The LiteBit platform has announced the addition of 3 new cryptocurrencies from the Polkadot (DOT) ecosystem. Here we take a closer look at LiteBit’s welcome offer and the specifics of the new tokens just listed.
New tokens added to LiteBit’s offer
Among the sixty or so crypto-currencies LiteBit used to offer, the platform now offers 3 newcomers from the Polkadot (DOT) blockchain ecosystem. Thus, it is now possible to buy Glimmer (GLMR), Moonriver (MOVR), and Acala (ACA) on LiteBit.
When moon? Today, TWICE! We have just listed @MoonbeamNetwork and @MoonriverNW on LiteBit. But that’s not all: we have also added @AcalaNetwork Happy trading! $GLMR $MOVR $ACA https://t.co/301PaRFHXA pic.twitter.com/8xkjI9ZQNB
– LiteBit.eu (@litebiteu) February 7, 2022
LiteBit is a Dutch crypto-asset broker registered with the Autorité des marchés financiers (AMF) as a Digital Asset Service Provider (DAP). In addition to the security already offered by the platform, the PSAN status offers a new guarantee that helps to reassure the most reluctant.
The LiteBit platform allows the buying and selling of various cryptocurrencies, but also exchanges with other wallets.
For people living in France, LiteBit also offers 20 euros in LiteBit Credits (LBC) to new users when they validate their account. A perfect welcome gift to take your first steps into the world of cryptocurrencies.
Focus on tokens added by LiteBit
What are these new tokens listed on LiteBit for? Here is a summary for each cryptocurrency.
Acala (ACA)
The Acala (ACA) token is the token of the eponymous platform. This parachain of Polkadot (DOT) is attracting the public by integrating decentralized finance tools already present on the Ethereum Blockchain into the Polkadot blockchain.
Its presence on the Polkadot blockchain is also accompanied by its compatibility with the Ethereum blockchain, and others in the future. This attraction justifies the presence of this new token on LiteBit.
Glimmer (GLMR)
The Glimmer (GLMR) is the token of the Moonbeam protocol. This smart contract platform, which is also compatible with the Ethereum blockchain, provides a bridge for applications wishing to develop on the Polkadot network, without having to rework their existing code.
The GLMR token secures the network through staking, pays transaction fees, and grants governance rights to its holders.
Moonriver (MOVR)
Moonriver (MOVR), the sister platform of Moonbeam, is a Kusama parachain (KSM), an experimental blockchain considered as a “preparatory network” before entering the Polkadot network.
Its token therefore pays the transaction and execution fees for smart contracts, and also grants governance rights over the future of the protocol.
