MAR 22, 2021
Gemini Supports New DeFi, Gaming, NFT, and Infrastructure Tokens
We are thrilled to announce support for new DeFi, gaming, NFT, and infrastructure tokens. Trading and custody are now available for: Bancor (BNT), 1inch (1INCH), Loopring (LRC), The Sandbox (SAND), Skale (SKL), The Graph (GRT), and Enjin (ENJ).
Trading is available for all seven tokens on our API/FIX and our ActiveTrader™ platforms for USD trading pairs, and on our mobile application and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD trading pairs.
With these new additions, we now offer trading and custody support for a total of 33 cryptos, with a further 10 cryptos available for custody on our platform. Learn more about all the cryptos we support here.
We are proud to be the first regulated platform to offer trading and custody support in the State of New York for SAND and 1INCH.
Our industry is constantly evolving with new projects that promise to redefine the boundaries of finance, gaming, and art, and offer more financial independence. As the Decentralized Finance (DeFi) revolution has come into bloom, over the past weeks we have seen an explosion of interest around digital art and NFTs (non-fungible tokens), and we are excited to continue supporting the development of the space. As we advance our effort to empower the individual through crypto, support for these new tokens allows us to continue building a decentralized community of empowered investors.
We look forward to providing further access to new crypto projects as our industry grows to new heights, and as we continue to build the infrastructure to support the future of finance.
Onward and Upward,
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.
Updated: April 19, 2021
Learn more about these new tokens below:
BNT is an ERC-20 payment token that serves as the mechanism through which liquidity pools connect in the Bancor network. Bancor is an on-chain liquidity protocol that enables automated, decentralized exchange on Ethereum and across blockchains. It allows users to add liquidity to its automated market makers (AMM) pools in exchange for trading fees, staking rewards, and voting rights in the Bancor DAO. You can see the price of BNT and more information by following the link.
The 1INCH token is an ERC-20 governance and utility token, associated with the 1inch platform. 1inch is an automated market maker (AMM) and decentralized exchange (DEX) aggregator that connects several DEXes into one platform allowing users to find the most efficient swapping routes across all platforms. As a 1INCH holder, you can stake your assets on the protocol and collect governance rewards. You can see the price of 1INCH and more information by following the link.
The LRC token allows holders to develop on the Loopring platform. Loopring is an open protocol for building high-performance, order book decentralized exchanges on Ethereum. The platform’s goal is to enable the building of highly scalable exchanges without compromising Ethereum-level security guarantees through a zkRollup construction. You can see the price of LRC and more information by following the link.
ENJ is an ERC-20 utility token built by the Singapore-based technology company Enjin, which provides services for building gaming communities and services for blockchain game developers. Developers can use the ENJ to mint digital assets. All Enjin-coin minted assets can be "melted" or exchanged for an Enjin coin at any point in time. Enjin operates a virtual goods marketplaces for in-gaming items and offers a suite of tools that supports digital assets in the form of ERC1155 tokens. You can see the price of ENJ and more information by following the link.
The Sandbox (SAND)
SAND is the utility token of The Sandbox virtual world where players can build, own, and monetize their gaming experiences using non-fungible tokens(NFTs). Players can create digital assets in the form of NFTs, upload them to the marketplace, and integrate into games with The Sandbox Game Maker. The Sandbox virtual world is made up of LAND – digital pieces of real estate – in The Sandbox metaverse that players can buy, and on which they can build virtual experiences. You can see the price of SAND and more information by following the link.
Built on the Ethereum blockchain following the ERC-777 standard, SKL is a utility token used to support application deployment on the SKALE network. Skale Network is a layer-2 blockchain solution that allows developers to build decentralized applications (dApps) in a secure, reliable, and cost-effective manner. Developers pay for SKALE Chains with SKL tokens to run dApps. SKL tokens can also be used for delegating and staking to secure the network. Stakers and delegators earn rewards in exchange for locking-in their assets. You can see the price of SKL and more information by following the link.
The Graph (GRT)
Built on the Ethereum blockchain following the ERC-20 standard, the GRT token is a work token used to pay for data queries and incentivize node operators on The Graph Network. Customers of The Graph Network spend GRT tokens to query various datasets. The Graph is a data query marketplace built on the Ethereum blockchain that powers many of the most used dApps in the DeFi and broader Web3 ecosystem, including Uniswap, Synthetix, and CoinGecko. You can see the price of GRT and more information by following the link.
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