The holidays are marching in early for PDAX Prime clients as more tokens become available on the PDAX mobile and web app, and OTC trading desk with six new tokens added to its roster of cryptocurrencies.
Account level 4 - Prime is PDAX’s highest account tier that allows users who upgrade to this level to get unlimited transactions, personalized assistance, and access to the OTC trading desk and the exclusive PDAX Prime group chat, allowing them to trade up to 74 cryptocurrencies including the latest tokens: Cosmos (ATOM), Celo (CELO), DYDYX (ERC-20), FTM (ERC-20), LDO (ERC-20), and QNT (ERC-20).
Here’s a quick guide on what each token has to offer:
Cosmos (ATOM) - ATOM is the token that powers the Cosmos Layer 1 blockchain, a decentralized protocol designed for interoperability among different blockchains to create “an Internet of blockchains”. ATOM is used to pay fees, secure the network through staking, and for governance.
Celo (CELO) – CELO is one of the two native tokens on the Celo blockchain created to provide accessible financial services, promote stability, and drive social impact. CELO focuses on accessibility by connecting mobile phones under a single decentralized framework. Celo holders can participate in governance decisions and earn rewards.
dYdX (DYDX - ERC-20) – From the decentralized exchange dYdX, the DYDX token allows users to access Layer-2 perpetual trading, governance, staking, and digital collectibles or NFTs (non-fungible tokens) for community building. Perpetual trading or perpetual contracts represent a derivative financial tool used in cryptocurrency markets and conventional financial markets.
Fantom (FTM - Fantom) – FTM is the native token of the Fantom network, a smart-contract platform that is creating solutions for scalability challenges, enabling developers to build decentralized apps and run smart contracts. FTM tokens give users the right to participate in staking, voting, making payments and covering transaction fees on Fantom.
Lido (LDO - ERC-20) – LDO is a liquid staking solution made for proof-of-stake (PoS) cryptocurrencies. It supports staking on the post-Ethereum Merge consensus layer (previously known as Ethereum 2.0) and other layer-1 PoS blockchains, including Polygon, Kusama, Solana, and Polkadot. Like other tokens, LDO grants voting rights to its holders. What sets it apart is that LDO’s voting mechanism is upgradable and adjustable while maintaining its independence from other protocols on the blockchain.
Quant (QNT - ERC-20) – QNT is a token used to pay for transaction fees and access different services on the Quant network, along with other benefits like participating in governance decisions and pay licensing fees. QNT operates through the Quant network, a blockchain-based project that aims to enable interoperability across different blockchain networks and traditional financial systems.
Want to access these tokens? Upgrade your PDAX account to Prime today.
Disclaimer: Philippine Digital Asset Exchange (PDAX) Inc. (“PDAX”) reaffirms the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.
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