We are excited to welcome 12 new tokens to the CoinJar lineup

From NFTs to sporting tokens, synthetic assets, blockchain oracles and DeFi pioneers, these coins represent some of the most innovative projects in the crypto space.
Axie Infinity (AXS), Fantom (FTM), TerraUSD (UST), Amp (AMP), Chiliz (CHZ), Uma (UMA), The Sandbox (SAND), Loopring (LRC), Injective Token (INJ), Badger DAO (BADGER), Band Protocol (BAND), Mirror Protocol (MIR)

From today, you’ll be able to buy and sell all of these coins on CoinJar, joining the 30 cryptocurrencies that our users can already trade, store, send and spend.

Update your app to get access to the full available range of tokens on CoinJar. These tokens won’t initially be available for purchase through CoinJar Bundles or on CoinJar Exchange, but will be added in the near future. Also note that we currently only support ERC-20 transfers on the Ethereum network. Layer 2 tokens – FTM, CHZ and BAND – have to be transferred using an ERC-20 address, not their own network. Any transfers to or from CoinJar using a non-ERC-20 address will be lost and may not be able to be recovered.

Axie Infinity (AXS) is a blockchain-based game built on the Ethereum network. Using similar mechanics to the Pokemon universe, players collect creatures known as Axies and raise, battle and trade them with others. AXS (Axie Infinity Shards) is the governance token of Axie Infinity. It gives holders the right to vote on upgrades to the game and how to use the community treasury and can also be used in the NFT marketplace.

Amp (AMP) is a multi-platform insurance token designed to protect transfers while they’re processed by the blockchain. It achieves this through the use of shared collateral pools. AMP is the token used in the Amp collateral pools. People contributing AMP tokens receive more AMP as a reward while people using the collateral pay 1% transaction fees which are used to buy AMP on market and distribute it to those staking their tokens.

USD Terra (UST) is a US-dollar pegged stablecoin built on the Ethereum network. At all times the value of a single UST token is one US dollar, hence the term stablecoin. Similar to DAI, UST is a decentralised stablecoin, meaning that it manages its value through an algorithm rather than physically holding the correct amount of USD. In UST’s case, minting each dollar requires the network to burn an equivalent amount of the Terra network’s reserve asset, LUNA.

Fantom (FTM) is a protocol layer blockchain (similar to Ethereum) on which people can transact, launch smart contracts and build decentralised apps, with a focus on DeFi projects. Built on top of Ethereum, Fantom employs a unique consensus mechanism (known as Lachesis) to deliver faster and cheaper transactions – typically 1-2 seconds and costing 0.001 cents. FTM is the native token of the Fantom network, used to pay for transactions and given to users in the form of staking rewards.

Chiliz (CHZ) is the token that powers Socios.com, the world’s first blockchain-based fan token platform. Users use CHZ to buy tokens for their preferred club, which then gives them access to specific fan content and experiences. More than 20 of the world’s biggest sporting clubs have already released a token through Socios, including Manchester United, Juventus, Paris Saint-Germain, AC Milan and FC Barcelona.

Universal Market Access (UMA) is a platform built on the Ethereum network for the creation of synthetic and derivative asset marketplaces. UMA is the governance token of Universal Market Access, giving holders the ability to vote on changes to the protocol’s payment mechanics and system upgrades.

The Sandbox (SAND) is a virtual world (similar to Minecraft) that allows players to build, own and monetise land and other assets that they’ve created as NFTs. SAND is the native token of the Sandbox, used for transactions and interactions, as well as to offer staking rewards and allow people to take part in governance decisions.

Loopring (LRC) is a layer-2 scaling solution built on the Ethereum network. Loopring uses a technology called zkRollups to achieve transaction throughput of up to 1000x the regular Ethereum network at 1/100th of the cost. LRC is the native token of the Loopring network. It’s used to pay for transactions and take part in governance decisions, and is paid out to those who participate in the network’s liquidity pools.

Injective Protocol (INJ) is a decentralised, cross-chain derivatives exchange built on the Ethereum network. It allows users to access, trade and create futures, options and other synthetic markets. The INJ token lets you trade and create new markets, as well as take part in protocol governance (i.e. voting on new listings and fee schedules). You earn INJ by staking, contributing to liquidity pools, hosting exchange nodes and trading profitably.

BadgerDAO (BADGER) is a decentralised autonomous organisation (DAO) that integrates Bitcoin into DeFi through the use of an analogue token known as DIGG. DIGG uses an algorithm to maintain its peg to BTC, much like the way the stablecoin DAI maintains its peg to the US dollar. BADGER is the governance token of BadgerDAO. It allows holders to vote on changes to the BadgerDAO protocol and fee structures, while BADGER tokens are paid to developers and users of the platform.

Band Protocol (BAND) is a cross-chain data “oracle” that is able to take real-world data and supply it to smart contracts and other on-chain applications (similar to Chainlink). BAND tokens can be staked to help verify transactions on the network and are also used by smart contract developers to pay for the services of the network’s oracles.

Mirror Protocol (MIR) is a decentralised derivatives platform that allows for the creation and trading of synthetic versions of real-world assets through what’s known as Mirrored Assets. MIR is the protocol’s governance token, giving holders the ability to vote on changes to the protocol and the development of the project. It can be earned by staking MIR tokens, as well as providing collateral to liquidity pools.
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