We’ve just added 10 new cryptos to Passfolio Financial bringing the total number of cryptocurrencies you can trade in Passfolio to 44! Trading and deposit is now available for Alchemix ($ALCX), Ankr Network ($ANKR), BarnBridge ($BOND), Fantom ($FTM), Injective Protocol ($INJ), Livepeer ($LPT), Mirror Protocol ($MIR), Polygon (MATIC), Somnium Space ($CUBE), and SushiSwap ($SUSHI).
ALCX token is an ERC-20 token used to govern and incentivize liquidity for the Alchemix protocol. Alchemix is an innovative, hybrid DeFi application that allows for the creation of yield-backed synthetic assets.
Ankr Network ($ANKR)
ANKR is an ERC-20 token that powers the Ankr Network. Its use cases include being a mode of payment for services on the Ankr platform, such as node deployment and API services, participation in on-chain governance, and serving as insurance for network participants.
BOND is an ERC-20 utility and governance token native to the BarnBridge network. BarnBridge is a tokenized risk protocol that allows users to hedge against yield sensitivity and price volatility.
FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees. The Fantom network is a smart-contract platform that allows developers to write, compile, and deploy smart contracts the same way they can on Ethereum.
Injective Protocol ($INJ)
INJ is an ERC-20 utility token that has a variety of use cases on the Injective Protocol, which includes providing market making incentives, governance, and block validator rewards. Injective Protocol is a decentralized exchange (DEX) for perpetual swaps, futures, margin, and spot trading.
LPT is an ERC-20 token and serves as the protocol token on the Livepeer network. Participants who want to perform validation work on the Livepeer network must stake LPT. Livepeer is a decentralized video streaming network built on the Ethereum blockchain and aims to decentralize live video broadcasts over the internet.
Mirror Protocol ($MIR)
MIR is a utility and governance token that powers the Mirror Protocol. Holders of MIR can also engage in yield farming on other DeFi platforms by staking MIR tokens. In the future, users will be able to use MIR tokens as collateral to mint mAssets and a variety of derivative products.
MATIC is an ERC-20 token native to the Polygon Network that serves multiple purposes, including paying for transaction fees, staking, and governance. Polygon (formerly known as the Matic Network) is a Layer-2 solution on the Ethereum network. It provides scalable, secure, and instant transactions using sidechains.
Somnium Space ($CUBE)
CUBE is an ERC-20 token native to the Somnium Space game ecosystem. CUBE can be used to purchase virtual assets, pay for goods and services in the metaverse (i.e., rent land, pay for games and events), as well as reward players with good “Karma.”
SUSHI is an ERC-20 governance token associated with the SushiSwap decentralized finance (DeFi) platform. The SushiSwap platform is a decentralized exchange (DEX) built on Ethereum that uses an automated market-maker (AMM) rather than a traditional order-book to facilitate trades.
The Passfolio Team
* Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure. Currency and cryptocurrency exchange services provided by Passfolio Financial LLC, a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker dealer. Cryptocurrencies are not protected by either FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org. Passfolio Securities LLC, Passfolio Financial LLC and Panchain, Inc. are separate but affiliated companies. To purchase securities using cryptocurrencies, you must first convert it into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.