ALGO and Two Other Crypto Assets Have Been Added to the eToro Trading Platform

The cryptocurrency broker stated in a blog post that eToro users can choose from the trading platform’s three new features to create an “eclectic mix” token to run a diversified portfolio.

Algorand (ALGO)

ALGO (ALGO/USD) is Algorand’s native token, which is currently mainly used to pay network fees. It is considered to be the heart of the Algorand ecosystem.

Recently, this smart proof-of-stake contract platform raised an impressive $100 million to fuel development, which is an impressive feat since it was launched four years ago. It is a new and rapidly growing DeFi network that aims to develop a borderless economy and is committed to the continuous improvement and development of the blockchain. The platform is home to a growing number of high profile projects, including a cross-border payment system supported by two former PayPal employees.

Polygon (MATIC)

It’s not surprising that MATIC (MATIC/USD) has hit the news recently. The main task of the new crypto is to achieve the expansion of the decentralized financial blockchain by reducing energy consumption, lowering the cost of gas and increasing the speed of transactions.

The well-known billionaire Mark Cuban expressed his appreciation for the platform’s applications in detail in his private blog. MATIC is actually trying to achieve the same goals of Ethereum (ETH/USD) through its Eth2 upgrade. In 2021, the value of Polygon’s native token, MATIC, rose 9,000% in value. No wonder Cubans called it “brilliant”.

Basic Attention Token (BAT)

According to eToro, the Basic Attention Token (BAT/USD) seeks to “resolve the general inefficiency and data breaches that plague the digital advertising industry”. Its purpose is to visit an untapped customer base. These users are not yet fully familiar with the crypto asset category and the general DeFi area.

BAT developers have two products. They use the first BAT to pay publishers for the content they post on the browser advertising platform. The super fast browser Brave is the second product. The facts have proven that this is a profitable concept. Currently, 1 million verified content creators are accepting token payments and 30 million people are actively using browsers each month.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.