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On January 11, RVN, CLV, CVX, ANT, and PHA will be available to buy on Okcoin in the United States. Withdrawals will be available soon.
Ravencoin (RVN), Clover Finance (CLV), Convex Finance (CVX), Aragon Network (ANT), and Phala Network (PHA) are coming to Okcoin. Here’s what these projects are all about
Ravencoin (RVN) is a peer-to-peer blockchain designed for users to issue and transfer assets across its network. Using a Proof-of-Work consensus mechanism, it is a fork of Bitcoin with faster blocktime and greater asset flexibility. RVN is the network’s currency for transactions and network fees.
Clover Finance (CLV)
Clover Finance is a Layer-1, Substrate-based network that focuses on cross-chain compatibility for DeFi Apps. It incentivizes decentralized app (dApp) builders by sharing a percentage of transaction fees with them automatically. It also offers users lower gas fees in comparison to Ethereum, access to 39 different networks, and fast transaction speed. CLV is used for transaction fees, governance, staking, and rewards.
Convex Finance (CVX)
Convex Finance (CVX) is a liquidity management protocol that helps users maximize yield from Curve Finance, an automated market maker (AMM) designed for stablecoins. Convex allows users the opportunity to earn boosted Curve (CRV) tokens and liquidity mining rewards without having to lock CRV tokens. The platform features feeless deposits and withdrawals and a low-performance fee distributed to CRV stakers and CVX holders. CVX is used for staking, rewards, and governance.
Aragon Network (ANT)
Aragon Network (ANT) is a toolkit to help create and manage decentralized autonomous organizations (DAOs) and on-chain organizations. These tools include fundraising, treasury management, gasless voting, governance implementation, and dispute resolution. ANT is used for governance and the ability to participate in Aragon’s Court system.
Phala Network (PHA)
Phala Network is a smart contract platform built in 2018 that focuses on peer-to-peer cloud computing. This year, Phala introduced Phat Contract and PhalaWorld, two new products geared towards web3 and NFTs.
Disclaimer: Nothing in this blog is a solicitation to buy or sell digital assets. Okcoin does not endorse any particular digital asset or strategy. Digital asset holdings, including stablecoins, involve a high degree of risk, can fluctuate greatly on any given day, and may even become worthless. You should carefully consider whether trading or holding digital currencies is suitable for you in light of your financial condition. Okcoin does not provide legal, tax, investment, or other advice. Please consult your legal/tax/investment professional for questions about your specific circumstances.
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