CoinList users are always asking for trading and wallet support for more high-quality assets. Today, we are proud to announce the next assets available for trading on CoinList.co and the CoinList mobile app are: Numeraire (NMR), Chainlink (LINK), and Tether (USDT).
Numerai has created one of the most novel approaches to running a hedge fund, namely by powering it with a prediction market, Erasure, powered by their token, NMR. With Erasure, data scientists and information merchants exchange information in a trustless marketplace that is kept honest with staking and transaction mechanisms denominated in NMR. Soon, Numerai Signals will be introduced, allowing data scientists to stake NMR on their stock predictions, earn NMR if their models are correct, and lose NMR for erroneous predictions and bad data.
Chainlink has quickly become one of the most used products in all of crypto, notably powering a significant number of DeFi applications. Chainlink is an oracle network that provides smart contracts with a decentralized infrastructure to securely access data feeds, APIs, and other external information that is relevant for a given application. Today, Chainlink is used by DeFi applications like Synthetix, Ampleforth, Aave, and more. From a macro perspective, Chainlink serves as a catalyst for new and exciting integrations of blockchain technology into areas dominated by more traditional solutions.
Tether was specifically designed to build the necessary bridge between fiat currencies and cryptocurrencies and offer stability, transparency and minimal transaction charges to users. USDT has grown into the most longstanding and widely used stablecoin in circulation, used in almost 10 times as many transactions as its closest competitor.
As the Erasure prediction market matures with Numeraire, DeFi applications increasingly relying on Chainlink Oracles, and Tether continuing to grow across multiple chains, CoinList users now have a compliant and robust trading solution to participate in these networks.
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