News • 5 min read
It’s #CryptoWednesday on Bitpanda - again - and we are pleased to announce our new smart contract platform tokens available for you to add to your portfolio: we just listed Syscoin (SYS), Zilliqa (ZIL) and Cartesi (CTSI). Get ready to fuel up your trading and make sure to visit our Bitpanda global social media accounts to let us know your favourite this week - read on and find out how you could win the equivalent value of EUR 500 in the newcomer asset of your choice.
The trees are in full bloom and so are our list of assets, which keep growing with every #CryptoWednesday. In case you haven’t added the most talked-about Web3 crypto-assets or popular payment tokens or missed our new NFT and metaverse coins, cryptography tokens and multichain coins, make sure to check them out - then take a look at our most recent addition - smart contract platform tokens.
Do you ever think of your crypto portfolio when you are buying a can of soda at a vending machine? Probably not - but did you know that the automated process behind getting your favourite drink on the go inspired the invention of smart contract technology? As the adoption of blockchain technology is booming, new and exciting projects in the space are propelling decentralised finance to new dimensions.
Can’t have the best of both worlds? Syscoin thinks you can. The project is working on creating a protocol that transforms the blockchain experience by combining the best features of both Bitcoin and Ethereum. Syscoin is a decentralised and open source project that has set out to transform the Proof of Work (PoW) consensus algorithm used in the Bitcoin network as a foundation for scaling. The project utilises a combination of Bitcoin merged-mining and the scalable NEVM smart contract solution of Ethereum while second-layer ZK roll ups enable speedy token transfers. Syscoin’s use cases include simple value transfers, affordable smart contracts and secure decentralised settlement. SYS is the Syscoin network’s native token which can be mined during the network’s Bitcoin merged-mining process and you can invest in SYS on Bitpanda.
Initially based entirely on the Ethereum blockchain, Zilliqa has since developed into its own decentralised platform. The project has set out to solve the problem of scalability that blockchains sometimes encounter by using sharding. Sharding means that a very large database is partitioned into smaller, faster, and easier-to-manage fragments or splitters that are called (data) shards which distribute the workload throughout a network. Thanks to sharding, the consensus process and processing times are sped up, increasing throughput and decreasing transaction costs. ZIL is the network’s native token that is needed for transactions, executing smart contracts and rewarding miners and you can buy ZIL on Bitpanda.
The Cartesi project runs on top chains such as Ethereum, Matic (Polygon) and others. It is also the first blockchain operating system (OS), offering layer-2 infrastructure, integrating Linux and standard programming environments for coding scalable smart contracts. The project features high scalability, security and low transaction costs and its network’s utility token, CTSI, is used for payments of fees, for rewards for stakers and more and you can now trade CTSI on Bitpanda.
Ready for more new projects? Stay tuned for even more exciting new joiners to our platform as we are regularly listing new tokens you have been requesting, provided that they comply with Bitpanda’s standards and meet our legal requirements. We announced our new listing on the Bitpanda Blog and our social media channels, so keep an eye out for them every #CryptoWednesday! If you even have your own crypto project that would like to see listed on Bitpanda, make sure you apply here. And now, find out how you could be among this week’s winners:
Which coin makes your heart beat faster? Tell us and tag a friend in your comment on Bitpanda’s official social media between Wednesday, April 20, 2022, 12:00 (CET) and Tuesday, April 26, 2022, 23:59 (CET).
Then, simply let us know which one you pick in the comments on Bitpanda’s global social media channels: on Instagram, tag a friend and tell us which coin you’d send them and you’ll both get the chance to win the equivalent value of EUR 500 in that coin. On Twitter, quote our tweet and tell us your favourite addition;
Bitpanda will select 3 winners per social channel (Instagram and Twitter);
If you are selected as a winner, both you (and the friend you tagged if you participated on Instagram) will receive the equivalent value of EUR 500 in that coin credited to your Bitpanda wallets within 3 weeks of the end of the campaign;
Check out the terms and conditions of our campaign here.
Simply open your Bitpanda account via Bitpanda’s web app or on our app for iOS and Android, verify and get started. Check out the price developments of your favourite cryptocurrencies, stocks*, ETFs* and precious metals on our app for iOS and Android or on our web app. Check out the Bitpanda Academy and don’t forget to subscribe to the official Bitpanda YouTube channel for our weekly recaps and video content.
This article does not constitute investment advice, nor is it an offer or invitation to purchase any digital assets.
This article is for general purposes of information only and no representation or warranty, either expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of this article or opinions contained herein. *Bitpanda Stocks are contracts replicating an underlying stock or ETF. More information and the PRIIPs key information document (KID) are available at bitpanda.com.
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