5 Minutes to Learn About Coinbase Custody Additions: CTSI, AXS, BTU, FARM, 1INCH

On May 25, Coinbase Custody (Coinbase Custody) announced that it will add custody services for five cryptocurrencies, CTSI, AXS, BTU, FARM, and 1INCH.

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On May 25, Coinbase Custody (Coinbase Custody) announced that it will add custody services for five cryptocurrencies – CTSI, AXS, BTU, FARM, and 1INCH. This article takes you through a quick overview of the basics of these five programs.

CTSI
Keyword: Layer 2 off-chain computing platform

CTSI is a token issued by Cartesi Network, a blockchain Layer 2 computing platform based on Linux infrastructure and dedicated to providing support for the development and deployment of DApps. As a decentralized Layer 2 off-chain computing platform, the solution is that DApps users reach consensus off-chain and confirm the calculation results on-chain in the Linux environment. In case of fraudulent parties, Cartesi network participants arbitrate on-chain to identify and punish dishonest participants. Alternatively, DApps can temporarily store data on the PoS-type Cartesi sidechain. ctsi debuts in April 2020 with a total of 1 billion coins. Early fundraising of $800,000 through seed, private placement and strategic rounds.

Recommended Reading: Will the winning rate hit a record low? Cryptocurrency’s New IEO-Cartesi (CTSI) Analysis Report

AXS
Keyword:NFT Games

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Axie Infinity is a digital pet fighting adventure game in which players earn money to play and govern the game universe together. Developed on Ether, the game allows players to breed, battle and trade NFT fantasy creatures called Axies. Its governance token, AXS, is used for pledges, payments, governance, etc. It totals 270 million and debuts in November 2020. Axie Infinity’s investors include Delphi Digital, Animoca Brands, Hashed, Pangea Blockchain Fund, and ConsenSys Developers.

Recommended Reading: Conversation with AXIE Infinity COO: How to build a sky-high NFT?

BTU
Keywords: booking service provider

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The Booking Token Unit (BTU) protocol is an open source protocol for decentralized booking services that connects service providers to their customers, reduces middlemen and eliminates monopolies, and allows users to transact at fair and transparent prices without fees. BTU tokens can be used to guarantee bookings (using deposits as collateral) and receive referral rewards. Total volume of 100 million, first launch in February 2020.

FARM
Keywords: revenue aggregator

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Harvest Finance is a yield aggregator built on ETH, users can deposit DAI, USDC, USDT, etc. to get the corresponding fDAI, fUSDC, fUSDT, etc. interest-bearing tokens as deposit certificates, benchmarked against the YFI protocol. The advantage is that it reduces the cost of searching for high-yielding strategies and lowers the cost of gas fees for users. It had previously suffered from hackers using lightning loans to arbitrage $24 million due to a problem with the valuation of the strategy’s stablecoin value. And on December 7, the protocol went live with a claims website to distribute USDC, USDT and GRAIN tokens to damaged users to mitigate losses. Harvest FARM is the governing coin of Harvest, and FARM owners vote on proposals to fund FARM operations. FARM owners receive a 5% fee from Harvest operations. Total volume of 5 million, first issued in September 2020.

Recommended Reading: Harvest Finance Analysis Report

1INCH
Keywords: DEX Aggregator

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1inch is a transaction aggregation application that automatically matches users with the most optimal transaction paths and executes them with one click. 1inch exceeds $30 billion in total transaction volume according to the latest data. 1inch consists of the 1inch.exchange DEX aggregator and the 1inch liquidity protocol (formerly known as Mooniswap). 1INCH, as the 1inch protocol’s native ERC-20 token, a governance and functional token with a total volume of 1.5 billion, will be used to govern all protocols developed by 1inch (starting with 1inch.exchange and 1inch liquidity). In terms of financing, 1INCH has received two rounds of investment: a $2.8 million round of funding on August 11, 2020, led by Binance Labs and Galaxy Digital, and a $12 million Series A round on December 2, 2020, by way of SAFT, led by Pantera Capital led the round.

Recommended reading: 1inch coin offering, or governance model pushed to new heights

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/5-minutes-to-learn-about-coinbase-custody-additions-ctsi-axs-btu-farm-1inch/
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