LiteBit to list 19 new cryptos on its platform!

Wed 26 Jan 2022 ▪ 23h13 ▪ 12 min read — by James Taylor

LiteBit has grown exponentially over the past few months. Finishing the year with more than 40 cryptocurrencies on its platform, LiteBit has added 19 more cryptos since. We are now bringing you an update on LiteBit’s offer. Whether you are an investor or an enthusiast, you’ll definitely find what you are looking for on this exchange!

LiteBit in a nutshell

Before telling you about the new cryptocurrencies listed by the platform, let me introduce you to the LiteBit exchange. Founded in the Netherlands in 2013, Litebit allows users to buy, sell and store more than 60 different cryptocurrencies. We have recently written about all the cryptocurrencies available on the exchange, 45 at the time. This rapid increase reflects the project’s dynamism and its desire to offer its customers a choice as diverse as possible.

As for Litebit’s reliability, the exchange has been recognised by the AMF (France’s Financial Markets Regulator) in 2021. Having been registered as a Service Provider for Digital Assets (PSAN), LiteBit is authorised to offer its services in France. The platform, therefore, wishes to conquer France and continue to develop in other European countries. Now that you are acquainted with Litebit and its legitimacy no longer has to be proven, let’s dive into the latest projects added!

Algorand (ALGO)

We’ll deal with the projects in alphabetical order, starting with A for Algorand! Algorand is a blockchain-based decentralised self-sustaining network. The goal of the project is to support a variety of applications. To do this, Algorand works on secure, scalable, and efficient solutions – everything the applications of tomorrow need. Ultimately, Algorand wants to set an example in terms of reliability to create new forms of digital trust. As of this writing, an ALGO token is trading at around $0.94.

Avalanche (AVAX)

This project’s name speaks for itself! Indeed, Avalanche is one of the best performers of 2021, capable of destroying every obstacle in its path. In less than two years, the project has risen to 12th place among the largest cryptos by market cap. Avalanche is the fastest smart contracts platform in the blockchain industry with minimal costs and an eco-friendly policy. The goal is to enable applications to outperform their competitors using Avalanche’s effective infrastructure. As of this writing, AVAX is trading at around $67.62.

Cosmos (ATOM)

Cosmos wishes to solve all the problems that plague the blockchain ecosystem. The project offers an antidote against slow, expensive, non-scalable, and environmentally dangerous PoW (proof-of-work) protocols, such as Bitcoin. To solve this issue, Cosmos wants to create an ecosystem of interconnected and interoperable blockchains. As of this writing, ATOM is about $34.97.

Curve (CRV)

The Curve project is definitely ahead of the curve here. It is a decentralised exchange for stablecoins that uses an automatic market maker to manage liquidity. To put it simply, the algorithm controls the supply and demand on the platform to ensure that everyone can find something suitable for their needs. Having grown a lot in 2020, Curve is now a well-known exchange liquidity pool in all decentralised finance solutions. As of this writing, CRV is trading at approximately $3.07.

Elrond (EGLD)

The French blockchain ecosystem is particularly fond of this one. If you follow the crypto community a bit, you may have already come across Elrond and its token – EGLD. Loved by many French crypto influencers, including Owen Simonin (Hasheur), Elrond is an infrastructure blockchain. The project uses a technology called sharding to provide extremely fast and secure transactions. Elrond wants to support the new web technologies of tomorrow by developing high-performance IoT, FinTech, DeFi, and smart-contract solutions. As of this writing, EGLD is trading at around $143.

Phantom (FTM)

Fantom is a high-throughput smart-contract platform based on a directed acyclic graph (DAG). Behind this scary word hides in fact a way of designing networks in graph theory, networks with a certain hierarchy. With this architecture, Fantom wishes to offer tailor-made tools to facilitate developers’ tasks. Indeed, the platform’s smart contracts can accomplish finality in 1 to 2 seconds, which is much faster than average. As of this writing, one FTM token is around $2.33.

Filecoin (FIL)

Filecoin is an amazing project aiming to record all important data concerning humanity. The project was first created as a network facilitating peer-to-peer information exchange. Now, Filecoin is backed by a blockchain that records the actions of different users, allowing them to store and retrieve data on the internet. The blockchain also uses two lesser-known unique consensuses: Proof-Of-Replication and Proof-Of-Spacetime. As of this writing, FIL is trading at around $18.31.

Harmony (ONE)

This is one of the two projects we wrote about a few days ago. Harmony wants to offer users a platform that facilitates the creation of decentralised applications. The technology used to achieve that is extremely intriguing. Like Elrond, the Harmony project uses sharding to transmit information on its network. As of this writing, ONE is trading at around $0.21.

IOTA (MIOTA) 

The IOTA project differs quite a bit from the ones already presented in the article. The project is a distributed ledger designed to record and execute transactions between machines and devices in the Internet of Things (IoT) ecosystem, relying on Tangle, an innovative type of distributed ledger technology specifically designed for the Internet of Things. Although not decentralised, the foundation behind the project allows for faster transactions and a reduced carbon footprint. Finally, since the network doesn’t have to reward miners, there are no fees on the IOTA network. As of this writing, one MIOTA token is worth approximately $0.86.

Polkadot (DOT)

Currently standing in the wings of the top 10 largest crypto projects, Polkadot is building an ecosystem aimed at competing with Ethereum. By proposing a unique blockchain structure (based on parachains), Polkadot wishes to set up a network of specialised interconnected blockchains facilitating exchanges between them. In addition, Polkadot is currently working on the tools necessary for the transition to web3. As of this writing, DOT is trading at around $17.21.

Kusama (KSM)

Auction pioneer and self-described Polkadot’s “wild cousin”, Kusama is an experimental blockchain designed for developers. Indeed, Kusama’s main objective is to provide a cross-chain toolbox without speed constraints for code enthusiasts. Based on a code similar to that of Polkadot, Kusama wishes to offer features still unavailable on the latter. As of this writing, KSM is trading at $174.61. 

NEAR-Protocol (NEAR)

Near-Protocol is a project that wishes to provide a layer-1 blockchain , with ambitions of becoming a community-operated cloud platform. This solution aims to resolve the existing issues on traditional blockchains (speed, interoperability, transaction costs, etc.). In addition, NEAR wishes to provide an infrastructure conducive to the development of decentralised applications, focusing on user-friendliness. For example, the project uses “human” account names, rather than blockchain addresses commonly used by most protocols. As of this writing, NEAR is trading at around $11.

PancakeSwap (CAKE)

Zoom in on the Binance Smart Chain (BSC) ecosystem with PancakeSwap. The project is part of the campaign to democratise decentralised finance for BNB holders. Through an automated algorithm, platform users can trade token pairs, provide liquidity, and receive rewards. Launched in 2020, the platform has proved its legitimacy and accounts for $4 billion worth of tokens locked in its protocols. As of this writing, CAKE is worth approximately $7.30.

Solana (SOL)

The Solana project brings us back to the field of decentralised finance. By introducing the Proof-Of-History consensus combined with Proof-Of-Stake, Solana has become popular with traders and institutions alike for the ability to process a large number of transactions at a low cost. For these reasons and the ability to facilitate decentralised application creation, today Solana ranks 7th among top-10 largest cryptocurrencies by market cap. As of this writing, SOL is trading at round $98.

Terra (LUNA)

Here’s the second project we’ve told you about recently: a South Korean company Terra and its token LUNA. Generally speaking, Terra offers decentralised stablecoin solutions. The native token of the platform, LUNA, guarantees the stability of these coins. The algorithm manages the distribution of LUNA between different holders according to fluctuations in stablecoin demand. Many assets are already available, but the dollar-pegged UST token remains the project’s flagship product. As of this writing, LUNA is approximately $56.

Tezos (XTZ)

Tezos, a token from the “Ethereum Killer” category, is now in the game! This project aims to offer a smart-contract platform with a more advanced infrastructure than its rival. In addition, Tezos plans to allow modifications to its simpler protocol without hard forks, which is important, given that consensus modularity has become a big problem today for both Bitcoin and Ethereum. As of this writing, XTZ is trading at around $2.82.

Theta (THETA)

Theta wants to update the video streaming industry using the blockchain. Launched in March 2019, Theta’s mainnet functions as a decentralised tunnel where users can send bandwidth and computing power to each other. By collaborating with Steve Chen, co-founder of Youtube and Justin Kan, co-founder of Twitch, the project has the resources to develop an efficient solution. Who could make a blockchain streaming platform better than the two largest global streaming companies? At of this writing, THETA is trading at around $2.51.

THORChain (RUNE)

THORChain is a cross-chain liquidity network, where users retain ownership of their private keys throughout manipulations on the platform. An automatic algorithm regulates offers and requests on the platform, allowing everyone to trade tokens without being constrained by an order book. As of this writing, RUNE is approximately $3.75.

VeChain (VET)

Last but not least, let’s talk about VeChain! VeChain is a smart-contracts platform designed for the professional world. The project’s main goal is to use distributed governance technologies and IoT to organise all the data generated by modern principal industries. Their solutions can be applied to medicine, agriculture, food, energy, and more. With this solution, VeChain wishes to prepare for the 4th industrial revolution which will require a constant flow of data between users. As of this writing, one VET token is worth $0.05.

As usual, LiteBit never ceases to amaze! By increasing the number of projects available on its platform by almost 50%, the European exchange has once again proven its determination. Take a look at their site to discover their offer in detail. Who knows, you may soon find a similar article keeping you posted on Litebit’s recent developments. Hope you’ve learnt about a few new projects in these somewhat gloomy times on the crypto market. Stay tuned!

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James Taylor

Trends are temporary. The blockchain isn’t a trend; it’s the future. I want to help as many people as possible understand it in a simple, clear and interesting way.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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