On April 8, Coinbase Pro announced on its blog that 1inch (1INCH), Enjin Coin (ENJ), NKN (NKN), OGN (OGN) will be listed. Except for New York State that does not support 1INCH and ENJ, all Coinbase-supported jurisdictions will provide support for these four tokens. If liquidity conditions are met, trading is expected to start on or after 00:00 on April 10th, Beijing time. The project will be launched soon, Mars Finance will take you a quick overview of 1INCH, ENJ, NKN, OGN.
- 1INCH
Keywords: DEX aggregator
1inch is a transaction aggregation application that can automatically match the optimized transaction path for users and execute it with one click. According to the latest data, 1inch's total transaction volume has exceeded 30 billion U.S. dollars. 1inch consists of the 1inch.exchange DEX aggregator and the 1inch liquidity protocol (previously called Mooniswap). As the native ERC-20 token of the 1inch protocol, 1INCH is a governance and functional token with a total amount of 1.5 billion. It will be used to govern all protocols developed by 1inch (starting from 1inch.exchange and 1inch liquidity).
In terms of financing, 1INCH has received two rounds of investment, namely: $2.8 million in financing was completed on August 11, 2020, led by Binance Labs and Galaxy Digital; December 2, 2020 through SAFT Completed US$12 million in Series A financing, led by Pantera Capital.
- ENJ
Keywords: NFT industry leader
Enjin is the largest online game community creation platform. Founded in 2009, there are hundreds of thousands of communities on its platform and more than 20 million users on the original platform. Enjin is a leader in the NFT industry. It brought the first batch of NFTs to life in 2017 and created the advanced ERC-1155 NFT standard, which is currently adopted by major companies such as Microsoft, Nike and OpenSea. Its "Enjin Coin" allows players, content creators and game publishers to add virtual goods and provide value to games and communities, totaling 1 billion.
In terms of financing, on April 1, Enjin announced a financing of $18.9 million and plans to launch the first NFT dedicated blockchain on Polkadot. The financing was led by Crypto.com Capital, DFG Group and Hash, and was supported by Hypersphere, BlockTower, Blockchain.com Ventures, Fenbushi, Iconium, HashKey, Arrington XRP Capital, DeFi Alliance, and many other leading companies, celebrities and individuals .
- NKN
Keywords: decentralized network transmission infrastructure
NKN (New Kind of Network) is a new type of network infrastructure and ecosystem driven by blockchain technology that is open, decentralized, and shared by the community. NKN encourages users to share excess network bandwidth, assists equipment service providers to effectively allocate network resources, encourages individuals and enterprises to deploy more nodes to join the network to provide data transmission services for other nodes, so as to obtain economic benefits.
NKN's goal is to use blockchain technology to create new opportunities for network transmission and to solve the current problems of resource allocation, transmission efficiency and value transfer in the network. It has become a public chain infrastructure that will block the network transmission resource, another core element of information technology, after the Ethereum blockchain-based computing power and Filecoin/IPFS blockchain-based storage capabilities. Its technological innovation lies in dynamic routing, network relay certification, highly scalable consensus mechanism and resource sharing incentives.
NKN tokens are the native tokens in the NKN ecosystem economy. They are used to incentivize network resource sharing and effectively use excess network bandwidth, totaling 1 billion.
- OGN
Keywords: Decentralized Sharing Economy Agreement
Origin's goal is to achieve true peer-to-peer commerce. Buyers and sellers can trade directly without an intermediary. Currently, users can buy and sell goods and services on Origin’s flagship store and its partner apps. Market operators can also develop and create their own applications on Origin's open source platform.
Origin Token (OGN) is an important part of the Origin Protocol. It serves as an incentive mechanism to ensure the health and development of the network, allowing every user and contributor to become a sharer of benefits, with a total of 1 billion.