used to offer, the platform now offers 3 newcomers from the Polkadot (DOT) blockchain ecosystem. Thus, it is now possible to buy Glimmer (GLMR), Moonriver (MOVR), and Acala (ACA) on LiteBit.
LiteBit is a Dutch crypto-asset broker registered with the Autorité des marchés financiers (AMF) as a Digital Asset Service Provider (DAP). In addition to the security already offered by the platform, the PSAN status offers a new guarantee that helps reassure the most reluctant.
The LiteBit platform allows to buy and sell various cryptocurrencies, but also to exchange with other wallets.
For people living in France, LiteBit also offers 20 euros in LiteBit Credits (LBC) to new users upon validation of their account. A perfect welcome gift to take your first steps in the world of cryptocurrencies.
Focus on the tokens added by LiteBit
What are these new tokens listed on LiteBit for? Here’s a summary for each crypto-currency.
The Acala (ACA) token is the token of the eponymous platform. This parachain of Polkadot (DOT) attracts the public by integrating decentralized finance tools already present on the Ethereum Blockchain into the Polkadot blockchain.
Its presence on the Polkadot blockchain is also accompanied by its compatibility with the Ethereum blockchain, and others in the future. This attraction therefore justifies the presence of this new token on LiteBit.
The Glimmer (GLMR) is the token of the Moonbeam protocol. This smart contracts platform also compatible with the Ethereum blockchain allows to create a bridge for applications wishing to develop on the Polkadot network, without having to rework their already existing code.
The GLMR token allows to secure the network with staking, pay transaction fees, and grants governance rights to its holders.
The Moonriver (MOVR) platform, sister to the Moonbeam platform, is a Kusama parachain (KSM), an experimental blockchain considered as a “preparatory network” before entering the Polkadot network.
Its token therefore pays for the transaction and execution fees of smart contracts, and also grants governance rights over the future of the protocol.