After a week full of asset drops, we wanted to give a quick recap of all that’s new and available to you in your favorite Blockchain.com products.
- In the Blockchain.com Wallet, you can now send, receive, buy, sell, swap, and hold USD Coin (USDC) and Dogecoin (DOGE)
- On the Blockchain.com Exchange, you can now deposit, trade, and withdraw the Efinitiy Token (EFI) and SushiSwap (SUSHI)
We also announced a number of trading competitions and giveaways that you won’t want to miss.
- Purchase $100 of Stacks (STX) or more on the Blockchain.com Exchange by August 6th (last call!) and hold it through the end of August for a chance to win pooled Stacking rewards for all STX purchased.
- Purchase $100 of Efinity (EFI) or more on the Blockchain.com Exchange and hold it through August 13th to receive a limited edition NFT.
- Purchase $100 of SushiSwap (SUSHI) or more on the Blockchain.com Exchange by August 13th for a chance to win Blockchain.com and SUSHI swag.
About USD Coin (USDC)
USD Coin (USDC) is fiat-collateralized stablecoin that offers the advantages of transacting with blockchain-based assets while mitigating price risk. Each USDC is issued as an ERC-20 token on the Ethereum blockchain and is 100% collateralized by a corresponding USD held in accounts subject to regular public reporting of reserves. (Messari)
About Dogecoin (DOGE)
Dogecoin is a meme cryptocurrency with the internet-famous Shiba Inu canine breed as a mascot. The project was introduced on Twitter by Jackson Palmer on November 27, 2013 when he tweeted about “investing” on “Dogecoin”, a made-up name. Some of Palmer’s friends encouraged him to create a real Dogecoin project, so he registered dogecoin.com and started working. Billy Markus saw the website and reached out to Palmer. Markus and Palmer thought Dogecoin would make the cryptocurrency space more palatable to newcomers since, as they built the protocol, Bitcoin was beleaguered by associations with Silk Road and dark web. Palmer exited the Dogecoin project and community in June 2014 by tweeting, “Unsubshibing. Peace”
Unlike a variety of other altcoins launched in 2013 and 2014, Dogecoin has proved itself surprisingly resilient to crypto-asset market cycles, which is speculated to be the result of meme durability. (Messari)
About Efinity (EFI)
The Efinity Token, or EFI, is the native token used for all transaction fees, liquidity, governance and community rewards on the Efinity network. Enjin is the team behind Efinity, a next generation blockchain for digital assets, built on Polkadot. Efinity was built to produce a modern, mainstream and developer-friendly NFT experience. (Efinity Whitepaper)
About SushiSwap (SUSHI)
SushiSwap is a decentralized exchange built on Ethereum that utilizes an automated market making system rather than a traditional order-book. Instead of matching individual buy and sell orders, users can pool together two assets that are then traded against, with the price determined based on the ratio between the two. SushiSwap began as a fork of Uniswap; however, is growing into a more diversified, more grassroots alternative.
SUSHI is SushiSwap’s native governance token. SUSHI can be staked in return for xSUSHI which receives voting rights as well as fees (0.05% on swaps). 2/3rds of SUSHI earned via staking in xSUSHI pools is time-locked for 6 months. Users withdrawing their SUSHI from the SushiBar get their SUSHI back plus whatever fees they earned during the time they were holding xSUSHI. (Messari)
About Stacks (STX)
Stacks (formerly Blockstack) provides software for internet ownership, which includes infrastructure and developer tools to power a computing network and ecosystem for decentralized applications (dApps). Its focus is to replace the reliance on centralized cloud service providers and apps that harvest and monetize user information. The Stacks network allows users to directly own digital assets like usernames, domain names, computer programs, etc. On the Stacks blockchain, computing is done on the edges (i.e., client devices), and applications on the platform store data individually and use the blockchain only when necessary. (Messari)
Digital asset markets are unregulated and not currently governed by any specific UK, European or US regulatory framework. Digital currencies are not bank deposits, are not legal tender, and are not backed by the government. Blockchain Access UK Ltd’s products and services are not within the jurisdiction of the UK Financial Ombudsman Scheme, nor are they subject to the UK Financial Services Compensation Scheme, the US Federal Deposit Insurance Corporation or Securities Investor Protection Corporation, or any other non-UK or non-US governmental or government-backed protections.
Legislative and regulatory changes or actions in any jurisdiction in which Blockchain.com’s customers are located may adversely affect the use, transfer, exchange, and value of digital currencies.
A week of asset drops, competitions, and giveaways was originally published in @blockchain on Medium, where people are continuing the conversation by highlighting and responding to this story.