Meet COMP, 1INCH, REP, BNT & BAL

The Wirex family just keeps on growing. We’re excited to introduce you to our latest additions: COMP, 1INCH, REP, BNT & BAL!

These five new tokens are now available to buy and exchange in the Wirex app.

Ready to expand your portfolio?

What have we got?

COMP

Compound (COMP) is a protocol that runs on the Ethereum blockchain. It was founded by Robert Leshner and Geoffrey Hayes in 2018. With COMP, you can deposit cryptocurrency into lending pools, which others can access to borrow. You’ll also earn interest on the assets you deposit.

SUSHI

We’re not talking about nigiri. SushiSwap (SUSHI) is an Ethereum-based software. Like bitcoin (BTC), its creator is also unknown and goes by the name of Chef Nomi. It aims to help users access the benefits of DeFi by leveraging on a community-driven platform.

1INCH

1inch (1INCH) is an Ethereum token which powers the DeFi aggregation protocol, 1inch. This decentralised exchange claims to offer the best rates by discovering the most efficient swapping routes across all leading DEXs. Once it’s found the best prices, it reroutes trades between them, allowing users to easily and cheaply transfer assets.

REP

Reputation token (REP) is a cryptocurrency that powers Augur, a decentralised prediction market built on the Ethereum blockchain. Its purpose is to counterbalance the spread of false information by rewarding people for correctly reporting the outcome of events.

BNT

Bancor Network Token (BNT) is an Ethereum token which powers the Bancor protocol. The protocol allows users to instantly and directly convert digital assets, instead of having to exchange them on cryptocurrency exchanges. BNT facilitates the trading between different pools on the network.

BAL

Balancer (BAL) is an Ethereum token that powers the Balancer Protocol, an automated market maker that allows users to earn profits by contributing to customisable trading pools. These pools provide the liquidity needed for users to buy and sell cryptocurrency on the platform. Liquidity providers are rewarded with a portion of the trading fees, plus BAL tokens, which also act as governance tokens for the protocol.

Exchange_now_1

5 Likes

It’s time to load some bags. :rofl:

2 Likes

… i can’t find any of those token on my wirex app … how do we buy them?

Hi @9808us :wave:

Please follow this procedure:

  • Log in to your Wirex account Click on “ Accounts ”.

  • Click on “ Add Account ” → “ Digital ”.

  • Click on the + icon to the right of the desired account.

  • Ready to buy some crypto! :white_check_mark:

Here is even more information about it:

Best regards!

1 Like

Most certainly up for more research on some of these gems :large_blue_diamond: , welcome abroad!