New Spot Listing: MKR, LDO, CHZ

Dear BVOX users,

 

BVOX will list Maker (MKR), Lido DAO (LDO), Chiliz (CHZ) and open MKR/USDT, LDO/USDT, CHZ/USDT spot trading on November 1. Please note the following listing timeline:

• Deposit: Opens
• Trading: 10:00 on Nov 1, 2024 (UTC)
• Withdrawal: Opens

 

About Maker (MKR)

MKR is the utility token of the Maker platform, which functions as the backbone of the DAI stablecoin. As one of the first ERC-20 tokens to launch on the Ethereum network, DAI and Maker have a complex relationship governed through MKR tokens. MKR price is updated and available in real-time on Binance.

MKR offers a number of uses in the Maker ecosystem, including governance. MakerDAO was one of the first decentralized autonomous organizations (DAOs) to launch and use active proposal smart contracts that feature a high degree of transparency and provide participants with control over the Maker platform.

MKR plays an important role in decisions like risk management actions taken by Maker, the addition of new collateralized currencies, and other changes, such as modifications of risk parameters in the issuance of DAI.

Official Website: https://makerdao.com/

 

About Lido DAO (LDO)

Lido DAO is a liquid staking protocol built on the Ethereum network that enables ETH staked for ETH2

during the initial phase of the Merge to be staked in other protocols. This is a significant use case because,

since the proof-of-stake (PoS) Beacon Chain launched in December 2020, any ETH staked on Ethereum

had been locked and unavailable for use outside of its staked position. With the help of its network

cryptocurrency, LDO, Lido DAO enables staked Ethereum to be reflected as stETH, thereby allowing its

liquidity to be staked in other protocols. Post the Ethereum Merge of 2023, Lido continues to pool user

ETH into validator nodes, allowing anyone to participate in staking regardless of their individual ETH holdings.

LDO is used as a network governance token on the Lido platform. The LDO token is the key to Lido DAO's governance and its value is tied to the success of the platform. LDO holders can vote on proposals that affect how Lido DAO operates, such as fees, adding new staking assets, and choosing node operators. A portion of the fees Lido charges on staking rewards is used to buy back and burn LDO tokens. This can increase the value of LDO over time as supply decreases.

Official Website: https://stake.lido.fi/

 

About Chiliz (CHZ)

Chiliz (CHZ) is a blockchain token that drives the Socios blockchain-powered fan token and community. As an ERC-20 token, CHZ operates on the Ethereum-based Chiliz blockchain and enables users to participate in the Chiliz Socios fan app and NFT marketplace. CHZ price is updated live on Binance.

Chiliz is integral to the operation of Socios, which allows fans to purchase NFTs issued by their favorite celebrities, athletes, influencers, and entertainers. CHZ is the native token of the Socios app and the only currency accepted on the platform.

The core purpose of Socios is to offer users the opportunity to interact and engage with their favorite athletes and celebrities. For instance, buying NFTs on Socios allows holders to purchase tokenized share of influence in their favorite sports teams.

Official Website: https://www.chiliz.com/

 

 

In our commitment to providing a better trading experience and meeting diverse trading needs, BVOX will continue to introduce more high-quality trading pairs for your selection. Stay tuned for further updates!

 

Risk Warning: The cryptocurrency market carries a high level of risk. Please understand the risks and invest in products you are familiar with. Prior to investing, carefully consider your investment experience, financial situation, investment objectives, risk tolerance, and consult with independent investment professionals. The market value and returns of investment products can be highly volatile, and you may lose the invested amount. You are solely responsible for your investment decisions. BVOX is not responsible for any potential investment losses.

 

BVOX Team

2024-10-31