eToro selection expands to include trade of MATIC, ALGO, and BAT

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Jun 24, 2021
  • MATIC aims to enable scaling of the decentralized finance blockchain
  • ALGO raised an impressive $100M to help drive development
  • BAT is used to pay publishers for the content they post on speedy browser Brave’s ad platform

eToro users can choose from three new additions to the exchange platform, resulting in an “eclectic mix” of coins to execute a diversified portfolio, the cryptocurrency broker said in a blog post.  

Polygon (MATIC)

MATIC (MATIC/USD) has been in the news recently and it’s no surprise. The new crypto’s main mission is to enable scaling of the decentralized finance blockchain by means of lower energy use, lower gas costs, and higher transaction speeds.

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Notable billionaire investor Mark Cuban has written about his appreciation for the platform’s apps at length in his private blog. MATIC is actually trying to achieve the same thing Ethereum (ETH/USD) is via its Eth2 upgrade. In 2021, the value of Polygon’s native token MATIC has increased by 9,000%. It’s no wonder that Cuban describes it as “brilliant”.  

Algorand (ALGO) 

ALGO (ALGO/USD), Algorand’s native token, is primarily used to cover network fees at the moment. It’s considered the core of the Algorand ecosystem. 

Recently, this smart proof-of-stake contract platform raised an impressive $100 million to help drive development, an impressive accomplishment since it was just introduced four years ago. It is a new, quickly growing DeFi network with the aim to develop the borderless economy and work on consistent blockchain improvement and evolution. The platform hosts an increasing number of high-profile projects, including a transborder payment system that two former employees of PayPal are behind.  

Basic Attention Token (BAT)

The Basic Attention Token (BAT/USD) attempts to solve “the endemic inefficiencies and privacy violations hobbling the digital ad industry,” according to eToro. Its purpose is to access an untapped client base. These are users who still aren’t fully familiar with the crypto asset class and the DeFi space in general.

BAT developers have two products. They use the first, BAT, to pay publishers for the content they post on their browser’s ad platform. The superfast browser Brave is the second product. This has turned out to be a lucrative concept. At present, 1 million verified content creators accept payments in the token and 30 million people use the browser actively every month.

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