ArenaCFx ready to list 3 new cryptocurrencies | ArenaCFx

new coins listing

ArenaCFx is glad to announce another promising projects coming to our crypto automated market making platform. We will enable deposits, withdrawals and trading for the below listed cryptocurrencies in the coming week.

Avalanche (AVAX)

Cosmos (ATOM)

Baby Doge (BABYDOGE — BSC Network).

To promote the success of the new listing, ArenaCFx is giving away $1,500 worth of AVAX, $1,500 worth of ATOM and $2,000 worth of BABYDOGE tokens to 200 customers (both old and new customers included). *contact support for eligibility status.

avalanvche avax

Avalanche (AVAX) is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

This is made possible by Avalanche’s unique architecture. The Avalanche network consists of three individual blockchains: the X-Chain, C-Chain and P-Chain. Each chain has a distinct purpose, which is radically different from the approach Bitcoin and Ethereum use, namely having all nodes validate all transactions. Avalanche blockchains even use different consensus mechanisms based on their use cases.

After its mainnet launch in 2020, Avalanche has worked on developing its own ecosystem of DApps and DeFi. Different Ethereum-based projects such as SushiSwap and TrueUSD have integrated with Avalanche. Furthermore, the platform is constantly working on improving interoperability between its own ecosystem and Ethereum, like through the development of bridges.

Cosmos ATOM

Cosmos (ATOM) bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

BabyDoge BABYDOGE

Baby Doge Coin (BABYDOGE) has learned a few tricks and lessons from his meme father, Doge Coin. A new crypto birthed by fans of the Doge Meme online community. Baby Doge seeks to impress his father by showing his new improved transaction speeds & adorableness. He is Hyper-deflationary with static reflection that rewards holders, so more baby doge coins are being automatically added to your wallet each transaction. Simply Love, pet, and hold as 5% from each transaction is automatically redistributed to baby doge holders. Baby Doge was created as a joke with a mission to help spread awareness of animal adoption.

Baby Doge Protocol is cute but with a lot of BITE! $BabyDoge is a deflationary token designed to become more scarce over time.

Baby Doge was launched in June 2021 and has an ambitious roadmap that includes further efforts for pet charity, NFT creation, GameFi and more.

Congratulations to the teams and welcome to the automated market maker platform of Arenacfx.com.

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