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LUNA, THETA, MATIC and GRT are now available on Bitpanda!


By Bitpanda

We are listing some new coins for you: You can now trade Terra (LUNA), Theta (THETA), Polygon (MATIC) and The Graph (GRT) on Bitpanda! In this article, we introduce our latest additions on Bitpanda, read on to find out more about these tokens.

About Terra (LUNA)

Terra (LUNA) has set out to revolutionise global payment systems. Its stablecoins are pegged to fiat currencies such as the US dollar, the South Korean won and the Mongolain tugrik in order to provide affordable and fast settlements to users mainly in the Asia-Pacific region, with further regions in the pipeline. The native token of Terra, LUNA, stabilises the prices of the stablecoins behind the protocol. LUNA holders are able to cast their vote on the network’s governance proposals. Read the Terra Whitepaper and more on their official website and buy LUNA on Bitpanda now.

About Theta (THETA)

Founded as a decentralised and open-source peer-to-peer (P2P) network to move the video streaming industry to blockchain, the Theta network optimises user experience. Theta also provides fair earnings structures for content creators in the network, while intermediary video platforms benefit by saving money on high-end infrastructure. Distributed for the first time in 2018, Theta tokens were initially ERC20 tokens that were then transferred to the native Theta blockchain in 2019 after the implementation of the mainnet. The network operates on a native blockchain based on a proof of stake algorithm and has two native tokens: the cryptocurrency token, THETA, for governance and Theta Fuel (TFUEL), to power the network. Find more information on their official website and buy THETA on Bitpanda now.

About Polygon (MATIC)

Launched in 2017 as Matic Network, the team members behind Polygon were major contributors to the Ethereum network.

In their current state, the Ethereum network and decentralised applications (dApps), may not be fully prepared to scale at the pace that demand dictates. Therefore, Polygon offers a solution for dApps which focuses on increased scalability and accessibility, combined with a more friendlier interface for both users and developers.

The network aims to achieve this by running sidechains linked to the Ethereum Mainnet. Data is collected from a sidechain in Proof-of-Stake “groups” or “checkpoints”, which is then sent to Ethereum’s main blockchain, the Ethereum Mainnet. With this technology, the potential transaction speed can reach up to 216 transactions per block and MATIC sidechain. MATIC tokens power the system and are also used for staking in the network’s proof-of-stake consensus algorithm.

Recently, Polygon and Quadrant, one of the leaders in mobile data, intelligence and location services, have announced a partnership which includes launching the Geolancer platform. Through Geolancer, users can get compensation for providing Point-of-Interest (POI) data, such as shopping centres, stores and restaurants. Read more about Polygon here.

About the The Graph protocol (GRT)

The Graph is an indexing protocol for querying networks like Ethereum, aiming at making blockchain data more accessible and for facilitating the building of decentralised Applications (dApps). Using a consensus algorithm based on the proof-of-stake concept, The Graph Network, which is a marketplace for service providers, ensures that dApps and data are open and accessible at all times.

There are 3 types of service providers in the Graph network: Indexers, Curators and Delegators. Indexers are the technically skilled operators of network nodes and are essentially responsible for choosing the final subgraph (open API) to index for a specific query. Indexers need to stake GRT tokens to become node operators.

As for current developments, not only did The Graph launch its mainnet a while ago, but Avalanche (AVAX) has recently incorporated the protocol as well. Read more about GRT here.

Our new coins are definitely players in the crypto space to watch out for, so make sure to buy them on Bitpanda.

Buy LUNA, THETA, GRT and MATIC on Bitpanda!