Return to blog home

Blog home


SEP 15, 2021

Gemini Now Supports Moss Carbon and Terra, in Addition to New Metaverse, Infrastructure, and Stablecoin Tokens

link
Blog Header - #newtokens (2)

We are delighted to announce support for a new set of green, NFT/metaverse, infrastructure, stablecoin, and payments tokens.

Axie Infinity (AXS), Smooth Love Potion (SLP), Terra (LUNA), Moss Carbon Credit (MCO2), and TerraUSD (UST)* are now available for custody and trading on our API/FIX and ActiveTrader applications for USD trading pairs, and on our mobile application and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs.

Wrapped TON Crystal (WTON), Alchemy Pay (ACH), Illuvium (ILV), and USD Coin (USDC) remain available for custody.

With the addition of these new tokens, we now offer trading and custody for more than 50 cryptos, with an additional 18 cryptos available for custody. Learn more about all the cryptos we support, and more, here.

We are proud to be the first regulated exchange to support MCO2 and SLP for trading in the U.S. and the first to support AXS, SLP, LUNA, MCO2, and UST for trading in the UK!

The crypto industry continues to grow dynamically and our listing of MCO2 reinforces Gemini’s commitment, jump-started by our Gemini Green initiative, to raise the bar for environmental stewardship across the entire crypto industry. We are also excited to add new NFT/metaverse, infrastructure, stablecoin, and payments tokens as blockchain and crypto continue to expand on a global scale.

We look forward to supporting new crypto projects on our mission to empower you, the individual, through crypto.

Onward and Upward!

Team Gemini

Note: DeFi presents unique risks. The listing of a DeFi token on Gemini does not indicate that Gemini or any regulatory authority has endorsed the underlying project or protocol. While some of our customers may choose to participate in the DeFi ecosystem, Gemini makes no recommendation that they do so.

*We support the Ethereum (ERC-20) version of LUNA and UST. LUNA and UST purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of LUNA and UST using a bridge.

Updated: September 16, 2021

Learn more about these new tokens below:

Green Tokens

Blog Inline MCO2 MOSS Carbon Credit (MCO2)

MCO2 is an ERC-20 utility token compliant with the Ethereum network. MCO2 holders can burn (or retire) their tokens on the moss.earth platform and receive a certificate that proves they have offset one tonne of carbon emissions. One MCO2 token is equal to one carbon credit (one metric tonne of carbon not released into the atmosphere) from a Verified Carbon Standard (VCS)-certified environmental project. VCS is the world’s most widely used carbon offset program, which uses a rigorous certification framework to verify carbon offsets. The proceeds from MCO2 tokenization have helped protect over 17 million hectares of the Amazon rainforest from deforestation, as of mid-2021. MOSS has directly contributed to avoiding 2 million tons of greenhouse gases from entering the atmosphere, as of mid-2021. You can see the MCO2 price and more information by following the link.

Metaverse Tokens

Blog Inline AXS Axie Infinity (AXS)

AXS is an ERC-20 utility token compliant with the Ethereum network. Players can earn AXS when they play various games within the Axie Infinity Universe and rank high on leadership boards. Axie Infinity is a Pokémon-inspired universe built on Ethereum where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. Players build a land-based kingdom for their pets, or Axies, and can enter the game by purchasing Axies from other players on the Axie Infinity Marketplace. All in-game assets and Axie-related data can be accessed by 3rd parties, allowing community developers to build their tools and experiences in the Axie Infinity universe. You can see the AXS price and more information by following the link.

Blog Inline SLP Smooth Love Potion (SLP)

SLP is an ERC-20 utility token compliant with the Ethereum network and used on the Axie Infinity ecosystem. SLP can be earned as rewards by Axie Infinity players through battle or adventure mode. SLP can be used to breed new digital pets, known as Axies. Axie Infinity is a Pokémon-inspired universe built on Ethereum where anyone can earn tokens through skilled gameplay and contributions to the ecosystem. On Axie Infinity, players build a land-based kingdom for their pets, or Axies, and can enter the game by purchasing Axies from other players on the Axie Infinity Marketplace. All in-game assets and Axie-related data can be accessed by 3rd parties, allowing community developers to build their tools and experiences in the Axie Infinity universe. You can see the SLP price and more information by following the link.

Blog Inline ILV Illuvium (ILV)

ILV is an ERC-20 governance token compliant with the Ethereum network that is used to govern the Illuvium DAO. The token also sees revenue streams from in-game purchases on IlluviDEX, Illuvium’s decentralized marketplace. ILV is further used as a reward token for locking liquidity within partnering DeFi platforms to incentivize token liquidity. Illuvium is a decentralized Role Playing Game (“RPG”) powered by blockchain technology and non-fungible tokens (NFTs). Its open world allows for users to search for in-game items and creatures (Illuvials) in the form of NFTs that can be used for in-game activities like battling, collecting, and trading. You can see the ILV price and more information by following the link.

Infrastructure Tokens

Blog Inline LUNA Terra (LUNA)

LUNA is the native staking token of the Terra protocol. We support the Ethereum (ERC-20) version of LUNA, which is a multi-chain asset. LUNA purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of LUNA using a bridge. Terra is a blockchain protocol built on the Tendermint — Cosmos SDK that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged coins that are stabilized by LUNA. The Terra network aims to create a suite of stablecoins for decentralized finance (DeFi) and traditional finance (TraFi) platforms. Terra achieves price stability by algorithmically adjusting its supply according to fluctuations in demand for LUNA and its stablecoins (TerraUSD, TerraSDR, etc.). In Terra's consensus model, LUNA holders do not need to stake their tokens directly but can delegate them to a validator. This allows most LUNA holders who don't want to set up a validator node to participate in staking rewards. You can see the LUNA price and more information by following the link.

Blog Inline WTON Wrapped TON Crystal (WTON)

The TON Crystal (TON) token is the native asset for the Free TON blockchain, and WTON is the Ethereum-wrapped (ERC-20) version of TON. WTON holders can exchange their assets 1:1 with the native TON token via the ton bridge. TON can be used to pay fees to TON validators and by validators to stake and become eligible to generate blocks on the Free TON blockchain. TON also serves as a governance token to vote on proposals for the Free TON blockchain. Free TON is a smart-contract platform based on Telegram's now-defunct TON blockchain project. The network employs a scaling technique called sharding that partitions storage and processing activities between smaller groups of validators. This process results in higher throughput and lower transaction latency when compared to other blockchains. You can see the WTON price and more information by following the link.

Stablecoins

Blog Inline UST TerraUSD (UST)

TerraUSD (UST) is the decentralized and algorithmic stablecoin of the Terra blockchain. Its value is pegged 1:1 to the US dollar, making it an ideal medium of exchange on DeFi and TraFi platforms. We support the Ethereum (ERC-20) version of UST, which is a multi-chain asset. UST purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of UST using a bridge. Terra is a blockchain protocol built on the Tendermint — Cosmos SDK that supports stable programmable payments and open financial infrastructure development. It is supported by a basket of fiat-pegged coins that are stabilized by its native crypto-asset, LUNA. Gemini does not support or guarantee UST’s 1:1 peg to the US dollar. You can see the UST price and more information by following the link.

Blog Inline USDC USD Coin (USDC)

Launched in October 2018, USD Coin (USDC) is a fiat-collateralized stablecoin built by the Centre consortium, a partnership between Circle and Coinbase created to develop price-stable crypto assets and network protocols. It offers the advantages of transacting with blockchain-based assets while mitigating price risk. USDC is an ERC-20 utility token compliant with the Ethereum network that is pegged 1:1 to the US dollar. It serves as an onramp to DeFi and as a means of digital payment. USDC can be transacted over the Ethereum blockchain in the same manner as Ether or any other ERC-20 asset. If a user wishes to redeem USDC they can send tokens to an address controlled by Centre members who will destroy the tokens and transfer fiat currency to the user's bank account. USDC’s existence on public blockchains allows traders and exchanges to use USDC as an alternative to fiat currencies. Gemini does not support or guarantee USDC’s 1:1 peg to the US dollar. You can see the USDC price and more information by following the link.

Payments Tokens

Blog Inline ACH Alchemy Pay (ACH)

ACH is an ERC-20 utility token compliant with the Ethereum network and powers the Alchemy Pay platform. ACH is used to incentivize and reward network participants, and uses of the ACH token include pledging, staking, and fee discounts. Alchemy Pay is a hybrid crypto-fiat payment infrastructure powered by the ACH token. Alchemy provides merchants and customers with multiple options for settlement of both fiat and crypto. Alchemy Pay is building products to help reduce the friction of the legacy financial system through its hybrid crypto-fiat model. Primary product features include Smart POS for crypto, a Crypto Payment Gateway and an in-app Payment SDK (for merchants). You can see the ACH price and more information by following the link.

RELATED ARTICLES

ETHStaking-Blog-Header (1)

SEP 26, 2022

Ethereum (ETH) Staking Coming to Gemini on September 29

Blog Header – Spotlight (3)

SEP 20, 2022

Gemini Trust Company Welcomes Former NYDFS Regulators Maria Filipakis and Matthew Homer to Board of Managers

Vivienne Tam-Blog-Header

SEP 16, 2022

Gemini and Vivienne Tam Partner to Inspire Crypto Awareness Through Fashion at NYFW 2022