First exchange platform in Japan, bitFlyer expands its offering with the addition of 4 new major crypto-currencies. An update on the specifics of these newly listed tokens and bitFlyer’s offering.
bitFlyer adds new tokens to its offering
bitFlyer, the number one cryptocurrency exchange platform in Japan, has so far offered 7 tokens, to which 4 new crypto-currencies have now been added: Polkadot (DOT), Stellar (XLM), Tezos (XTZ), and the Basic Attention Token (BAT).
List of cryptocurrencies, other than Bitcoin (BTC), available on bitFlyer
Based in Japan since its inception in 2014, the bitFlyer platform now offers 11 cryptocurrencies to its users. Japanese regulations oblige, local exchanges wishing to list new tokens must first obtain validation from the authorities to ensure their safety.
Accessible in French, bitFlyer also offers a recurring and programmed investment tool (DCA). The principle is simple: schedule a regular purchase of crypto-currencies with a fixed amount. It is thus possible to repeatedly invest a sum to smooth out your entry points, starting at just €10.
Also featuring an Android and iOS app, bitFlyer is an ideal secure cryptocurrency buying platform to start acquiring your first
Focus on new tokens listed
The Polkadot (DOT)
DOT is the native cryptocurrency of the Polkadot protocol. This fast-growing platform allows the unification of different interconnected blockchains, so-called para-chains.
Holding DOT tokens allows you to participate in the governance of the protocol, perform staking and participate in parachain auctions to support your favourite projects and receive rewards.
The Stellar (XLM)
The XLM is a token developed by the Stellar Development Foundation, the organisation behind the Stellar blockchain. The XLM token plays a crucial role in the Stellar network, which is a global, affordable and easy-to-use payment system to facilitate access to financial services.
Holding this crypto-currency therefore serves to facilitate one’s asset trading and payments.
The Tezos (XTZ)
XTZ is the cryptocurrency of the Tezos blockchain. Considered a competitor to Ethereum, the Tezos protocol allows for the creation of decentralized applications and smart contracts.
Holding XTZ tokens gives you voting rights to secure and evolve the network.
Basic Attention Token (BAT)
The latest token recently added to bitFlyer is the Basic Attention Token (BAT), the crypto-currency linked to the Brave crypto-browser and created on the Ethereum network.
BAT allows advertising revenue to be split between advertisers, advertisers and browser users. Thus, by browsing the web from Brave and viewing ads, a user can be rewarded with tokens, which they can then resell on platforms like bitFlyer for other cryptocurrencies.
