More

    Decentralized Exchange TokenJar Adds 400 Ethereum ERC-20 Tokens Support

    TokenJar Lists Additional 400 ERC-20 Tokens

    As days go by, additional altcoins are launched into the crypto space, a significant pointer that the global economy is shifting towards decentralized platforms. Besides the widely-known cryptocurrencies such as Bitcoin and Ethereum, there are several thousand that are still unknown to enthusiasts. Among these minnows are Experty (EXY), a cryptocurrency based on Ethereum's ERC20 protocol, and TokenJar, a digital asset trading platform that currently lists of 400 ERC20 tokens on its portfolio. Despite having a relatively low profile now, these two are gaining at a fast rate, and are likely to rise to fame within a short while.

    TokenJar intends to take over the crypt trading space by using an aggressive approach. The platform operates on the 0x protocol and regularly updates its digital asset listing. Most recently, the exchange added little-known altcoins such as Ankorus Global (ANK) and 0chain (ZCN), as well as established altcoins such as Zilliqa (ZIL).

    Moreover, TokenJar is presently working towards the inclusion of promising altcoins, including Gambling Porn Network (GPN) and Thug Life token (THUG). Furthermore, it is easy to list a token on the TokenJar exchange, as the only prerequisite is the token’s ERC20 compliant smart contract.

    Why Are ERC-20 Token's Turning to TokenJar?

    Although TokenJar is still an underdog when compared to established cryptocurrency exchanges, its contribution to the digital asset trading sphere cannot be overlooked. This is because such platforms providers a cheaper and more accessible alternative to join the crypto space as compared to ‘big names' such as Binance and Huobi.

    To put this into perspective, Huobi and Binance are an established large-scale business within a secure premise, while TokenJar is the small-scale enterprise. Typically, the larger store has safer goods, but the smaller business offers lower prices. Therefore, TokenJar has significantly fewer restrictions as compared to the household names

    While the TokenJar platform is open to listings from any interested party, such additions must satisfy particular criteria before being officially added to the portfolio. The requirements are;

    • The project must display substantial promise
    • The number of token holders must meet a certain threshold
    • The project must have backing from a stable community

    Due to the requirements mentioned above, at least 67% of applications for custom tokens usually turned down by TokenJar. Similarly, other decentralized platforms have imposed restrictions to control the addition of altcoins.

    Notwithstanding the popularity of digital currencies, many investors still have reservations about trading in the crypto space. Usually, more massive exchanges invest in top-notch solutions to prevent the possibility of fraud. In 2017, Coinbase made a mess by adding Bitcoin Cash onto its crypto asset listing, and the platform is not expected to add another crypto until after six months. Contrariwise, decentralized exchanges (DEX) permit the addition of any digital currency.

    The exorbitant listing fees (over $1 million) charged by first-rate exchange platforms are the reason that small projects abscond from such platforms. On the other hand, DEX’s such as TokenJar provided the same services as Coinbase, Binance and Huobi, albeit at affordable fees. For this reason, they are the preferred option for nascent blockchain-based projects.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,292FansLike
    2,768FollowersFollow
    4,136FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Ethereum (ETH) Price Analysis (February 26)

    • Price now falling towards the support level. • Sellers working hard to invalidate the bullish pattern. ETH/USD Medium-term Trend: Bullish • Resistance levels : $260, $270,...

    Chainlink To Launch Its First Oracles Outside Ethereum on Polkadot Blockchain

    Chainlink’s oracles have become a popular solution for Ethereum based DeFi’s as blockchain innovators seek to integrate their smart contracts with external data for...

    New Zealand Aims To Abolish Cryptocurrency Sales Tax While Income Tax Would Remain

    Quick Read: The New Zealand Inland Revenue Department is calling for a revision of current Goods and Services Tax laws that are unfavorable to...

    Is A Fed-Controlled Digital Dollar A ‘Win' For the Public; Will it Pave Way For Faster Payments?

    A digital dollar means Fed will be “free to impose negative nominal interest rates on all dollar-holders,” and privacy concerns - Lawrence H....

    Revolut Crypto Investing App Valuated at $5.5 Billion After New $500M Funding Round

    The UK-based digital bank Revolut is now valued at $5.5 billion, after raising $500 million in its latest series D funding round. Raising a...

    Bitcoin Becoming A “Currency of Choice” Will Push BTC Price Up 2,500% – Tim Draper

    Bitcoin correction may end up being more than that but we're in for an interesting ride Tim Draper still holding to his prediction...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.