Gemini crypto exchange, founded by the Winklevoss twins; Cameron and Tyler just announced the listing of the following tokens: Chainlink (LINK), Dai (DAI), and Orchid (OXT). Based in New York City, Gemini ranks #63 by trading volume.
According to the release, Gemini crypto exchange users can begin depositing LINK, Dai and Orchid token (OXT) on “Friday, April 24th at 9:30 am Eastern Standard Time (EST).” However, trading will be available at a later date.
How many tokens available on Gemini crypto exchange for trading?
Currently, users can transact six (6) other cryptocurrencies on the crypto trading platform. The are: BTC, ETH, BCH, LTC, ZEC, BAT. The addition of the three new tokens bring the total to nine (9).
Additionally, custody support on Gemini crypto exchange is available for fifteen tokens, namely: ZRX, BRD, MANA, ENJ, FXC, GUSD, GNT, KNC, LOOM, MKR, NMR, OMG, STORJ, FIL, and CSP.
What is Chainlink (LINK)?
Chainlink website describes the project as a:
“decentralized oracle network provides the same security guarantees as smart contracts themselves. By allowing multiple Chainlinks to evaluate the same data before it becomes a trigger, we eliminate any one point of failure and maintain the overall value of a smart contract that is highly secure, reliable, and trustworthy.”
Dai (DAI) – an overview
“a decentralized cryptocurrency stabilized against the value of the US dollar. Created via the Makers (MKR) Dai Stablecoin System, it uses margin trading to respond to changing market conditions and preserve its value against the major world currencies. Unlike other popular stablecoins whose value is backed directly by USD, it’s backed by crypto collaterals that can be viewed publicly on the Ethereum blockchain.”
What is Orchid and token (OXT)
Orchid on the other hand, is a Virtual Private Network (VPN) powered by cryptocurrency. The video below describes Orchid and token OXT in more details.
At the time of writing and on the Gemini crypto exchange listing news, LINK is trading at $3.314; an 11.36% price surge against the dollar. Orchid’s (OXT) gained 11.36% at $0.152302 and Dai trading down -0.49% at $1.020. These numbers are based on 24-hour trading.
Faith Obafemim tech lawyer, digital content consultant, blockchain & crypto researcher, emerging tech tech writer. She is currently doing research on the implementation of the African Continental Free Trade Agreement (AfCFTA) on the blockchain and recommending Kleros as a dispute resolution layer.